Indian central bank chief felt undermined in weeks before quitting: sources
NEW DELHI/MUMBAI (Reuters) – Indian central bank governor Raghuram Rajan’s abrupt decision to quit came as he increasingly felt he lacked support from his political bosses Finance Minister Arun Jaitley and Prime Minister Narendra Modi, according to fri…
Heavy trading predicted around Brexit vote
NEW YORK (Reuters) – U.S. stock markets could see heavy trading and increased volatility as investors position for next week’s referendum on whether Britain remains in the European Union.
Italy’s Ferragamo CEO sees no let-up in luxury sector slowdown
MILAN (Reuters) – Salvatore Ferragamo will focus on boosting profits this year to combat lower growth in the luxury industry as a whole, its outgoing chief executive said on Sunday.
U.S. Navy chief warns of costlier Boeing jets if no foreign sales
BERLIN (Reuters) – The U.S. could see the cost of new Boeing Co F/A-18E/F Super Hornets rise unless the government approves foreign sales of the jets soon, U.S. Navy Secretary Ray Mabus said on Sunday.
Egypt’s Suez Canal charging VLCCs coming from the Arabian Gulf $155,000
CAIRO (Reuters) – Egypt’s Suez Canal Authority has set new toll rates for oil tankers as part of a six-month experiment that came into effect on Thursday, it said on its website.
India seen pressing ahead with bank clean-up despite Rajan exit
MUMBAI (Reuters) – India’s move to clean up the books of its banks saddled with $120 billion of sour loans will be largely unaffected by the decision of central bank chief Raghuram Rajan to step down, say bankers and government officials.
Iran says has finalised the deal to buy 100 Boeing airliners
DUBAI (Reuters) – Iran has reached a deal to buy 100 planes from U.S. planemaker Boeing , and the two sides are awaiting approval by U.S. Treasury authorities, the head of Iran’s Civil Aviation Organisation said in remarks published by state media on S…
Indian central bank chief to step down in surprise move
MUMBAI (Reuters) – India’s “rock star” central bank governor Raghuram Rajan, feted by foreign investors but under pressure from political opponents at home, stunned government officials and colleagues on Saturday by announcing he would step down after …
Tracing the global market thread that could be unraveled by Brexit
LONDON (Reuters) – If Britons vote to take their country out of the European Union on June 23, no corner of the global financial market complex will emerge unscathed.
EU banking watchdog to leave London in case of Brexit: chairman
BERLIN (Reuters) – The European Union’s banking watchdog will move from London to another European capital if Britain decides to quit the bloc in a referendum this week, its chairman said in an interview published on Sunday.
