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Business

Bank of England's Carney defends Brexit warnings

Accused of putting out "scare stories" and "phony forecasts" before the EU referendum, Bank of England Governor Mark Carney has defended warnings about the economic risks of Brexit.

Accused of putting out "scare stories" and "phony forecasts" before the EU referendum, Bank of England Governor Mark Carney has defended warnings about the economic risks of Brexit.

Business

Call for 150 billion euros bailout fund for European banks

Deutsche Bank's chief economist David Folkerts-Landau wants the European Union to set up a 150 billion euro rescue fund to recapitalise European banks and address "one crisis after another".

Deutsche Bank's chief economist David Folkerts-Landau wants the European Union to set up a 150 billion euro rescue fund to recapitalise European banks and address "one crisis after another".

Business

Italian banking crisis looms

A mountain of bad debts and a lack of capital reserves are fueling an Italian banking crisis, which has been thrown into sharp focus by Britain's vote to leave the European Union.

A mountain of bad debts and a lack of capital reserves are fueling an Italian banking crisis, which has been thrown into sharp focus by Britain's vote to leave the European Union.

Business

France moves to lure London bankers post-Brexit

France has stepped up its efforts to grab some of the London banking business that could be displaced by Britain's decision to leave the European Union.

France has stepped up its efforts to grab some of the London banking business that could be displaced by Britain's decision to leave the European Union.

Business

Russia cuts cost of borrowing as inflation falls

Russia's central bank has cut its main interest rate by 0.5 percent to 10.5 percent, signaling confidence by its policymakers that inflation risks are declining.

Russia's central bank has cut its main interest rate by 0.5 percent to 10.5 percent, signaling confidence by its policymakers that inflation risks are declining.

News

Secretive Bilderburg Meetings open in Dresden

It has been dubbed the world’s most high-powered but secretive annual meeting where bankers mingle with politicians.

It has been dubbed the world’s most high-powered but secretive annual meeting where bankers mingle with politicians.

Business

Standard and Poor's interest rate warning

Standard and Poor's has warned that as borrowing costs go up some countries could see their credit ratings cut or outlooks lowered, with the most pronounced problem in the eurozone.

Standard and Poor's has warned that as borrowing costs go up some countries could see their credit ratings cut or outlooks lowered, with the most pronounced problem in the eurozone.