MOSCOW (Reuters) – Russia’s central bank on Tuesday said it had raised a total of 3.06 trillion roubles ($48.65 billion) at a one-week deposit auction. The Bank of Russia conducts weekly deposit auctions to manage aggregate liquidity and temporarily absorb excessive funds from credit institutions under a structural liquidity surplus. Government debt and liquidity auctions …

Russian central bank raises over 3 trillion roubles at one-week deposit auction Read More »

LONDON (Reuters) – Ukraine does not need another currency devaluation for now, Ukraine’s head of debt management Yuriy Butsa said on Tuesday, but may need to think about one if the exchange rate deteriorates. “I don’t see the need for central bank to devalue again,” Butsa told a Bloomberg event, saying that the rate on …

Another currency devaluation not needed for now – Ukraine’s head of debt management Read More »

By Emma Farge GENEVA (Reuters) – Airline passengers face higher ticket prices as the industry moves towards its target of reducing emissions to net zero by 2050, the head of a global trade association said on Tuesday. Willie Walsh, Director General of the International Air Transport Association, which includes most of the world’s major airlines, …

Airlines warn of higher fares from green transition Read More »

By Huw Jones LONDON (Reuters) – Britain’s financial watchdog on Tuesday proposed tougher rules for approving financial promotions after a sharp rise in misleading marketing online. Currently, marketing information can be approved by a firm regulated by the Financial Conduct Authority (FCA) without its direct nod. But under the new measures, which are part of …

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LONDON (Reuters) – British supermarket group Asda said it planned to open 300 convenience stores by the end of 2026, aiming to become a player in the smaller shop market to help drive growth, and creating 10,000 new jobs in the process. The group, Britain’s third largest grocer after Tesco and Sainsbury’s, has traditionally focused …

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By Marc Jones LONDON (Reuters) – European Central Bank interest rates will go up again but are now “very near” their neutral level, ECB policymaker Constantinos Herodotou said on Tuesday. “We are very near the neutral rate. There will be I think another hike or hikes,” Herodotou, Cyprus’ ECB Governing Council member, told a Bloomberg …

ECB to hike again but “very close” to neutral rates – Herodotou Read More »