The Reserve Bank of India on Wednesday lifted curbs imposed on American Express last year that had prevented it from taking on new customers in India, saying the U.S. credit card giant had shown "satisfactory compliance" on data storage rules.
Sterling was steady against the dollar on Wednesday, holding above a 2-1/2 year low touched a day earlier after data added to signs that a recession may be looming in Britain.
Indonesia's first interest rate hike in four years made its central bank one of the last to abandon pandemic-era monetary settings, but it's also given investors cause to stay bullish on one of the world's more resilient emerging markets.
The Indian rupee was trading higher versus the U.S. currency on Wednesday as exporters sold dollars, allowing the local currency to withstand a rise in oil prices.
Investors are bracing for the Federal Reserve to double down on its commitment to crushing inflation, and expect its chair Jerome Powell at the annual central bank gathering in Wyoming this week to deliver an aggressive tightening message and dash hopes for a rate cut next year.
The Indian rupee is tipped to open little changed against the dollar on Wednesday, as an overnight jump in oil prices offset support from a slight pullback in the U.S. currency.
Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world's second-largest economy, two people with direct knowledge of the matter said, aiming to tap a $4.3 trillion market for wealth products.
Broker Marsh and Lloyd's of London (SOLYD.UL) insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain and food products from Ukraine's Black Sea ports under its new marine cargo and war insurance facility.
