LONDON, Sept 22 (Reuters) - The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to "respond forcefully, as necessary" to inflation, despite the economy entering recession.
UBS Group will eliminate from Oct. 1 the fee it charged on accounts by private and corporate clients to offset negative interest rates after the Swiss National Bank raised its policy rate into positive territory on Thursday, the bank said.
Wall Street futures were muted on Thursday as investors assessed the impact on U.S. economic growth from the Federal Reserve's unwavering focus to rein in inflation through aggressive interest rate hikes.
Japan intervened in the foreign exchange market on Thursday for the first time since 1998 to shore up the battered yen, in the wake of the central bank's decision to maintain ultra-low interest rates that have hammered the currency. [nL1N30S30X]
Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury.
The proposed comprehensive free trade pact between India and the United Kingdom, likely to be signed by next month's end, could accelerate joint ventures and boost bilateral investments, the head of the body promoting bilateral trade said on Thursday.
Ancora Holdings, one of the hedge funds that spearheaded a board shake-up last year at Kohl's Corp , is now pushing for the removal of the U.S. retailer's chief executive and board chairman, according to a letter seen by Reuters.
Manchester United reinstated an annual financial forecast for the first time since the pandemic on Thursday, after losses in the fourth quarter narrowed thanks to increased ticket sales.
The Russian rouble strengthened to a one-month high against the euro on Thursday and firmed past 60 to the dollar as Russian markets recovered ground lost after the Kremlin ordered a partial military mobilisation.
