Russia's No.2 lender VTB on Wednesday said it had opened a special "vostro" account at its Indian branch that would allow for the more active use of Indian rupees in payments under import and export contracts between Russia and India.
Russia on Wednesday banned dealings in the shares or share capital of 45 banks or banking units, all either owned by parties in countries that Russia terms "unfriendly" or owned through foreign capital.
Visa Inc reported better-than-expected quarterly earnings on Tuesday as more Americans took advantage of a stronger dollar to fly to international destinations and splurge on shopping and entertainment.
The Swiss National Bank allotted no extra dollar liquidity to banks in its latest auction, the central bank said on Wednesday. No banks put in bids for the currency, it added, a significant drop from the previous week when 17 banks took part in the auction.
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Solid wage growth, not a spiralling yen, is likely to be the trigger that drives the Bank of Japan away from its ultra-low interest rates as the policymakers cling stubbornly to hopes a tight job market will eventually revive consumer demand.
Singapore's central bank has put forward proposals for new regulatory measures on cryptocurrency trading and stablecoins, in a bid to reduce the risk of consumer harm from the volatility of the industry.
The Bank of Canada is widely expected to raise rates by another three-quarters of a percentage point to a fresh 14-year high, as stubbornly broad and persistent inflation outweighs worries that the rapid pace of tightening will trigger a recession.
Standard Chartered's third-quarter profit surged 40% as higher interest rates boosted the emerging markets-focused bank's income, giving it ammunition to upgrade its revenue outlook despite a weakening global economy.
Australia's corporate regulator said it had appealed the Federal Court's decision to dismiss its petition against the Commonwealth Bank of Australia and its pension unit on allegations of improperly collecting commissions.
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