The MOEX index decreased by 0.9% to 2,188.56 points and the RTS index fell by 0.49% to 1,136.40 points at the end of the trading session on the Moscow Exchange on Wednesday.

…Unions argue their members deserve substantial pay rises, with inflation hitting a 40-year high of 10.1 per cent in July and forecast by the Bank of England to stay high for most of 2023….

Borrowings fall to a minimum

…That has prompted the central bank to raise its benchmark interest rate for six consecutive months, to 6.5 per cent from near zero in the autumn….

…Administrator BDO’s latest report into Croftray, meanwhile, says that around £1.1mn in payments were made out of its bank account after the winding up order….

…If there is enough evidence, that team can carry out test purchases to trace payments through the credit card system in the hope of identifying bank accounts and linking companies to them….

…The Wall Street bank moves were first reported by Reuters and Bloomberg….

…There was no announcement on who would replace him, with the bank due to hold a monetary policy committee meeting on Thursday….

…The increase comes despite a recent jump in mortgage costs, following the Bank of England’s decision to boost its benchmark lending rate from 0.1 per cent in December to 1.75 per cent this month in an effort…

Bitcoin continued to trade below $24,000 today, as the token fell for a fourth consecutive session.