ECONOMY & MARKETS

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The logo of Raiffeisen Bank International is seen on their headquarters in Vienna, Austria, March 1, 2022.

Austria's RBI Sees Big Profit Gains In Russia And Belarus

The Russian and Belarusian operations of Raiffeisen Bank International (RBI) posted the sharpest gains in profit among its subsidiaries in the first half, figures on Tuesday showed, even as the Austrian bank weighs a possible withdrawal from the region.
Foreign tourists walk past banners of the G20 summit near a venue for the G20 Finance Ministers Meeting in Nusa Dua on Indonesia's resort island of Bali, on July 14, 2022. Sonny Tumbelaka/Pool via REUTERS

Japanese Finance Minister Frets About 'Hectic' Yen Swings

Japanese Finance Minister Shunichi Suzuki on Tuesday reiterated the need for currencies to move stably reflecting fundamentals, describing recent yen swings as "hectic", highlighting the complication for authorities in responding to sharp currency moves.

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