Emerging markets braced for Fed acid test

A Federal Reserve rate increase would shake up central banks

Draghi and Fischer defend reform calls

Top central bankers reject claim they are too politicised

Commerzbank set to pay dividend

German group shows return to health after Lehman collapse

Will eurozone ever regain its spring?

The buzzword is ‘hysteresis’, which is bad news for the jobless

Cheap money hurt Hermes’ focus on quality

Manager hopes for tailwind as US interest rates start to rise

Pakistan cuts key discount rate to 7%

Larger-than-expected move aimed at spurring growth

BoE mis-sends Brexit email to press

Officials confirm research into impact of EU departure

IMF urges Japan to expand monetary easing

Fund’s intervention comes as BoJ keeps policy on hold

Yellen expects US economy to strengthen

Fed chair points to rate rise this year if recovery continues

Axa pledges to sell €500m of coal assets

French insurer shuns fossil fuel in favour of renewables

Russian retail sales and wages plummet

Fresh figures rock hopes of economic rebound

Germany curbs union powers after strikes

Concern that labour relations have fallen to ‘English conditions’

Dollar gains led by fresh rate expectations

Inflation data reinforce prospects of US policy move this year

Eurozone says no Greek deal without IMF

Cash-strapped Athens could be left for weeks with no aid

Draghi urges reforms to unlock potential

ECB president says return to prosperity needs government action

Nationwide CEO to step down after 9 years

Graham Beale exits as mutual’s profits soar amid rise in lending