EU steps up trade fight with Brazil

Request to WTO to set up a panel to rule on issue

Fed risks credibility, says official

Kocherlakota warns of dangers of undershooting inflation goal

Russia raises interest rates to 9.5%

Central bank acts to steady rouble amid geopolitical isolation

Brazil reveals its largest monthly deficit

Real weakens on worse-than-expected fiscal performance

UK to repay tranche of perpetual war loans

Government to redeem £218m in ‘4% Consols’ from 1927

ECB moves house after three-year delay

Costs spiralled to €1.2bn and tower not large enough for all staff

Danone extends China dairy market push

Ties to biggest milk producer tightened with $550m Yashili deal

Banks’ sigh of relief over UK leverage ratio

BoE’s new level of 4.05% lower than feared