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  Bloomberg The rupee’s surge and a banking system awash with funds will shift focus to a little-used tool in the Indian central bank’s arsenal before next month’s policy review. The Reserve Bank of India may consider raising the cash reserve ratio for the first time since 2010 if deposits accumulated due to November’s cash ban don’t flee over the ...

  Bloomberg If at first you don’t succeed, try, try, try and try again. Indian policy makers appear to have adopted the mantra as they mull setting up a state-run fund manager to resolve stressed assets in the banking system after numerous efforts to fix the problem failed. A “Public Sector Asset Rehabilitation Agency” will help deal with the soured-debt ...

  Bloomberg Netmarble Games, South Korea’s largest maker of mobile phone games, filed to raise as much as 2.7 trillion won ($2.4 billion) in an initial public offering. The company will sell 17 million shares at 121,000 won to 157,000 won apiece, Seoul-based Netmarble said in a filing on Monday. Final pricing will be announced on April 24. At the ...

  Bloomberg Canada’s Finance Minister is sticking by his pledge to lower the nation’s debt ratio, signaling the government won’t push much deeper into deficit when it delivers its budget this week. Bill Morneau said he remains committed to the notion a falling level of debt relative to the total size of the economy shows fiscal prudence. The country’s low ...

  Bloomberg European Central Bank Governing Council member Ignazio Visco said the central bank could step away from its commitment to keep interest rates low for a long time after quantitative easing stops. While the ECB’s current guidance foresees that borrowing costs will stay at current or lower levels “for an extended period” and won’t rise until “well past” the ...

  Abu Dhabi / Emirates Business Foreign investors continue to pour billions into the Abu Dhabi real estate market, as new international standards and property regulations increase investor confidence in the sector. According to Abu Dhabi Securities Exchange (ADX) investors outside of the UAE pumped $40.3m last month into the UAE capital, with the real estate market taking the lion’s ...

  KALBA / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has offered condolences to the family of Emirati serviceman Zakaria Sulaiman Al Za’abi, who died while performing his national duty as part of the Saudi-led Arab Coalition’s “Operation Restoring Hope”, in Yemen. While visiting the ...

  DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry recently concluded a successful trade mission to India which was organised to facilitate economic cooperation and explore trade and investment opportunities in the country. The trade mission, part of the Chamber’s Global Business Forum roadshow, was joined by dignitaries, officials and businessmen, who visited Mumbai and Ahmedabad, and ...

  ANKARA / AP Opposition figures in Turkey say they have faced threats, violence, arbitrary detentions, a lack of TV airtime and even sabotage in the campaign for a referendum on expanding the president’s powers. The complaints come even as Turkish President Recep Tayyip Erdogan himself has slammed European countries for not letting his ministers campaign on their soil for ...

  Bloomberg Like generations before him, the only light Jurdar Thingya has at night in his one-room mud hut in India’s Maharashtra state comes from a small wood fire on the floor. A broken solar panel is all that the 35-year-old farmer has to remind him of the government’s promise to bring electricity to all of India’s villages. Bhamana, population ...