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India Sensex gains on lower oil price; Reliance advances

Bloomberg India stocks gained on investor optimism that the falling price of crude oil, the nation’s biggest import, will help companies maintain earnings growth by keeping inflation in check. The benchmark S&P BSE Sensex index climbed 1 percent to 35,144.49 in Mumbai, reversing a drop of as much as 0.4 percent. Reliance Industries Ltd., the country’s second largest company by ...

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Credit Suisse faces Geneva scrutiny tied to ex-bankers

Bloomberg Geneva prosecutors are investigating whether a Credit Suisse Group AG unit failed to stop money laundering in a widening fraud case tied to a defunct asset manager, according to people familiar with the probe. Prosecutors added the bank to the criminal investigation late last week after two former employees were named as suspects over the summer, said the people, ...

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Fed’s Daly sees possible Dec rate hike, more next year

Bloomberg Federal Reserve Bank of San Francisco President Mary Daly said US policy makers ought to be gradually lifting interest rates to bring an economy that’s running above potential in for a soft landing. “It wouldn’t be surprising to me that we would need to go up again in December and at least a couple of times next year,” Daly ...

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