Does it matter how many “likes” does your Facebook post gather when you are a powerful politician? Or how many followers do you have on Twitter? It does in India. Dozens of parliamentarians from the ruling Bharatiya Janata Party (BJP) have recently been chastised by their leadership for not being active enough on the Net. This is one of …

  Bloomberg Deutsche Bank AG had its credit rating cut by Moody’s Investors Service, which said the German lender faces mounting challenges in carrying out its turnaround. The bank’s senior unsecured debt rating was lowered to Baa2 from Baa1, Moody’s said in a statement this week. That left the grade two levels above junk. The firm’s long-term deposit rating fell …

  Bloomberg Morgan Stanley Chief Executive Officer James Gorman sounded a positive note about the Wall Street bank’s business, telling investors to “stay tuned” for better performance as markets recover. Speaking to Bloomberg Television in Beijing, where the firm is hosting its China summit, Gorman said a 6 percent return on equity in the first quarter was in “a very …