Bloomberg Cash may no longer be king in India. The nation’s nascent digital economy stands to be the biggest beneficiary of its strongest crackdown on corruption since 1978. In a surprise announcement late Tuesday, Prime Minister Narendra Modi banned 500-rupee ($7.50) and 1,000-rupee notes effective midnight, sweeping away 86 percent of total currency in circulation. Paytm, India’s largest digital ...

  Bloomberg Japan’s nuclear regulator cleared another pair of reactors on the southernmost island of Kyushu for restart despite a growing chorus of opponents who object to any resumption of nuclear operations. The Nuclear Regulation Authority approved a preliminary report on Wednesday that says Kyushu Electric Power Co.’s Genkai No. 3 and 4 reactors meet post-Fukushima safety rules, one of ...

  Bloomberg Tencent Holdings Ltd.’s main movie arm plans to spend at least 2 billion yuan ($295 million) investing in Hollywood and Chinese films in the two years through 2017 to expand its presence in global entertainment production, according to people familiar with the matter. Tencent Pictures, which helped finance domestic smash “Warcraft” and the upcoming “Kong: Skull Island,” is ...