Bloomberg State Bank of Bikaner & Jaipur and State Bank of Mysore shares surged for a second day as India approved the merger of the lenders with their parent, amid a government push to strengthen the nation’s fragmented banking industry. Bikaner Bank rose 18 percent in Mumbai to a five-month high, while SBM climbed 20 percent to the highest ...

  Bloomberg Japan’s main bank lobby hinted that the central bank was right to keep monetary stimulus unchanged, saying that sending negative interest rates even lower would hurt the industry. “The impact on banks would be more severe if negative rates are expanded,” Japanese Bankers Association Chairman Takeshi Kunibe said at a briefing in Tokyo hours after the decision. Japanese ...

  BLOOMBERG Stocks slid with commodities after central banks in the U.S and Japan signaled increased concern about the global economic outlook. Gold and bonds rose on haven demand, while the yen climbed to the highest since 2014. The Stoxx Europe 600 Index fell to a four-month low and U.S. crude headed for its longest losing streak since February. Bond ...