Bloomberg China used to rail against the outsize role of the US dollar. But in a major turnaround, the world’s second-biggest economy has started embracing the currency of its larger rival. Chinese companies and banks—and even the government—sold bonds denominated in dollars at a record pace last year, and underwriters expect that growth to continue for years. The roughly half-trillion-dollar …

Bloomberg Retail punters now have another way to make risky wagers on cryptocurrencies. CMC Markets Plc, a London-based brokerage controlled by Peter Cruddas, has joined rivals including Plus500 Ltd. and IG Group Holdings Plc in allowing amateur investors to make bets on Bitcoin and Ethereum, two of the biggest digital coins. Retail traders can use contracts-for-difference, a form of derivatives …

Bloomberg India’s central bank is on course to raise interest rates for a second consecutive policy meeting as it takes more decisive steps to rein in inflation and stem capital outflows. With inflation running well above the central bank’s medium-term target of 4 percent — and the outlook set to worsen as oil prices stay elevated and the currency slides …