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India’s gold imports fall as record prices hit demand

Bloomberg India’s gold imports tumbled by half in January as record domestic prices and a slowdown in economic growth curbed demand in the world’s second-biggest buyer. Imports fell to 21.7 tons last month from 45.9 tons a year earlier, according to a person familiar with the data, who asked not to be identified as the information isn’t public. Finance Ministry ...

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Sony hikes profit forecast over image censor

Bloomberg Sony Corp raised its profit forecast for the second time this fiscal year, boosted by strong demand for the image sensors that power smartphone cameras. Operating income will probably reach 880 billion yen ($8.1 billion) in the year ending on March 31, compared with the 840 billion yen Sony forecast in October and the 877 billion yen average of ...

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India’s plan to open up bond access gets lukewarm response

Bloomberg India is looking to overseas funds to rescue its battered bond market, but relief may be slow to come. A move to allow global funds to buy more government and corporate debt is unlikely to reverse sentiment hurt by record bond sales and shrinking returns, investors say. “High bond supply means potential pressure on bond prices, so easier access ...

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