Bloomberg The Reserve Bank of India needs to soften its economic growth narrative and lower its projections for the current fiscal year. That’s the view of Mumbai-based SBICap Securities Ltd after data released January 11 showed industrial production in November grew 0.5 percent from a year ago, much lower than the expected 3.6 percent. The RBI needs to cut its ...

Bloomberg UBS Global Wealth Management predicts the Federal Reserve will raise interest rates twice this year despite markets pricing in little chance of that happening. An expanding US economy and low recession risk may provide opportunities for the Fed to keep ratcheting up borrowing costs, said Min Lan Tan, head of the chief investment officer for Asia Pacific in Singapore. ...

Bloomberg Banca Monte dei Paschi di Siena SpA dropped in Milan trading after the European Central Bank highlighted weaknesses in the Italian lender’s capital and profitability. The ECB told the bank that its inability to issue the second tranche of a junior bond issue last year hurt its capital position, Monte Paschi said in a statement. The Italian bank plans ...