Bloomberg India’s foreign exchange reserves may soon drop below the $400 billion mark for the first time since November as the central bank steps up action to shore up one of Asia’s worst-performing currencies. Reserves have steadily declined by $21 billion from a record peak of $426 billion in mid-April, and official data showed it was little changed in the ...

Bloomberg Deutsche Bank AG is cutting dozens of employees and consolidating space at its Chicago office as part of a broader plan to shrink its US operations, according to people briefed on the matter. The German lender’s Chicago office — which houses units including front-office trading, operations and treasury — will be reducing headcount, said the people, who asked not ...

Bloomberg The Reserve Bank of New Zealand’s (RBNZ) new monetary policy committee with external members could begin deciding on interest rates in the second quarter of next year, Finance Minister Grant Robertson said. Legislation to enact the government’s RBNZ reforms should pass into law by April, which could allow the enlarged policy committee to begin deliberations as soon as May, ...