Bloomberg Indonesia’s new central bank chief raised interest rates at an early policy meeting on Wednesday, moving swiftly to counter an emerging-market selloff that’s shaken the nation’s currency and bonds. Less than a week in office, Governor Perry Warjiyo led the board in increasing the seven-day reverse repurchase rate by 25 basis points to 4.75 percent, in line with almost ...

Bloomberg The interest-rate cycle in India is turning. The central bank may be set to tighten policy next week to keep inflation in check and stem the declines in the rupee, if the rate-market moves are any indication. The Reserve Bank of India hasn’t tinkered with rates since August, and even cut inflation projections last month, raising expectations that borrowing ...

Bloomberg If you’re at Deutsche Bank AG and haven’t already been fired, you’re likely to find out next month if you will. The bank will have completed the “vast majority” of front-office job cuts by the end of June, Chief Executive Officer Christian Sewing said at a conference in New York, adding that 600 staff have already left the Corporate ...