Bloomberg While there’s still skepticism that India’s state-run banks will get back into the nation’s sovereign bond market, overseas investors are keen to buy more of the notes after the central bank granted them greater access. India’s high yields and relatively stable currency have spurred Mitsubishi UFJ Kokusai Asset Management to buy more rupee securities, said Tatsuya Higuchi, executive chief ...

Bloomberg More than a year after Christie’s decided to end its annual sales of fine art in India, rival Sotheby’s is entering the market as it seeks to tap the increasing affluence in the world’s fastest-growing major economy. Sotheby’s first Indian auction will be held in Mumbai in December with one of modern master Tyeb Mehta’s most important works “Durga ...

Bloomberg With the federal budget deficit expanding and congressional elections seven months away, the Trump administration plans to ask Congress for cuts in domestic programs that were part of a bipartisan $1.3 trillion spending bill that President Donald Trump signed last month. The White House doesn’t want to touch extra funding for the military, border security and combating the opioids ...