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No respite for RBI as inflation to quicken in slowing India

Bloomberg India’s inflation is seen accelerating in the final reading on consumer prices before the central bank decides on interest rates next month, complicating matters for Governor Urjit Patel amid increasing evidence that economic growth is weak. Consumer prices probably rose 3.24 percent in August from a year earlier, according to the median of 36 estimates in a Bloomberg survey ...

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Aussie banks sit on $402bn of ‘liar loans’: UBS

Bloomberg Here’s something else for policy makers to worry about as they attempt to engineer a soft landing in Australia’s property market. The country’s lenders could be sitting on $402 billion of “liar loans,” or mortgages obtained on inaccurate financial information, according to an estimate from UBS Group AG. A survey by the firm of 907 Australians who took out ...

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Embraer mulls China return with factory for passenger jets

Bloomberg Embraer SA is likely to consider building a commercial-aircraft factory in China in two years, Chief Executive Officer Paulo Cesar de Souza e Silva said, marking a potential shift in strategy after the company shut down its private-jet plant in the Asian country in 2016. The Brazilian planemaker will wait for the rollout of its first E195-E2 aircraft in ...

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