Bloomberg The Reserve Bank of India is bracing for a fight on proposed changes to the global regulatory framework that would hit the country’s lenders with higher capital charges for the mountain of government debt on their books. Tighter rules would bite India’s banks, already struggling with surging bad loans and higher provisions. With nearly 30 percent of their ...

  Bloomberg Indian oil producers Oil and Natural Gas Corp and Oil India Ltd gained as the government was said to have allowed refiners to raise the price of kerosene each month for 10 months, reducing the burden of subsidies. ONGC rose as much as 6 percent to 241.55 rupees, the highest on an intraday basis in six months, and ...

  Bloomberg Japan cut its forecasts for growth and inflation as two key advisers to Prime Minister Shinzo Abe urged coordinated stimulus from the government and the central bank to support the ailing economy. Current thinking in the government is for a fiscal package of about 10 trillion yen ($96 billion), according to people familiar with the discussions. Koichi Hamada ...