New Delhi / AFP India’s central bank chief on Saturday said “new rules of the game” were needed for monetary policy-making, arguing that greater oversight was crucial in an increasingly integrated global economy. Central banker Raghuram Rajan proposed a traffic light-style system whereby a central bank’s policies could be rated red, orange or green depending on their level of harmful ...

Hong Kong / AFP Ratings agency Moody’s downgraded its outlook for Hong Kong on Saturday, citing increasing political riskiness and closer economic ties with China, which is facing a growth slowdown. Moody’s changed Hong Kong’s outlook from “stable” to “negative” as the semi-autonomous city continues to reel from political unease following mass pro-democracy protests in 2014. The city saw violent ...

Beijing / Bloomberg China will combine its biggest state-owned enterprises as part of a sweeping plan to cut overcapacity in the $18 trillion sector but won’t see the widespread layoffs that accompanied a similar overhaul in the 1990s, a senior regulator said. Reform of China’s state-owned enterprises must balance many interests, especially those of employees, Xiao Yaqing, the chairman of ...