Bloomberg Mitsubishi UFJ Financial Group Inc is preparing to launch a fund that provides debt financing to Asian start-ups in an effort to win investment-banking business through subsequent initial public offerings. Japan’s largest lender will start a $300 million fund early next year after upsizing its first joint-venture fund earlier this year, Chief Executive Officer Hironori Kamezawa said in …

  Bloomberg Emerging-market bonds were supposed to be dragged down this year as central banks moved towards withdrawing stimulus. Instead, the best-performing global debt was all from developing nations. Sovereign bonds issued by South Africa, China, Indonesia, India and Croatia topped the rankings of 46 markets around the world in 2021, according to data compiled by Bloomberg through last week. …

  Bloomberg RBL Bank Ltd shares plunged after a decision by India’s central bank to appoint a new director to the board raised concerns about the outlook for small private-sector lender. The stock dropped as much as 25% in Mumbai on Monday, the biggest decline since listing in 2016. It later pared the retreat to about 13% as of 1:15 …