Bloomberg China’s central bank will increase the supply of cheap funding to banks by cutting the amount of cash they need to hold as reserves, a move aimed at putting a floor under economic growth in 2020. The required reserve ratio for commercial lenders will be lowered by 50 basis points from January 6, unleashing about 800 billion yuan ($115 …

Bloomberg The Environmental Protection Agency’s (EPA) science advisers rebuked the agency over its 2018 proposal to slash automobile fuel efficiency and emission standards, saying tougher rules charted during the Obama administration may have better outcomes than the plan to replace them. Members of the EPA’s Science Advisory Board, which reviews major agency actions, said there were significant weaknesses in the …

Bloomberg A consortium led by Goldman Sachs Group Inc and Varde Partners LP will buy 65.75 billion rupees ($922 million) of debt from an Indian power company at a 38% discount, in one of the largest restructuring deals outside the nation’s bankruptcy court. Creditors of RattanIndia Power Ltd will sell the debt via an asset reconstruction company controlled by the …