Bloomberg The World Bank cut India’s economic growth forecast by the most among South Asian nations on Sunday, below the outlook pegged by the nation’s central bank for this year, mainly because of a deceleration in domestic demand. India’s gross domestic product growth is projected at 6% in the fiscal year started on April 1, compared with 7.5% forecast in …

Bloomberg Chime, an online banking startup with more than 5 million customers, is close to raising new funding from investors at a valuation that could be north of $5 billion, according to a person familiar with the matter. The funding round is slated to be led by DST Global, said the person, who asked not to be identified discussing private …

Bloomberg Two Senate Democrats are urging three payment processing companies to reconsider their involvement with the Libra cryptocurrency project envisioned by Facebook and a coalition of other groups. Libra poses risks not only to global financial systems, but also to the companies’ broader payments business, Senator Sherrod Brown of Ohio and Senator Brian Schatz of Hawaii said in letter to …