Bloomberg Morgan Stanley strategists have dropped their expectations of near-term weakening in the dollar amid a regime shift in US rates propelled partly by prospects for meaningful fiscal expansion. “It’s no longer attractive to be positioned for a weaker dollar from here given the uncertainties around the fiscal policy outlook, the monetary policy outlook, and the growth and inflation outlook,” ...

Bloomberg The Reserve Bank of India (RBI) is open to examining any proposal to set up a bad bank, Governor Shaktikanta Das said, days after the authority forecast a surge in soured assets. “If any proposal comes we are open to examining it and issuing the regulatory guidelines but it’s for the government and the private sector players to really ...

Bloomberg As HSBC Holdings pins its future on China, Europe’s largest bank is grooming a set of well-connected bankers to navigate its fraught relationship with Beijing in the long run. David Liao and Mark Yunfeng Wang, heads of Asia Pacific global banking and its China operations, respectively, are among a handful of contenders in the running to steer HSBC’s expansion ...