Bloomberg Indian bank shares surged the most since November on a report the government is considering allowing foreign investors to own larger stakes in the country’s lenders. The Bankex Index, a gauge for 10 lenders, rose 2 percent to a new record high as of 9:30 a.m. in Mumbai. Gains were led by privately owned Yes Bank Ltd., which is …

Bloomberg The Bank of Canada indicated it’s in no rush to pursue aggressive interest rate hikes, citing “important unknowns” such as the future of Nafta as it raised borrowing costs for the third time since July. At a rate decision, central bank officials led by Governor Stephen Poloz sought to quell expectations Canada’s economic boom could prompt them to move …

Bloomberg Barclays Plc is eliminating as many as 100 senior staff at its investment bank as the unit’s chief, Tim Throsby, overhauls the underperforming division, according to people familiar with the decision. The cutbacks will fall mainly at the managing director and director levels and are evenly split between Europe and the US, said the people, who asked not to …