Bloomberg India’s shadow banks are benefiting from a drop in borrowing costs after government stimulus steps, but the troubled sector faces more challenges ahead as the economy reels from the pandemic. The lenders’ borrowing costs declined in June for a second straight month, according to a gauge that’s among four indicators compiled by Bloomberg to check on the health of ...

Bloomberg The Indonesian rupiah slumped to a seven-week low as traders positioned for a policy decision due on Thursday and concern about rising domestic virus infections damped sentiment. The rupiah dropped as much as 1% to 14,597 per dollar, the weakest level since May 29. BI is forecast to cut its key rate by 25 basis points to 4.00%. “If ...

Bloomberg Stocks and US equity futures rose, while the dollar weakened to a one-month low as progress in developing a coronavirus vaccine crossed a key milestone. European stocks staged a broad advance, with travel shares leading gains. Atlantia SpA surged 20% as Italy’s government moved to resolve a long-running dispute linked to a 2018 bridge collapse. Treasuries and gold were ...