Bloomberg India’s central bank lowered its benchmark interest rate by an unconventional 35 basis points, its fourth reduction this year to support a slowing economy. The repurchase rate was reduced to 5.4%, the lowest since 2010, surprising most of the 40 economists surveyed by Bloomberg who had predicted a quarter-point cut. AasthaGudwani, an economist at Bank of America Merrill Lynch ...

Bloomberg Brazil’s central bank signaled an acceleration in economic growth will be slow even as a benign inflation outlook clears the way for more benchmark interest rate cuts and the government readies new stimulus. Gross domestic product (GDP) was likely stable or slightly positive in the second quarter and growth will probably show “some acceleration” going forward, policy makers wrote ...

Bloomberg Citigroup Inc. has grown concerned the US-China trade war will persist long enough to dent any potential profit rebound for corporate America. Tobias Levkovich, the firm’s chief US equity strategist, cut his earnings forecast for S&P 500 companies this year by $3.80 to $166.20 a share. Global stocks have tumbled this month amid concern that the US-China trade spat ...