Bloomberg The Indian government, which seized control of debt-laden financier Infrastructure Leasing & Financial Services Ltd., (IL&FS) has pledged to ensure the beleaguered lender has the money to prevent further defaults. Superseding the board of IL&FS, which has defaulted on more than five of its obligations, was essential to restore the confidence of the financial markets, according to a statement ...

Bloomberg Japanese Prime Minister Shinzo Abe kept his economic team including Finance Minister Taro Aso and added several first-time cabinet members in a reshuffle following his election last month to a third-straight term as ruling party leader. The Japanese prime minister, who’s in position to become Japan’s longest-serving premier, has said he would prioritize a divisive effort to change the ...

Bloomberg Indonesia’s rupiah weakened past 15,000 per dollar for the first time in 20 years as sentiment towards emerging-nation assets soured and oil prices jumped. The currency has tumbled almost 10 percent this year as rising US interest rates have boosted the dollar and Indonesia’s current-account deficit has left the economy exposed to the financial turmoil that afflicted Turkey and ...