Bloomberg Jewelers in India’s biggest gold-buying state expect sales to drop during the peak festival and wedding season after heavy rains and floods caused more than $3 billion of damage. The usual spend of 200 grams to 1 kilogram of gold per wedding in Kerala may drop 50 percent in the next month, B. Govindan, president of the All Kerala ...

Bloomberg A deadline set by India’s central bank to restructure an estimated $52 billion of stressed loans may push dozens more companies into bankruptcy. The Reserve Bank of India in February introduced new rules and a 180-day timeline for banks to recast loans once payments are missed, scrapping previous methods that could take an indefinite amount of time. Companies that ...

Bloomberg China’s yuan was stable in the onshore market following Friday’s surge, after the central bank signalled that it’s taking action to support the currency through its daily fixing. Starting this month, banks resumed using an adjustment in the daily pricing of the currency against the dollar, known as the counter-cyclical factor, to mitigate the bias towards a weaker yuan, ...