Reuters Saudi Arabia’s stock index fell on Monday on rumours that index compiler FTSE might not upgrade Riyadh to emerging-market status as quickly as hoped, while Qatar notched up its fifth straight session of gains. At the end of the business day on September 29, FTSE will announce its decision on whether to include Saudi Arabia in its secondary emerging ...

Bloomberg The Bank of England (BOE) said an agreement is needed as part of the Brexit process to protect the ‘long-term validity’ of 20 trillion pounds ($27.1 trillion) of existing derivative contracts. The BOE’s Financial Policy Committee said on Monday that after the UK’s withdrawal from the European Union, it will be ‘complex and difficult’ for financial firms themselves to ...

Bloomberg Two months after suspending masala bonds sales by local issuers, India lifted restrictions on issuance. That was the easy part. Masala bonds, or rupee-denominated debt securities sold abroad, are still subject to caps on pricing and tenor. Issuers must also compulsorily seek approval from the Reserve Bank of India (RBI) before every sale—constraints that may keep issuance from picking ...