Bloomberg State Bank of India, the country’s largest lender, has selected underwriters for an institutional share sale that could raise at least 100 billion rupees ($1.4 billion), people with knowledge of the matter said. The government-run lender picked Bank of America Corp, CLSA Ltd and HSBC Holdings Plc to arrange the offering, according to the people, who asked not to …

Bloomberg The People’s Bank of China (PBOC) is expected to continue to cut the amount of cash that banks must hold as reserves further in 2019 while keeping interbank borrowing costs largely steady even amid tightening US Federal Reserve policy, according to a survey. As part of efforts to shore up the slowing economy, the central bank will cut the …

Bloomberg Cryptocurrencies dropped as Bitcoin gave up the $4,000 level it’s hovered around since the start of the year. The largest digital currency slumped as much as 6.2 percent in the European morning, erasing an earlier small gain to trade at $3,785.17 at 9:28 am in London. The Bloomberg Galaxy Crypto Index, a gauge of the largest cryptocurrencies, fell 7.7 …