Bloomberg Pressure is building for interest-rate cuts that could push emerging economies into a quagmire of runaway inflation and currency weakness. That’s because average real yields in emerging markets may have already turned negative, if first-quarter inflation projections are any indication. Even bigger economies such as India, Taiwan and Turkey offer bond returns below price growth, leaving little room for ...

Bloomberg State Bank of India (SBI) said it will immediately invest 24.5 billion rupees ($332 million) in Yes Bank Ltd. as part of a central bank-backed rescue plan for the embattled lender. SBI, the country’s largest bank, won’t ask the federal government for capital to fund the rescue and may instead work with other investors, Chairman Rajnish Kumar told reporters ...

Bloomberg Global central banks have no room to fight the crisis caused by the coronavirus outbreak, according to Deutsche Bank AG. “Policy failure is here,” George Saravelos, bank’s global head of currency research, wrote in a note. “We disagree with central bank pronouncements that there is room to fight the crisis.” Market turmoil around the world deepened, as growing fears ...