Bloomberg China’s top leaders said they will exercise more flexibility in monetary and fiscal policy, signaling a greater focus on reviving an economy pummelled by the virus outbreak. Fiscal policy will be more proactive, while construction projects will be accelerated, according to a statement issued after a Politburo meeting chaired by President Xi Jinping on February 21. The central bank ...

Bloomberg Ride-hailing firm Grab Holdings Inc reversed its decision to cease a driver incentive programme in Singapore following a backlash from drivers who are worried about their earnings during the coronavirus outbreak. The move comes after Grab unexpectedly told its driver partners it would replace existing incentive programmes with a new government-backed virus aid package. Grab’s so-called “Super Steady Streak” ...

Bloomberg An Indian government investigation hasn’t found any significant financial irregularities in the operations of the Indiabulls group, according to people familiar with the matter. The companies’ shares jumped. The registrar of companies in its third inspection report has said all transactions between various units of the group have been at arms’ length, the people said, asking not to be ...