Bloomberg Chinese policymakers prepared to shore up financial markets, which are bracing for a sell-off when trading re-starts on Monday. The People’s Bank of China (PBOC) and other regulators announced a slew of targeted measures over the weekend aimed at calming financial markets and helping companies, banks and individuals hurt by the viral pneumonia outbreak. The central bank will supply ...

Bloomberg Malaysia can expect half of its banking assets to be Islamic by 2030 as the industry’s growth outpaces conventional banking, according to a lenders’ association. Loans that comply with the religion’s ban on interest is set to increase by 10% to 15% annually over the next five years, outpacing the 5% to 7% growth seen for non-Islamic loans, said ...

Bloomberg State Bank of India (SBI) posted its biggest ever quarterly profit as it wrote back provisions on bad loans and recoveries improved. Net income rose to 55.8 billion rupees ($782 million) in the three months ended in December from 39.6 billion rupees a year earlier. That’s broadly in line with the 58.7 billion rupee average of analysts’ estimates compiled ...