Bloomberg The Trump administration lifted its designation of China as a currency manipulator, saying the nation has made “enforceable commitments” not to devalue the yuan and has agreed to publish exchange-rate information. The change in the US stance was outlined in the US Treasury Department’s semiannual foreign-exchange report to Congress. The document was released two days before America and China ...

Bloomberg Michael Patra was appointed deputy governor of the Reserve Bank of India (RBI), beefing up the leadership of the institution at a time of economic and banking stress. Patra takes office for a period of three years from the date of joining or until further orders, according to a statement from the Appointments Committee of the Cabinet. He’ll be ...

Bloomberg UBS Group AG won an early release from a ban on sponsoring initial public offerings in Hong Kong, setting it up to once again broker deals in the world’s busiest market. The lifting of the ban comes after UBS “engaged and cooperated” with an independent 10-month review over its policies, procedures and practices, the Securities and Futures Commission said ...