Bloomberg China’s central bank has joined the global conversation on managing the risks of climate change, saying it’ll study the impact on the financial sector and regulatory framework. A warming climate is a “major factor” that could cause changes to economic and financial systems, and global central banks should stay ahead of the curve to respond to possible impacts, Chen ...

Bloomberg The bounce in India’s rupee that’s made it the top performer among major Asian economies is failing to win over traders. The currency has risen about 1% in the past month after falling by as much 1.2% in October and November. Traders say the fillip provided by a one-off corporate inflow of about $6 billion in recent weeks and ...

Bloomberg Lenders to an Indian shadow bank at the center of an industry crisis since it started defaulting three months ago have called for binding bids from potential rescuers by mid-January, people familiar with the matter said. Altico Capital India Ltd. is one of the latest caught up in the nation’s shadow banking crisis, which has deepened as lenders already ...