Bloomberg The Federal Reserve said it will begin buying $60 billion of Treasury bills per month to improve its control over the benchmark interest rate it uses to guide monetary policy after turmoil rocked money markets in September. The central bank, in a statement, stressed that “these actions are purely technical measures to support the effective implementation” of interest-rate policy ...

Bloomberg China’s central bank has clarified the definition of standard assets in the nation’s $14.1 trillion investment-product industry as it moves toward an enforcement deadline. The People’s Bank of China (PBOC) published draft rules to define what qualifies as standard credit assets. These assets refer to fixed-income securities, including government bonds, central bank bills, corporate bonds, debt financing instruments of ...

Bloomberg The World Bank cut India’s economic growth forecast by the most among South Asian nations on Sunday, below the outlook pegged by the nation’s central bank for this year, mainly because of a deceleration in domestic demand. India’s gross domestic product growth is projected at 6% in the fiscal year started on April 1, compared with 7.5% forecast in ...