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India Sensex posts best run in 3 months

Bloomberg India’s benchmark stock index posted its longest winning streak in more than three months after Wipro Ltd boosted investor optimism with earnings that beat all estimates. In a volatile trading session that saw it pare gains multiple times, the S&P BSE Sensex Index rose 0.2% to 38,598.99 in Mumbai. That marked a fourth day of gains and its longest ...

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Bank of Korea warns of weaker growth after cutting rates again

Bloomberg South Korea’s central bank warned that economic growth would be weaker than forecast after cutting its policy rate for the second time this year as a global downturn pummels exports and weighs on prices. The move comes amid a wave of rate cutting by central banks around the world to shore up growth and highlights the sense of urgency ...

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BofA deal fees surge in sign of investment banking turnaround

Bloomberg Bank of America (BofA) Corp posted the biggest jump in investment-banking fees on Wall Street, helping profit overcome headwinds from lower interest rates. Third-quarter debt underwriting fees unexpectedly surged 19% and the firm’s fixed-income traders eked out a slight increase, pushing profit above analysts’ estimates. Its gains in advisory fees also surpassed rivals in the best quarter for the ...

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