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Technology rally lifts US stocks as Treasuries slip

Bloomberg US stocks bounced back from the worst week of the year, as the latest retail-sales data boosted confidence that the economy isn’t headed for a downturn. Treasuries slipped and the dollar held steady. The S&P 500 rose for the first time in six days, while the Nasdaq 100 jumped after Nvidia agreed to a deal and Apple was upgraded. ...

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Sensex advances as India sets date for national polls

Bloomberg Indian stocks rose, with the benchmark equity index climbing to a more than five-month high, after the election commission set a date range for national polls, and said the result will be unveiled on May 23. The S&P BSE Sensex advanced 1 percent to 37,054.10, its highest close since September 19. The gauge rose 1.7 percent last week for ...

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India’s RBI faces trouble getting banks to cut rates

Bloomberg Indian lenders haven’t fully passed on the central bank’s latest interest rate cut to borrowers, pressuring the monetary authority to loosen policy even more to support economic growth. A mismatch between deposits and credit growth, and competition from the government for small-savings mean banks face a high cost of capital, limiting their ability to transmit monetary policy easing. Bankers ...

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