Bloomberg As key engines of loan growth in the world’s fastest-expanding major economy, they once were investor favourites. But now traders won’t go near India’s shadow banks. About $22 billion has evaporated from a group of almost two dozen non-bank financial companies (NBFC) since August 31, before confidence was rocked. And investors aren’t rushing to get back in, according to ...

Bloomberg Unlike Southeast Asia, India isn’t seeing any investment gains as global trade tensions disrupt supply chains. Foreign direct investment in the third-largest Asian economy fell 7 percent in the nine months to December, signaling slowing investment before upcoming elections. FDI inflows into India during the period was $33.5 billion, lower than the $35.9 billion in the year-ago period. The ...

Bloomberg Hong Kong’s Financial Secretary Paul Chan will have a much smaller pile of cash to distribute than last year when he presents the annual budget on Wednesday, and a longer list of problems to address. The economy has slowed as the trading hub found itself wedged between the US-China standoff and the property market has come off its record ...