Bloomberg Indian stocks declined for a third day in holiday-thinned trading as the threat of slower global growth and its impact on corporate earnings added to uncertainty at the end of a tough year. The S&P BSE Sensex dropped 0.8 percent to 35,470.15 in Mumbai, with bulk of the losses coming in the last hour of the session. Volumes were ...

Bloomberg Financial-market turbulence is supposed to be a good thing for Wall Street trading desks — not so this quarter. Banks are struggling to capitalise on tumult across stock, bond and currency markets, in part because many investors are staying on sidelines as year-end approaches. Another culprit: dramatic but short-lived swings in asset prices that are striking some of their ...

Bloomberg Rwanda’s central bank set out more stringent capital requirements for financial-services companies in the East African nation and announced a change in its monetary-policy framework to better accommodate the country’s requirements. Commercial banks need 20 billion francs ($23 million) of paid-up capital, four times the current requirement of 5 billion francs, while development lenders will need 50 billion francs, ...