Bloomberg Indian oil producers Oil and Natural Gas Corp and Oil India Ltd gained as the government was said to have allowed refiners to raise the price of kerosene each month for 10 months, reducing the burden of subsidies. ONGC rose as much as 6 percent to 241.55 rupees, the highest on an intraday basis in six months, and …

  Bloomberg Japan cut its forecasts for growth and inflation as two key advisers to Prime Minister Shinzo Abe urged coordinated stimulus from the government and the central bank to support the ailing economy. Current thinking in the government is for a fiscal package of about 10 trillion yen ($96 billion), according to people familiar with the discussions. Koichi Hamada …

  Bloomberg The offshore yuan pared gains as a slide in imports prompted speculation that China’s central bank will ease monetary policy to boost consumer demand. A third monthly decline in exports also damped sentiment, showing the limitations of China’s strategy of boosting shipments by weakening the yuan against the exchange rates of its trade partners. The yuan earlier surged …