Bloomberg India’s troubled shadow bank Infrastructure Leasing & Financial Services Ltd., whose recent debt defaults sparked concern about contagion in the nation’s financial markets, has sought shareholder’s approval for a plan to revive the firm at the company’s annual general meeting on Saturday. The management aims to bring the group back to normalcy by selling shares through a rights issue, ...

Bloomberg China will maintain a neutral and stable monetary policy while also assuring reasonable and ample liquidity, the People’s Bank of China said in a statement on Saturday. China’s overall exchange rate and market expectations are stable, the bank said at its third-quarter meeting. The nation will continue to deepen its financial system reform, the PBOC said in its statement. ...

Bloomberg UK inflation pressures are likely to pick up even if the Bank of England’s forecasts for wage growth and productivity gains aren’t met, according to Deputy Governor Dave Ramsden. In a speech in London, Ramsden said that he’s on board with BOE’s collective view that limited and gradual increases are needed to control inflation. Labour market tightness and rising ...