New Delhi / AFP The popular governor of the Reserve Bank of India, Raghuram Rajan, will step down when his term ends in September to return to academia, he wrote in a letter to colleagues published on the central bank’s website on Saturday. Speculation has been rife in the Indian media about whether the former IMF chief economist intended to …

  Beijing / Bloomberg Alibaba Group Holding Ltd.’s financial affiliate is planning to purchase a 20 percent stake in Thailand’s Ascend Money in a bid to become a key financial services player in Southeast Asia. Zhejiang Ant Small & Micro Financial Services Group, known as Ant Financial and controlled by Alibaba co-founder Jack Ma, also wants an option to increase …

  Tokyo / AP Mitsubishi Motors is giving 100,000 yen ($960) to each Japanese owner of its car as a compensation for inflated mileage and extra gas costs. The Japanese automaker said Friday it will take a 50 billion yen ($913 million) charge to cover mileage-rigging expenses, including for the eK minicar models sold in Japan since 2013, and also …