New Delhi / Bloomberg Asia needs to take a leadership role in the global economy that reflects the continent’s growing clout, International Monetary Fund Managing Director Christine Lagarde said. Asian officials should keep monetary policy supportive, while using fiscal policy to boost growth and macro-prudential measures to protect financial stability, Lagarde said in a speech on Saturday in New Delhi. …

New Delhi / AFP India’s central bank chief on Saturday said “new rules of the game” were needed for monetary policy-making, arguing that greater oversight was crucial in an increasingly integrated global economy. Central banker Raghuram Rajan proposed a traffic light-style system whereby a central bank’s policies could be rated red, orange or green depending on their level of harmful …

Hong Kong / AFP Ratings agency Moody’s downgraded its outlook for Hong Kong on Saturday, citing increasing political riskiness and closer economic ties with China, which is facing a growth slowdown. Moody’s changed Hong Kong’s outlook from “stable” to “negative” as the semi-autonomous city continues to reel from political unease following mass pro-democracy protests in 2014. The city saw violent …