New Delhi / Bloomberg Infosys Ltd. forecast better-than-expected sales growth this fiscal year, as India’s second largest software exporter captures new contracts for information technology services. Sales will rise between 11.8 percent and 13.8 percent in US dollar terms for the 12 months ending March, the Bangalore-based company said. That compares with the 10.5 percent to 12.5 percent median ...

  Beijing / AFP China’s finance minister accused international credit-rating companies of ‘bias’ against the country after Standard & Poor’s Rating Services and Moody’s Investors Service lowered their sovereign outlooks on the world’s second-largest economy. “Historically, the market performance of most of China’s sovereign debt was higher than the assessment of the credit-rating agencies,” Lou Jiwei said at a press ...

  Sydney / Bloomberg The Australian federal government’s debt pile is set to increase further without measures to boost revenues, Moody’s Investors Service said. Spending cuts set to be outlined in the May 3 budget “may be modest” and with Treasurer Scott Morrison having excluded steps to bolster income, these “limited” reductions are unlikely to meaningfully advance the government’s aim ...