New Delhi / Bloomberg India just ushered in an interest-rate cut, via the backdoor. Although paying postal-savings depositors slightly less for their cash may appear a minor tweak, the move could end up having a bigger salutary effect on bank balance sheets, and the country’s nervous bond market, than the Reserve Bank of India’s 125 basis-point reduction since early 2015. ...

Beijing / DPA Nepal Prime Minister KP Sharma Oli will meet China’s President Xi Jinping and his counterpart Li Keqiang on Monday, while witnessing the signing of several agreements between Nepal and China. Nepali officials have set their sights on signing of Transit and Transportation Agreement with China that will pave the way for Nepal to use the nearest Chinese ...

Bangkok / AFP Thailand’s 4G expansion was thrown into disarray on Monday after a telecoms company that beat more established rivals at an auction last year failed to meet its first payment deadline, voiding the bid. The failure is a blow to the country’s junta who had earmarked money from the lucrative auctions for use in key infrastructure projects and ...