BLOOMBERG India will spend about 980 billion rupees ($12 billion) over the next two years on airports, with airline orders for hundreds of new planes to meet resurgent travel demand putting pressure on existing infrastructure. The world’s fastest-growing aviation market aims to boost the number of airports to 220 by 2025 from the current 148, for which private builders will ...

BLOOMBERG Chinese banks kept their benchmark lending rates unchanged on Monday despite the central bank’s surprise easing action last week, with economists betting there could be scope for lower rates in coming months. Lenders held the one-year loan prime rate at 3.65% and left the five-year rate, a reference for mortgages, flat at 4.3%, according to a statement released by ...

BLOOMBERG The Bank of Japan (BOJ) indicated a cautious stance towards pivoting from massive easing before achieving its inflation target, helping cool market speculation over any big monetary policy shift at the start of incoming governor Kazuo Ueda’s term. “The risk from a hasty policy change that could lead to missing a chance of such achievement should be considered as ...