Bloomberg India’s largest private lender is expecting a calmer year for bond yields in 2023, which will make it harder for traders to prosper after global volatility seen last year. With the end of the rate-hike cycle near, there should be much more stability in yields, with large volatility likely behind us and the amplitude of future swings much …

  Bloomberg Pakistan increased its benchmark interest rate by 100 basis points, to the highest in more than 24 years, as the economy grapples with raging inflation, supply shortages, dwindling currency reserves and stalled foreign financing. State Bank of Pakistan raised the target rate to 17%, a move expected by 25 of 43 economists in a Bloomberg survey. The majority …

  Bloomberg Barclays appointed John Kingman to replace Crawford Gillies as chair of Barclays UK, one of a number of board changes the bank is making as two of its long-standing directors step down. Kingman, who is chair of Legal & General Group Plc and whose former roles include positions at the UK Treasury and Rothschild, will join the board …