Bloomberg The Indian rupee declined to a new record low and stocks slid as global risk-off sentiment spurred by expectations of aggressive Federal Reserve tightening weighed on emerging-market assets and stoked fears of more equity outflows. The local currency slid as much as 0.6% to 78.2825 per dollar on Monday, after having hit a series of lows in recent …

  Bloomberg Bitcoin continued its selloff into Asia’s on Monday morning as part of broader declines in cryptocurrencies after a sharp rise in US inflation triggered risk-off sentiment. The world’s largest digital token tumbled as much as 6.4% to $25,593, its lowest level since May 12, in a seventh day of losses. Ether declines as much as 9% to $1,342.32. …

Bloomberg Saudi Telecom Co., the most profitable mobile operator in the Middle East, will increase its capital by 30 billion riyals ($8 billion) through the issuance of bonus shares. The stock rises. The company, which is controlled by the kingdom’s sovereign wealth fund, plans to issue 1.5 bonus shares for every existing share, through capitalising retained earnings, according to a …