Bloomberg HSBC Holdings Plc and Standard Chartered Plc maintained their best lending rates Thursday even as the city’s monetary authority raised its base rate to keep pace with the Federal Reserve, a move that will likely stave off some pressure on homeowners and businesses for now. Hours after the Hong Kong Monetary Authority (HKMA) said it would raise its ...

  Bloomberg The Reserve Bank of India’s (RBI) intervention in the foreign-exchange market to protect the rupee that tested a series of record lows in recent months is pushing shorter rates to multi-year highs. The government’s borrowing costs for a three-month Treasury bill surged to the highest in three years at an auction. The weighted average call rate, an interbank ...

  Bloomberg Visa Inc said it will dole out annual raises for more-junior employees earlier as it seeks to help staffers battling once-in-a-generation levels of inflation. The payments giant will award the pay increases to employees at the level of senior vice president and below during its fiscal fourth quarter, which ends on September 30, Chief Financial Officer Vasant Prabhu ...