Bloomberg Emerging-market bonds were supposed to be dragged down this year as central banks moved towards withdrawing stimulus. Instead, the best-performing global debt was all from developing nations. Sovereign bonds issued by South Africa, China, Indonesia, India and Croatia topped the rankings of 46 markets around the world in 2021, according to data compiled by Bloomberg through last week. …

  Bloomberg RBL Bank Ltd shares plunged after a decision by India’s central bank to appoint a new director to the board raised concerns about the outlook for small private-sector lender. The stock dropped as much as 25% in Mumbai on Monday, the biggest decline since listing in 2016. It later pared the retreat to about 13% as of 1:15 …

  Bloomberg The world economy is set to surpass $100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research (CEBR). Global gross domestic product will be lifted by the continued recovery from the pandemic, although if inflation persists it may be hard for policy makers to avoid …