Bloomberg If history is a guide, the recent rough ride for Indian stocks will continue after Monday’s budget. The S&P BSE Sensex index has climbed in the month after budget day on only two of the past seven years since Prime Minister Narendra Modi came to power, while falling or staying rangebound on other occasions. Risks are compounded in 2021 …

Bloomberg Bank of America Corp. (BofA) increased margin requirements to 100% for wealth-management and self-directed brokerage clients to trade certain stocks, as firms impose limits amid wild price swings sparked by investors on social media. The margin requirements apply to Merrill Lynch wealth-management clients and individual traders using the Merrill Edge platform, according to Bank of America. Margins for stock …

Bloomberg The World Bank has committed $12 billion to African countries to support vaccination programs across a continent that hasn’t been able to keep pace with developed nations’ rollouts. The World Bank money will be in the form of grants or on “highly concessional terms,” said David Malpass, president of the World Bank, in a statement following a virtual meeting …