Bloomberg Australian bank investors got their first taste of what is set to be a horror earnings season, as National Australia Bank Ltd. (NAB) reported a 51% plunge in profit, slashed its dividend and embarked on a $2.24 billion capital raising. The early announcement — the lender wasn’t due to report until next week — has shareholders bracing for the …

Bloomberg Indian money managers are dumping corporate bonds as they struggle to meet redemptions after the biggest-ever forced closure of funds in the country last month. Even higher-rated debt is under pressure. Notes issued by government-backed lenders Punjab National Bank, Andhra Bank and Canara Bank were traded in the past few days at the highest yields in over a year …

Bloomberg The Bank of Japan (BOJ) said it’ll buy as many government bonds as it needs to and ramped up purchases of corporate debt, adding stimulus after the declaration of a nationwide state of emergency brought more shutdowns and heightened the need for financial support at struggling businesses. By ditching the guideline to increase holdings of government debt by around …