Bloomberg India’s central bank kept borrowing costs at a record-low to ward off risks to economic recovery from the omicron variant, while sponging away excess liquidity to keep inflationary pressures at bay. The Monetary Policy Committee voted to keep the benchmark repurchase rate at 4%, as predicted by all 35 economists surveyed by Bloomberg. The six-member panel, which ...

  Bloomberg Shares of China’s biggest chipmaker and several of its largest pharmaceutical firms sank on Wednesday on fears that Washington will slap investment and export sanctions against more companies. Wuxi Biologics Cayman Inc tumbled a record 25% in Hong Kong before paring losses, while Sino Biopharmaceutical Ltd dropped 5% at the close. Semiconductor Manufacturing International Corp, (Smic) which is ...

  Bloomberg While US stocks fall ahead of what’s expected to be a hawkish Federal Reserve policy meeting, one investor just bet $65 million on a quick market rebound. The trade saw someone purchase roughly 20,000 call spreads that are linked to the S&P 500 and expire right before the Christmas holiday. The transaction involved selling calls with a strike ...