Bloomberg Oil steadied after falling to a two-week low on signs of swelling American crude inventories, while heightened political tensions clouded the chances of a trade deal between the US and China. Futures held above $55 a barrel in New York after slumping 3.2% on Tuesday, the most since the end of September. Industry data showed crude stockpiles rose by …

Bloomberg The European Central Bank (ECB)warned of potential side effects from its loose monetary policy, highlighting how years of unprecedented stimulus designed to bolster the economy is contributing to an erosion of financial stability. Low interest rates have encouraged excessive risk-taking by investment funds and insurers as well as in some real estate markets, the ECB said in its semi-annual …

Bloomberg India’s central bank has unearthed more than $450 million in extra bad loans at Yes Bank Ltd, the lender that is contending with a shadow-banking crisis and concerns over soured debt and capital. Gross non-performing assets assessed by the Reserve Bank of India (RBI) were 32.77 billion rupees ($457 million) higher than Yes Bank had disclosed as of March …