Bloomberg India approved a plan to privatise IDBI Bank Ltd. as the government of Prime Minister Narendra Modi sells assets to narrow its budget gap. The government plans to sell all or part of its 45.5% stake in the lender, as well a state-owned Life Insurance Corp of India’s 49.2% ownership, according to a government statement. The sale envisages ceding ...

Bloomberg Citigroup Inc’s global chief economist, Catherine Mann, is leaving the bank after three years in the job. Mann, a prominent economist who joined the New York-based company in February 2018 from the Organisation for Economic Co-operation and Development, said by email that she has resigned from Citigroup, without elaborating. Gabriel Morales, a spokesman for Citigroup, confirmed her resignation. Mann ...

Bloomberg Foreign demand for a slice of Taiwan’s increasingly profitable companies is threatening to upend the central bank’s decades-old currency management policy. Central bank board member Chang Chien-yi told Bloomberg in a rare interview that the institution won’t be able to fight currency appreciation if the Taiwan dollar rises on economic fundamentals as the competitiveness of local industries improves. “The ...