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  Bloomberg India’s retail inflation slowed below 6% for the first time in 2022 amid cooling global commodity prices and higher borrowing costs, providing reprieve for policymakers. The consumer price index rose 5.88% from a year earlier, according to data released by the Statistics Ministry on Monday. That’s slower than a median estimate for a 6.35% gain in a Bloomberg ...

Bloomberg The strains in South Korea’s credit market showed further signs of easing, with short-term borrowing costs falling for the first time in 20 months on Monday. Yields on three-month commercial paper — which companies use to raise funds for short-term payments like payroll — dropped a basis point in Seoul, which means conditions are improving. That would be the ...

Bloomberg Group of Seven leaders were expected to hold a virtual meeting hosted by German Chancellor Olaf Scholz, according to a public itinerary for Canadian Prime Minister Justin Trudeau. The leaders are likely to discuss topics including support for Ukraine against Russia’s military assault. It wasn’t immediately clear whether all G7 leaders would participate. Trudeau’s government imposed a fresh round ...

Bloomberg Demonstrations in Peru left one person dead, while a Congressional debate on proceedings against former President Pedro Castillo was suspended. Peru’s National Police (PNP) said in a statement one person died during clashes with the officers at the city of Andahuaylas’ airport. Demonstrators occupied the airport, preventing dozens of policemen and workers from leaving the control tower. A policeman ...

Bloomberg Members of a House panel discussed urging criminal prosecutions against aides and allies of former President Donald Trump for the January 6 attack on the US Capitol, and adjourned without announcing any decisions. Presentations for referrals were made and other topics were also discussed at the virtual meeting, according to multiple people familiar with the talks. A committee spokesman ...

  Bloomberg Brazil’s outgoing President Jair Bolsonaro appeared twice in public over the weekend though he made no public comments ahead of the certification of Luiz Inacio Lula da Silva’s election victory. Bolsonaro prayed in front of supporters standing in the Alvorada Palace in Brasilia. Chants of “legend” rang out from a crowd holding signs saying “the court is the ...

Bloomberg South African lawmakers will decide whether to institute impeachment proceedings against President Cyril Ramaphosa, three days before the governing party meets to consider re-electing him as its leader. Ramaphosa’s political future was cast into doubt on November 30, when an independent panel found he may have violated the constitution because of the way he handled the theft of at ...

  Bloomberg China described its meeting with US envoys that included talks on Taiwan as “in-depth and constructive,” a sign Beijing and Washington are taking steps to cool tensions. Vice Foreign Minister Xie Feng met Assistant Secretary of State for East Asian and Pacific Affairs Daniel Kritenbrink and National Security Council Senior Director for China and Taiwan Laura Rosenberger, Foreign ...

Bloomberg Credit Suisse Group AG lost two senior executives in China and Italy, adding to a string of departures as the troubled Swiss lender embarks on a comprehensive restructuring. Carsten Stoehr, chief executive officer of Greater China, is leaving Credit Suisse effective from December 15, according to an internal memo that was confirmed by a Hong Kong-based spokeswoman. He had ...

  Bloomberg Availability of credit as central banks hike interest rates along with the ability of Indian corporates to tap capital markets to raise funds will be key to driving growth in the local deal market, Amitabh Malhotra, head of global banking for HSBC India, said. “Indian companies are very robust in terms of their balance sheets, so I feel ...