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Bloomberg Indian equities joined Monday’s sell-off across risk assets amid worries that a fresh spat between the US and China may delay the widely-anticipated trade truce between the world’s two biggest economies. The S&P BSE Sensex declined 0.9 percent to 38,600.34 at the close in Mumbai, falling for a fourth consecutive session, its longest losing streak since February. The NSE ...

Bloomberg Chinese tech and telecom stocks were the hardest hit on Monday as two tweets from US President Donald Trump soured the outlook on trade talks and sent global markets plunging. A gauge of information technology stocks dropped 5.8 percent, the most since July 2015, leading the MSCI China Index lower. Telecom equipment maker ZTE Corp tumbled as much as ...

Bloomberg China’s banking regulator has told the nation’s major lenders to accelerate recognition of nonperforming loans, as officials seek to bolster the quality of lending, according to people familiar with the matter. The China Banking and Insurance Regulatory Commission in recent weeks used so-called window guidance to inform banks with nationwide operations that they must classify corporate loans overdue for ...

Bloomberg For the first time since Philip Lowe took the helm of Australia’s central bank in September 2016 there’s a real chance he may cut interest rates, making him the first in the developed world to do so this cycle. Economists and markets are both split on whether the Reserve Bank will cut at Tuesday’s meeting, with the highest odds ...

Bloomberg Troubles among India’s non-bank financiers will persist for at least a year even if the danger of a full-blown financial crisis has passed, according to the head of the nation’s most valuable bank. Tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s non-bank financial firms following last year’s defaults by Infrastructure Leasing ...

Bloomberg Pakistan appointed International Monetary Fund economist Reza Baqir as its central bank governor amid sweeping changes across the nation’s key finance and economic posts as the government negotiates for a crucial bailout from the global fund. Baqir was appointed to run the State Bank of Pakistan for a three-year term shortly after former governor Tariq Bajwa and Federal Board ...

Bloomberg Federal Reserve Chairman Jerome Powell, who pledged early in his tenure to speak in “plain English” and improve the central bank’s public communications, is finding it tough to deliver a clear message. In the latest of several reversals, Powell dismissed the recent deceleration in prices as likely “transitory,” six weeks after he described low inflation as “one of the ...

Bloomberg South Africa’s banks should be forced to invest in new coal mines in the country, the ruling African National Congress’s head of economic transformation said. Nedbank Group Ltd. and Standard Bank Group Ltd. have said “they are not going to put money in coal any more,” Enoch Godongwana said in an interview on Ca- rte Blanche, a Johannesburg-based investigative ...

Bloomberg Boeing Co knew months before a deadly 737 Max crash that a cockpit alert wasn’t working the way the company had told buyers of the single-aisle jetliner. But the planemaker didn’t share its findings with airlines or the Federal Aviation Administration until after a Lion Air plane went down off the coast of Indonesia in October, according to a ...

Bloomberg An Aeroflot PJSC plane on a domestic Russian flight made a fiery emergency landing at Moscow’s Sheremetyevo Airport, killing 41 people. Flight SU1492 to Murmansk, a Sukhoi Superjet, suffered an engine fire after technical problems forced it to return to Moscow, Aeroflot said in a statement. The plane, with 73 passengers and five crew members aboard, made a hard ...