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Bloomberg The bar is high for Asia’s most-popular destination of 2019 for overseas money even if Prime Minister Narendra Modi wins a second term in elections starting from Thursday. A survey of 21 global funds and strategists show most expect him to return, an outcome that may be baked into asset prices. With valuations already high, the disappointment if he ...

Bloomberg Senate Banking Chairman Mike Crapo said that he thinks the Federal Reserve should cut interest rates to boost growth, aligning him with President Donald Trump and his latest choices for the Fed board, Stephen Moore and Herman Cain. “I personally think that we’re at a point where they could be reduced a little bit now,” the Idaho Republican said. ...

Bloomberg UBS Group AG investors should reject the firm’s compensation report, shareholder adviser Glass Lewis said, citing high fines in a legal dispute and the generally lackluster performance of the bank’s shares. UBS had proposed a pay package that included 14.1 million francs ($14 million) in compensation for Chief Executive Officer Sergio Ermotti for last year. While that’s down slightly ...

Bloomberg Deutsche Bank AG came last in a ranking of European and US investment banks compiled by JPMorgan Chase & Co. because of ongoing concerns about trading revenue. Analysts led by Kian Abouhossein cut their forecasts for Deutsche Bank “mainly on lower trading revenue” as European lenders are set to report a weaker first quarter than their US counterparts, the ...

Bloomberg Shorting Canadian banks has long made for a poor bet by US hedge funds, and this time will be no different, according to Bank of Nova Scotia Chief Executive Officer Brian Porter. “US hedge funds, from time to time, have appeared in this country over the last 10 years with the same hypothesis of shorting Canadian banks, and it ...

Bloomberg Singapore meted out lengthy bans to convicted former HSBC Holdings Plc and United Overseas Bank Ltd. bankers for fraud and dishonest conduct. Emeline Tang, a former HSBC employee, was banned from providing any capital markets and financial advisory services for 20 years, the Monetary Authority of Singapore said in a statement on Wednesday. Former UOB employee Nguyen Duy Minh ...

Bloomberg Several of the best-known bankers in India’s financial capital, Mumbai, are striking out on their own after one of the most turbulent periods in decades for the country’s credit markets. The moves highlight how mounting strains in the country’s markets are reshaping traditional career paths. Banks have been in cost cutting mode as they grapple with one of the ...

Bloomberg The death of Hanjin Group Chairman Cho Yang-ho this week threatens to weaken his family’s grip on an aviation-to-logistics empire built over two generations. While the family is yet to disclose it, Cho’s eldest son Walter — president of the group’s Korean Air Lines Co and its parent — is seen by analysts as his natural heir. But South ...

Bloomberg Possible debris from a Japanese F-35A stealth fighter that crashed during an exercise over the Pacific Ocean has been found at sea in what would be the costly jet’s second crash in less than a year. The plane and its pilot, a man in his 40s, went missing about 135 kilometres off the Japanese coast after departing Misawa Air ...

Bloomberg The fate of debt-laden Jet Airways India Ltd, the country’s oldest surviving private airline, could be determined as soon as a creditor-imposed deadline for takeover bids runs out on Wednesday. Creditors led by State Bank of India had not received any bids for as much as 75 percent of Jet Airways, though that doesn’t mean that offers won’t come ...