TCW Group Inc. said curbing inflation and deficits is a better way to buoy demand for rupee bonds than limiting investor access, after Governor Raghuram Rajan sought to shield India from a global emerging-market selloff.
Treasury Secretary Jacob J. Lew, scolded on the international stage last year for the U.S. debt- limit impasse, returns to Group of 20 talks positioned to play his job’s traditional role of chief promoter of faster growth and more jobs.
The world’s top finance officials meeting last month were trying to commit jointly to reducing debt until Mark Sobel, a mid-level U.S. Treasury official who rarely speaks in public, led the charge to kill the effort.
China filled out Premier Li Keqiang’s economic team, installing sovereign-wealth head Lou Jiwei as finance minister and retaining Zhou Xiaochuan as central bank chief as a once-a-decade power handover concluded.
China’s bond risk rose the most in a year in May and investors from Muddy Waters LLC’s Carson Block to Jupiter Asset Management Ltd. are seeking to profit from an economic slowdown as policy makers rein in debt.