China’s one-year interest-rate swap rose by the most in five years as the central bank refrained from adding funds to the financial system to ease a cash squeeze, causing demand to fall at a government debt auction.
An Indian Finance Ministry panel has recommended easing foreign investment rules in more than a dozen industries to help fund a record current-account gap, according to three government officials with knowledge of the matter.
Overseas funds are raising holdings in India’s state-controlled companies to a two-year high as Prime Minister Manmohan Singh’s government sells stakes and attracts investments to revive the weakest economy in a decade.
Liberty Global Plc made a preliminary bid for Kabel Deutschland Holding AG, pitting the cable company controlled by John Malone against Vodafone Group Plc for control of Germany’s largest cable provider.
Currency strategists from Barclays Plc to Deutsche Bank AG are telling investors to sell the yuan, this year’s best-performing emerging-market currency, as growth slows in the world’s second-largest economy and inflows wane.
State Bank of India, the nation’s largest lender, said profit from sale of investments will see a “substantial” jump after the rupee’s plunge prompted the company to accelerate selling its government debt holdings.
Croatia’s government is doing what’s necessary to return to economic growth for the first time since 2008 as the Balkan nation gears up to become the European Union’s 28th member, central bank Governor Boris Vujcic said.