Industrial & Commercial Bank of China Ltd., the world’s most profitable lender, and its three largest local rivals are set to post the slowest earnings growth since 2010 as China’s economy falters and bad loans jump.
Offshore rupee forwards advanced the most in two weeks after the Reserve Bank of India said the nation’s economic and monetary policies must focus on preserving financial stability as the U.S. prepares to cut stimulus.
Philippine central bank Governor Amando Tetangco is prepared for volatility in local markets after flooding led to a three-day trading suspension while regional stocks sank to one-year lows and currencies weakened.
Sharp Corp. will delay a plan to raise about 100 billion yen ($1 billion) from public and private share sales because of concern with the company’s growth prospects, two people with knowledge of the matter said.
The ringgit has weakened too much for an economy that’s set to perform better in the coming months, Malaysia’s planning minister said as a regional markets rout pushed the currency to a three-year low this week.