India’s smallest companies are trailing its biggest corporations by the most since 2008 in the stock market, feeding pessimism about the central bank’s ability to boost economic growth from the weakest pace in a decade.
Developing nations around the world are scaling back or canceling billions of dollars of bond sales as borrowing costs climb the most since 2008, just as spending needs increase amid slowing economic growth.
Oscar Gruss & Son Inc., the New York brokerage that traces its origins to Poland almost a century ago, will sell itself for a “nominal” price to two employees as trading slows, Chief Executive Officer Michael Shaoul said.
Asian equity futures rose, tracking a rebound in U.S. stocks after better-than-estimated data bolstered the outlook for the world’s largest economy and concern over China’s cash crunch eased. Crude oil fell the first day this week and copper futures declined.