India Rate Setter Asks RBI to Talk Clearly for Greater Good
An outspoken member in India’s rate-setting body has criticized the central bank of being non-transparent about its policy intent and confusing the public with technicalities.
Bloomberg Business
RBA Worries Selling Down Bonds May Hurt Stimulus Efforts of Easing
Australia’s central bank is concerned that actively selling down bonds bought during the pandemic could compromise future efforts to stimulate the economy via quantitative easing, documents released under a Freedom of Information Act request by Bloomberg News showed.
A Five-Story Moët Hennessy Cocktail Bar Is Opening in Paris
Cravan could be the first of many for the spirits and wine division of LVMH.
Goldman-Backed Trader InCommodities Reports 840% Jump in Profit
InCommodities A/S, a Danish trading firm backed by Goldman Sachs Group Inc., reported a ninefold increase in profit last year as it benefited from record price volatility triggered by the energy crisis.
PwC Australia Seeks to Sell Embattled Unit to Allegro: AFR
PricewaterhouseCoopers’ Australia unit is seeking to sell the government consulting operation at the center of a tax scandal to Allegro Funds, the Australian Financial Review reported.
Japanese Stocks Fall, Nikkei 225 Snaps 10-Week Winning Streak
Japanese stocks fell as some of the best-performing shares this year led losses amid expectations domestic pension funds will pare positions to rebalance their portfolios before the quarter ends.
Tycoon Mistry’s Firm Set to Sell India’s Biggest Low-Rated Bond
An Indian property firm is set to sell the country’s biggest ever low-grade local-currency bond next week, a rare offering in a market dominated by corporate debt with top credit ratings.
Qatar’s Wealth Fund to Buy Stake in NBA’s Washington Wizards
In a first for US sports, Qatar’s sovereign wealth fund has struck a deal to buy a stake in a company that owns a trio of franchises, including the National Basketball League’s Washington Wizards, according to a person familiar with the situation.
Shipping Billionaires’ Family Office Retools Team After Windfall
The family office of the billionaire Saade shipping clan is rearranging top management as it deals with a pandemic windfall.
South Korea’s $1.9 Trillion Stock Market Has to Wait Longer to Enter MSCI’s Big Leagues
Global index provider MSCI Inc. decided to retain South Korea on its list of emerging markets following an annual review, once again thwarting the nation’s bid for an upgrade to the coveted developed-market status.
