Bloomberg Business

India Protests New China Map Claiming Territory Before G-20

New Delhi lodged a diplomatic protest with Beijing over the publication of an official map that shows China claiming Indian territory in the Himalayas, a sign that tensions over a border dispute are simmering before a major summit next month.

China Moves to Stabilize Finances of Troubled Shadow Bank

China has asked two of the nation’s biggest financial firms to examine the books of Zhongrong International Trust Co., potentially paving the way for a state-led rescue of the troubled shadow lender, according to people familiar with the matter.

Italy’s Meloni Softens Rhetoric on Banks, Says China Ties Solid

Italian Prime Minister Giorgia Meloni softened her tone on plans to impose a windfall tax on banks and on her right-wing administration’s activism in the corporate arena, after a series of recent moves called into question her business-friendly approach.

Leading BOJ Hawk Broaches Possibility of Early 2024 Rate Hike

One of the Bank of Japan’s leading advocates for unwinding monetary stimulus indicated the central bank might attain its long sought-after goal of reaching 2% inflation by early next year, a development that he said could pave the way for an interest rate increase.

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