Asian countries seek to boost oversight on rating agencies

SINGAPORE: Asian countries, including India, today discussed efforts being initiated to bring down their "mechanistic" reliance on credit ratings and to strengthen oversight of rating agencies.

Osborne RBS Decision Seen Weighing on Legacy as U.K. Chancellor

George Osborne is about to take a decision that will help determine his legacy. While the fastest growth since 2010 is boosting voter confidence in his stewardship of the U.K. economy, his ruling on the future of Royal Bank of Scotland Group Plc may yet mar that achievement.

India raises interest rates for the second month running

India's new central bank governor has raised interest rates for the second consecutive month by a quarter of one percent to 7.75% to try to fight inflation.

Banks in Spain, France and Italy sell govt bonds in Sept: ECB data

FRANKFURT: Spanish, Italian and French banks offloaded some of their government bonds in September, European Central Bank data showed on Friday.

Thai Central Bank Cuts Growth Forecast, Rules Out More Stimulus

The Bank of Thailand said risks to financial stability, including high levels of household debt, have reduced the scope for further monetary easing, even as it cut its growth forecast for the second time this year.