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Foreign investors welcomed

Beijing: China lifted some restrictions on foreign investment in the financial sector as the world’s se­cond largest economy fights slo­wing growth at home and a dama­ging trade war with the United States.

Rating agencies knew of stress at India's IL&FS, but gave good ratings

MUMBAI/NEW DELHI: Credit rating agencies for years assigned high ratings to India's Infrastructure Leasing & Financial Services (IL&FS) and its group companies despite its deteriorating financial health, according to a special audit conducted by Grant Thornton India.

EU to scrap financial market access for some countries in Brexit warning shot

LONDON/BRUSSELS: The European Union is set to block some countries from accessing parts of the bloc's financial market for the first time, an EU document seen by Reuters showed, a step that will ring alarm bells in Britain in the run up to Brexit.

Instant View: Mexico's finance minister quits, deputy named successor

MEXICO CITY (Reuters) - Carlos Urzua resigned as Mexico's finance minister on Tuesday, a blow to the government of President Andres Manuel Lopez Obrador, who named a well-regarded deputy minister to replace him.

India plans US$10bil bank recapitalisation

MUMBAI: The Indian government has announced a fresh capital infusion of about US$10bil into debt-burdened state banks and credit guarantees to support shadow lenders in a bid to boost lending and revive the economy.