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Indian Refinancing of Non-Rupee Loans at Three-Year Low: Chart

Indian companies are rolling over the smallest amount of foreign-currency syndicated loans in three years after interest rate hikes by the Federal Reserve pushed borrowing costs to an almost nine-year high. The three-month London interbank offered rate climbed to 1.36 percent this month while refinancings by Indian firms have fallen

Typhoon Hato kills 12 in Macau and southern China

Thousands evacuated, flights cancelled and schools closed after the storm triggers Hong Kongs most severe warningTyphoon Hato has killed at least 12 people after it tipped across southern China on Wednesday, battering Hong Kong skyscrapers, flooding streets and forcing thousands to flee to shelters. Hato triggered Hong Kongs most severe