Hong Kong stocks climbed after the government suspended a controversial extradition bill that spurred some of the city’s biggest protests in decades.
One of China’s biggest state-owned infrastructure companies excluded UBS Group AG from a bond deal after the bank’s global chief economist sparked a furor with his use of the phrase “Chinese pig,” people familiar with the matter said.
India’s bond rally is predicted to stall as investors turn jittery about the government’s fiscal discipline before next month’s federal budget.
Deutsche Bank AG is considering setting up a bad-bank unit that could eventually hold as much as 50 billion euros ($56 billion) of risk-weighted assets, the Financial Times reported, citing people familiar with the matter.
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