Bloomberg News

12 hours ago | bloomberg.com | Fiona MacDonald |Mirette Magdy

Residential and commercial buildings in Cairo, Egypt. (Bloomberg) -- Kuwait is in advanced discussions to convert $4 billion of deposits held in Egypt’s central bank into investments in the country, another boost for the Middle East’s most populous nation as it rebounds from the worst economic crisis in decades.

14 hours ago | bloomberg.com | Advait Palepu

An AXIS Bank branch in Mumbai, India. (Bloomberg) -- Axis Bank Ltd plans to raise 200 billion rupees ($2.3 billion) through a share sale as part of a bigger capital raise that includes debt. The Mumbai-based bank plans to raise 350 billion rupees ($4.1 billion) through local rupee bonds or foreign currency bonds, Additional Tier-1 bonds, infrastructure bonds and other debt, the bank said in an exchange filing Thursday.

15 hours ago | bloomberg.com | Ntando Thukwana

Lesetja Kganyago(Bloomberg) -- South Africa’s central bank Governor Lesetja Kganyago said that lower oil prices have helped drive inflation in the country to a multiyear low and would probably continue to do so. “We still think that the next print might still have a 2-handle to it, but the environment is uncertain,” Kganyago told Bloomberg Television Thursday in Washington, on the sidelines of the International Monetary Fund and World Bank Spring Meetings.

16 hours ago | bloomberg.com | Alastair Gale |Haze Fan |Yoshiaki Nohara |Sakura Murakami

The Tokyo skyline. Photographer: Akio Kon/Bloomberg(Bloomberg) -- Japan intends to push back against any US effort to bring it into an economic bloc aligned against China because of the importance of Tokyo’s trade ties with Beijing, according to current and former Japanese government officials. Like many other countries, Japan is trying to get permanent relief from President Donald Trump’s tariffs by addressing US concerns in areas of bilateral trade, including automobiles and agriculture.

17 hours ago | bloomberg.com | Faseeh Mangi |Pratik Parija

A wheat harvest in the Chakwal district of Punjab province, Pakistan. (Bloomberg) -- India’s unprecedented move to suspend a water-sharing pact in response to a gun attack in Kashmir earlier this week threatens to hurt crops and power generation in Pakistan, just as temperatures begin to rise sharply in the pre-monsoon summer. Disruption is unlikely to be swift, agricultural and diplomatic experts said, pointing out India does not currently have the capacity to divert large volumes of water.