Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank, is looking to further expand in India after making key investments to tap the south Asia nation’s growth potential.
The planned start of billionaire Gautam Adani’s copper plant in India next year will spur a sharp rise in imports of concentrate, further tightening the global supply of ore on which smelters rely.
Moody’s Investors Service cut its outlook for eight Chinese banks to negative from stable, a day after unveiling a bearish stance on the nation’s sovereign bonds due to concern over the level of debt.