Morgan Stanley upgrades India to overweight: Global financial major Morgan Stanley upgraded India’s outlook to 'overweight' while downgrading Australia to 'underweight' and Taiwan and China to 'equal-weight'. The brokerage firm said that it believes that the country (India) is just at the start of a long-wave boom while China is experiencing the end of one., Economy News, Times Now
The report said that the precise amount of capital requirements will depend on the bank's business, with U.S. megabanks with big trading businesses expected to face the largest increases.
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