Asian stocks opened cautiously as traders assessed strained China-Japan relations and upcoming central bank decisions. Investor caution grew regarding the AI rally’s sustainability, with markets anticipating policy announcements from major central banks amid renewed inflation pressures. The Federal Reserve’s rate path for 2026 remains uncertain, balancing price pressures and economic activity.
Axis Bank set to raise $700 million through ECB swap facility
Axis Bank is set to secure seven hundred million dollars through a dedicated external commercial borrowing facility. This loan features two tranches with tenures of