Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
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Asian Stocks Fall as AI Fears and Oil Surge Hit Markets 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
China Industrial Output Beats Forecasts as Exports Support Growth 
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
Dollar Rises as Fed Hike Bets Weigh on Asian Currencies 
EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar 
Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers 
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Hormuz Vessel Traffic Drops to Single Digits 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
China Home Prices Fall Again as Property Slump Drags on Growth 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
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Indian farmers are turning to illegal moneylenders charging exorbitant rates as banks are shunning them due to rising bad loans.
Higher interest rates are pulling down farm earnings, which are key to reviving the economy.
Agriculture accounts for nearly 15 percent of India’s $2.8 trillion-economy and is a source of livelihood for over half of its 1.3 billion people.
Indian banks typically charge between 4 to 10 percent for crop-related loans.
Private moneylenders now ask for 48-60 percent as more farmers seek loans. Last year, they charged 24-36 percent interest.
The Indian government has instructed banks to increase lending, but bankers are choosing to be cautious.
The banks complain that they are caught up by farm loan waiver schemes done by several states ahead of elections to win over farmers.
