World’s Worst Currency Drop Sparks Race to Cut Brazil Forecasts

The Brazilian real’s 5 percent tumble this week, the most among major currencies worldwide, has forecasters reviewing their exchange-rate targets after the government said it won’t meet fiscal goals.

BOJ to set aside more reserves as balance sheet grows

(Reuters) - The Bank of Japan will set aside four times the amount of money it normally would as reserves to offset the risk posed by the assets it is rapidly adding to its balance sheet with its quantitative easing.

China softens rules on bank lending to local govts: Sources

SHANGHAI: New rules from China's banking regulator aimed at restricting local government borrowing are weaker than a draft version circulated last month, according to a copy of the rules provided to Reuters by two industry sources.

China Local Debt May Top Estimates, Former Minister Says

China’s local governments may have more than 20 trillion yuan ($3.2 trillion) of debt, former Finance Minister Xiang Huaicheng said, almost double the figure given in a 2011 report by the National Audit Office.

German 10-Year Yields Drop Most in Four Weeks on Growth Concern

German bunds rose, with 10-year yields dropping the most in four weeks, as euro-area surveys showed services and manufacturing output fell to a 39-month low in September, boosting demand for the region’s safest assets.