The Reserve Bank of India has lost its second chief in less than three years, raising questions about the central bank's independence and the management of the economy going into an election year. Governor Urjit Patel announced Monday that he was stepping down from his post, effective immediately. Patel's term was due to expire in September 2019.
China is demanding the release of a Huawei executive who was arrested in Canada. Canadian law enforcement detained Huawei Technologies' chief financial officer, Meng Wanhzou, in Vancouver, British Columbia, on Dec. 1. Meng, the daughter of Huawei founder Ren Zhengfei, is facing extradition charges to the United States over accusations that she violated Iran sanctions.