Bloomberg Amazon.com Inc is extending its Diwali sales event to an entire month this year, hoping to outdo rival Walmart Inc‘s Flipkart in the race to unlock latent demand as India’s shoppers emerge from drawn-out pandemic lockdowns. Both Amazon and Flipkart are pulling out all the stops for the country’s most important shopping season, which starts in mid-October. But unlike …

Bloomberg South Africa should act to preserve its insolvent national airline and seek to partner the carrier with Ethiopian Airlines Group, according to a study commissioned for ruling-party lawmakers. The assessment, seen by Bloomberg, was prepared by African Aviation Services and dated October 4. It was presented to a group of African National Congress lawmakers, according to an ANC official …

Bloomberg Ryanair Holdings Plc is reported to be in talks to purchase between 150 and 200 Boeing Co 737 Max aircraft, in a deal that would boost confidence in the grounded jet as it prepares for a return to service. Ryanair is discussing a mix of Max 200s, the version it has already ordered, and the bigger Max 10, the …

Bloomberg AirAsia Group Bhd has stopped funding its Indian affiliate as the global travel slump leaves the Malaysian group struggling to support a sprawling empire of no-frills airlines, people familiar with the matter said. AirAsia India Ltd’s future may now depend on Indian conglomerate Tata Group, its majority shareholder, which has provided emergency funding but has yet to commit to …

Bloomberg Singapore banks will extend debt relief for individuals and small-to-midsized businesses beyond the end of the year to support borrowers hardest hit by the coronavirus pandemic. The measures, set to expire on December 31, will now progressively end over 2021, the Monetary Authority of Singapore (MAS) said in a statement. The extended program will be tiered so those businesses …

Bloomberg India’s third-largest private lender is joining its larger rivals in offering pay hikes to staff even as the economic fall out of the coronavirus pandemic threatens profit growth. Axis Bank Ltd. will increase staff salaries between 4% and 12% based on performance, according to people with knowledge of the plans. The Mumbai-based lender, which has about 76,000 employees, also …

Bloomberg Australia’s central bank (RBA) kept monetary policy unchanged on Tuesday, clearing the field for the government to unveil a fiscal blueprint designed to drive the economy’s recovery from a Covid-induced recession. Reserve Bank Governor Philip Lowe kept both key interest rate and three-year yield target unchanged at 0.25%, as expected. The labour market is a key focus for the bank, …

Bloomberg The Reserve Bank of India (RBI) will hold its delayed policy meeting this week after the government belatedly appointed new members to the interest rate-setting committee. The Monetary Policy Committee will meet October 7-9, the RBI said in a statement on Tuesday, more than a week later than originally planned. The RBI’s statement came after the Finance Ministry’s announcement …

Bloomberg Deutsche Bank AG said its fixed-income traders are on track to match or beat the performance of their Wall Street peers, racking up a fourth straight quarter of revenue gains as a market rally that started late last year continues. Third-quarter trading revenue is “in line with or better” than the guidance for 12% growth that Wall Street peers …

Bloomberg Unicaja Banco SA and Liberbank SA said they have held talks on rekindling a merger abandoned last year as consolidation gathers pace across Europe’s financial industry. Unicaja “confirms preliminary contact with Liberbank, with the knowledge of the board and without for the moment, the participation of external advisers,” the lender said in a regulatory filing. It said no final …