Bloomberg Troubled Jet Airways India Ltd missed a $109 million loan repayment due to HSBC Bank this week, people with knowledge of the matter said. The money was due on March 28, and was part of a two-tranche facility totalling $140 million that the company took from HSBC in 2014, according to the people, who asked not to be identified ...

Bloomberg Investigators of an Ethiopian Airlines crash have concluded that the same system that malfunctioned in an earlier accident off Indonesia was activated, and they are searching for a key piece of equipment that might explain why, according to people briefed on the probe. Preliminary flight data from the Boeing Co 737 Max jet’s black-box recorder indicates that a new ...

Bloomberg American Airlines Group Inc halted flights to Venezuela, indefinitely extending a temporary suspension that began two weeks ago. While the company said it was committed to reestablishing service “when the conditions are right,’’ it didn’t provide an estimate of when flights would restart. “We don’t have a set time frame,’’ American said. The decision cut off the last remaining ...

Bloomberg Ascena Retail Group Inc continues to clean out its closets. The parent of Ann Taylor and Lane Bryant is exploring options for its lower-priced women’s clothing chain, Dressbarn, according to people familiar with the matter. It’s shopping the chain to potential buyers, said the people, who declined to be identified because the process isn’t public. The company didn’t reply ...

Bloomberg Employee unions at British Airways (BA) urged members to reject the airline’s latest pay proposal and said they will begin preparing for a potential industrial action. The biggest airline of International Consolidated Airlines Group SA has been facing a coordinated campaign for bigger salary increases from pilots, cabin crew and ground staff since November. The effort is challenging British ...

Bloomberg Saudi Aramco, the world’s biggest oil producer, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund for $69.1 billion, transferring a big slug of cash from one arm of the state to another to help finance Crown Prince Mohammed bin Salman’s economic agenda. The Middle East’s biggest ever deal was first mooted ...

Bloomberg US and Chinese officials resume high-level trade talks this week as they close in on a deal that could just be the first step in the long road to economic peace. President Donald Trump’s top trade negotiator, Robert Lighthizer, and Treasury Secretary Steven Mnuchin are due to visit Beijing on Thursday and Friday, while top Chinese negotiator, Vice Premier ...

Bloomberg The rally in bonds gained momentum as traders turned their focus to a worrying economic outlook. Stocks fell, while the dollar rose. Treasury 10-year yields slid below 2.4 percent and rates on benchmark German bunds sank deeper under zero after European Central Bank President Mario Draghi said that an accommodative policy stance is still needed. Energy shares led losses ...

Bloomberg China’s financial sector is dividing opinion across its borders in a way not seen since the global credit crisis. Traders on the mainland are paying the most in more than a decade for shares of Chinese banks, brokerages and insurers relative to their offshore-based counterparts, according to data compiled by Bloomberg. The same firm is now on average 54 ...

Bloomberg In a world of persistently low inflation and slowing economic growth, central banks are finding a useful instrument in their toolboxes to curb financial risk. Macroprudential measures — such as limiting who gets a mortgage and adjusting banks’ reserve requirements — have gained traction with central banks since the global financial crisis, and are proving effective. The targeted tools ...