Bloomberg The private equity owners of Belle International Holdings Ltd., the biggest women’s shoe retailer in China, are considering a spinoff of its sportswear distribution business, people with knowledge of the matter said. Hillhouse Capital and CDH Investments, which took Belle private in a $6.8 billion deal completed in July, are weighing a Hong Kong initial public offering of the …

Bloomberg Air France-KLM named finance chief Frederic Gagey as interim CEO to replace Jean-Marc Janaillac, who quit after failing to end a series of strikes that have roiled the airline’s French arm since February. Board member and a former deputy French minister Anne-Marie Couderc will become interim non-executive chairman, according to a statement. The carrier is setting up a three-member …

Bloomberg A cockpit windshield on a Sichuan Airlines jet shattered while the plane was cruising at 32,000 feet, a rare incident that hurt the co-pilot and forced an emergency landing of the Airbus SE plane in southwestern China. The Civil Aviation Administration of China is investigating the Monday incident and will focus on the design and manufacturing of the windshield, …

Bloomberg Investors will get some big insight into big retail this week. Several of the largest consumer-facing companies report results for the first quarter — the three months immediately following the critical holiday season that sets the stage for the rest of the year. Walmart Inc., Home Depot Inc. and Macy’s Inc. are three of the major chains scheduled to …

NEW DELHI / WAM Dr Ahmed Abdul Rahman Al-Banna, UAE Ambassador to India, met with Shri M J Akbar, Minister of State for External Affairs of India, and discussed bilateral cooperation to ensure and provide an enabling environment to support the development of both countries. During the meeting, Dr Al-Banna and Akbar emphasised their commitment to further strengthening bilateral cooperation …

Bloomberg US stocks edged higher as trade tensions between the world’s two biggest economies showed signs of abating. The dollar slipped and the 10-year Treasury yield pushed towards 3 percent. The S&P 500 Index climbed as technology shares paced gains after President Donald Trump made a major reversal on an earlier move to block telecom equipment maker ZTE Corp. from …

Bloomberg India’s equities gave up gains to close little changed, while the rupee and bonds declined Monday as exit polls signaled that majority may prove elusive for PM Narendra Modi’s BJP in elections in a key southern state. At least four polls, including Today’s Chanakya, which accurately predicted Modi’s victory in 2014 elections, showed the BJP as the single largest …

Bloomberg Tata Power Co., one of India’s largest private power utilities, is planning to invest as much as $5 billion to ramp up its renewable capacity fourfold, according to its top executive. The 103-year-old power utility plans to increase its clean-energy capacity to 12,000 megawatts by 2028, Chief Executive Officer Praveer Sinha said. That would require an investment of as …

Bloomberg Oil steadied near $71 as OPEC signalled it could fill in any supply gap if renewed US sanctions curtail shipments from Iran, the group’s third-largest producer. Futures in New York were little changed after sliding 0.9 percent. Three members of the Organization of Petroleum Exporting Countries — Saudi Arabia, Kuwait and the United Arab Emirates — together have enough …

Bloomberg EDP-Energias de Portugal SA is poised to reject a 9.1 billion euro ($10.9 billion) takeover offer from China Three Gorges Corp on the grounds that it undervalues Portugal’s biggest energy company, according to people with knowledge of the matter. The board of EDP, which may meet as early as this week, views the current bid of 3.26 euros a …