Bloomberg India’s government kicked off a party in the bond market last week. And the central bank won’t want to spoil that. While Governor Urjit Patel and his monetary policy committee have turned more hawkish on inflation recently, they are set to hold the benchmark interest rate at 6 percent, according to all 26 economists in a Bloomberg survey. That ...

Bloomberg Deutsche Bank AG needs to scale back its US operations and focus on serving European companies to unlock capital and improve returns, according to analysts at JPMorgan Chase & Co. The US business “consumes material balance sheet resources” while suffering from “persistently low profitability,” Kian Abouhossein and Amit Ranjan wrote in a note to clients on Wednesday. The alternative ...

Bloomberg Boeing Co., the biggest US exporter, suffered a setback in China after the country proposed an additional 25 percent tariff on US aircraft in a retaliatory move, giving rival Airbus SE a leg-up in a market set to the become the world’s biggest. In a tit-for-tat response to tariffs by President Donald Trump, China announced the planned levy on ...

Bloomberg Hershey Co. is spending $500 million in the hopes of producing its iconic chocolate Kisses from more sustainable cocoa. Through its so-called Cocoa for Good programme, the company will invest the funds through 2030 to support four key areas: nourishing children, empowering youth, building prosperous communities and preserving natural ecosystems. The initiative’s goals include eliminating child labor and increasing ...

Bloomberg Southwest Airlines Co. is considering an order for “more than a handful” of Boeing Co.’s 737 Max aircraft as the nation’s largest discount carrier benefits from lower tax rates and expanding travel demand. Discussions with Boeing are ongoing, Southwest Chief Executive Officer Gary Kelly said without specifying a number for a potential order. The CEO reaffirmed that the airline ...

Bloomberg Taco Bell, increasingly focussed on global growth amid a saturated US market, is expanding Down Under. In November, the chain opened its first Australian restaurant in Brisbane, and it has exceeded management’s expectations, said Liz Williams, president of Taco Bell International. Sales are several million dollars higher than a typical unit, she said, declining to provide specifics. Now, Taco ...

Bloomberg US stocks bounced back from Monday’s selloff as the rout in technology selloff eased and carmakers rallied on strong sales reports. Treasuries and gold retreated. The S&P 500 climbed from the lowest level since early February after closing below the 200-day moving average for the first time since the Brexit vote almost two years ago. General Motors jumped almost ...

Reuters Egyptian stocks fell on Tuesday, hit by a plunge in index heavyweight Global Telecom after the company’s majority shareholder withdrew a buyout offer, while Saudi Arabia stabilised after three days of falls. Most Gulf markets were lower or flat in the absence of fresh cues ahead of quarterly earning announcements for companies, which began this week. A six-day rally ...

ANKARA / Reuters Russian Energy Minister Alexander Novak said on Tuesday a joint organisation for cooperation between OPEC and non-OPEC countries may be set up once the current deal on oil output curbs expires at the end of this year. Saudi Crown Prince Mohammed bin Salman told Reuters last month that Saudi Arabia and Russia are working on a historic ...

HANOI / Reuters Tension in the South China Sea will hurt PetroVietnam’s offshore exploration and exploitation activities this year, the state-run oil and gas group said on Tuesday, weeks after the Southeast Asian nation suspended a project under pressure from China. Vietnam and China have been embroiled in maritime disputes in parts of the busy waterway, where China claims 90 ...