Bloomberg Royal Bank of Scotland (RBS) Group Plc tumbled after the state-backed lender said Britain’s slowing economy is likely to bite into income over the coming months. The bank’s shares fell as much as seven percent after it sounded the strongest warning yet on the impact of Brexit this year. The note of caution overshadowed the bank posting a better-than-expected ...

Bloomberg India’s top court directed the central bank to disclose its inspection reports on lend-ers to allow people to gauge their health. The order was the “last opportunity” to avoid initiation of contempt proceedings against Reserve Bank of India (RBI) Governor Shaktikanta Das, a two-judge bench of the Supreme Court headed by Justice L.N. Rao ruled. The central bank will ...

Bloomberg The financial regulator at the epicenter of Europe’s vast dirty money scandal says a key part of what really happened has been misunderstood. Danske Bank A/S became the modern-day poster child for Russian money laundering after it published a report in September that revealed a shocking number: $230 billion. Jesper Berg, the director general of the Financial Supervisory Authority ...

Bloomberg Amazon.com Inc will spend $800 million in the current quarter to reduce delivery times for top customers to one day from two, trying to revive its main e-commerce franchise and ward off greater competition. The announcement came after the online retailer reported first-quarter profit that exceeded analysts’ estimates, demonstrating the company’s focus on cloud-computing, advertising, and other high-margin businesses ...

Bloomberg The US Federal Aviation Administration (FAA) next month will brief international aviation regulators on the agency’s work evaluating when the Boeing Co 737 Max can return to service, which some countries have signalled they intend to decide on their own. The FAA called the May 23 meeting “to provide participants the FAA’s safety analysis that will inform its decision ...

Bloomberg Carrefour SA’s growing sales of organic food helped the French retailer make up for continued weakness in its non-grocery business in the first quarter. Comparable sales rose 2.7 percent to $22.4 billion, the company said, a result that met analysts’ estimates. Growing sales of organic food are boosting Chief Executive Officer Alexandre Bompard’s effort to revamp the company’s sprawling ...

Bloomberg Southwest Airlines Co built its low-cost model on the efficiencies of flying a single plane, the Boeing Co 737. Now the carrier’s chief executive officer is cracking open the door to the idea that nothing lasts forever. In the aftermath of the second deadly crash of the new Max model and a global grounding of the plane, Southwest CEO ...

Bloomberg US aviation and congressional officials are investigating allegations by about a dozen whistleblowers that there are safety issues with Boeing Co’s 737 Max aircraft, the Wall Street Journal reported, citing unidentified government employees familiar with the matter. Some of the claims relate to the design of a suspect flight-control feature or operation of specific sensors that are key to ...

GENEVA / WAM Qatar has decided to withdraw its measures against the UAE in a significant concession aimed at averting the consequences of the UAE’s case in WTO against an illegal Qatari ban on UAE goods and services. During a session of the Dispute Settlement Body (DSB) of the WTO, on Saturday, to examine the UAE’s request to set up ...

Bloomberg Oil is on its longest bull run in 13 years. Hedge funds have increased bullish sentiment on US crude prices for the last nine weeks, the longest such run since 2006, according to data. Almost 14 times as many bets have been placed on prices going up as on a decline, as investors see supply threats multiplying around the ...