Bloomberg Singapore Exchange (SGX) and National Stock Exchange of India Ltd. will remain partners for a little longer than both anticipated. An arbitrator deciding on a quarrel between the exchanges over Indian stock futures contracts ordered them to extend their licensing agreement beyond August, and for at least two months after the end of arbitration. It ordered SGX to refrain ...

Bloomberg HDFC Bank Ltd, the world’s most expensive major lender, is considering relying entirely on the Indian market for a share sale that could raise as much as 155 billion rupees ($2.3 billion), people with knowledge of the matter said. The Mumbai-based bank is weighing seeking all the capital through a qualified institutional placement in India, rather than its usual ...

Bloomberg UBS Group AG had the credit rating for its main operations raised by Moody’s Investors Service, which said the restructured investment bank and wealth management business should help the lender weather a market downturn. The long-term issuer and senior unsecured debt ratings of UBS AG, which comprises the main banking and wealth management businesses of UBS, were raised one ...

Bloomberg Credit Suisse Group AG is betting that the leveraged loan market can continue its explosive growth over recent years, as buyout firms sitting on unprecedented levels of capital look to maximise their firepower over the next few years. “There is over a trillion dollars of capital committed to private equity firms that has yet to be deployed,” David Miller, ...

Bloomberg Former Bank of England (BoE) policy maker Andrew Sentance said the UK shouldn’t look overseas for the institution’s next governor, criticising incumbent Mark Carney for not knowing enough about Britain. Sentance, a member of the Monetary Policy Committee from 2006 to 2011, told the Press Association that Carney’s “lack of confidence with raising interest rates has been due to ...

Bloomberg Don’t declare the end of easy money just yet. Major central banks took significant steps last week towards dismantling the emergency stimulus they’d used to lubricate financial markets and escape recession in the decade since the financial crisis. But most are clear that they’re not ready to get out of the business of supporting their economies. After raising interest ...

Bloomberg Norwegian Air Shuttle ASA surged as much as 12 percent after Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said his company was in takeover discussions with the Scandinavian discount specialist, raising the possibility of a bidding war. Lufthansa has been in contact with Norwegian and whether an agreement is reached will depend on the price on offer and ...

Bloomberg Google is investing $550 million in cash in China’s JD.com Inc. as the US search giant pushes deeper into online commerce. Alphabet Inc.’s Google will buy newly issued Class A shares at $20.29 per share, equivalent to $40.58 per ADS, the companies said in a joint statement. The pair plan to explore joint development of retail solutions in regions, ...

Bloomberg David Neeleman, who started JetBlue Airways Corp. with $100 million in 2000, is raising money to launch a new low-cost carrier focussed on secondary airports in the US, according to Airline Weekly. The airline, to be called Moxy Airways, has secured orders for 60 Bombardier CS300 aircraft, the trade journal reported, citing people familiar with the matter. The first ...

Bloomberg Chinese spacecraft face steep new US tariffs unveiled by the Trump administration. The same goes for “turbojet” engines and large airliners like the Comac C919. The US doesn’t import any of these items, and the Chinese industries creating them are just beginning to establish themselves on the global stage. The list of newly taxed items appears aimed at years, ...