Bloomberg Credit Agricole SA’s trading revenue slumped in the first three months of the year, squeezing earnings at its investment bank. A “more difficult environment” in capital markets and a stronger euro weighed on its performance, Credit Agricole said in a statement on Tuesday. Revenue also suffered from the bank taking a more “selective” approach to employing its capital, which ...

Bloomberg Nigerian inflation eased for the 15th straight month in April, moving closer to the central bank’s target and expanding room for monetary-policy makers to consider trimming their key interest rate. Consumer-price growth in Africa’s most populous nation slowed to 12.5 percent from a year earlier compared with 13.3 percent in March, the Abuja-based National Bureau of Statistics said in ...

Bloomberg After being challenged in the mortgage market, Sweden’s biggest banks are fending off a new wave of robots — this time in investment advice and wealth management. One of their new rivals is Optise AB, which last year began offering independent savings advice, fund data and tailor-made portfolios to retail investors via a mobile app. The company, which refers ...

Bloomberg Ethiopian Airlines Enterprise plans to establish half a dozen international offshoots before the end of the year as Africa’s biggest carrier steps up efforts to dominate markets across the continent. Ethiopian will take equity stakes in new operators in Zambia, Chad, Mozambique and Gambia while helping to manage existing carriers in Equatorial Guinea and the Democratic Republic of Congo, ...

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 ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Monday announced it has signed a project development agreement with Cepsa of Spain for a new, world-scale Linear Alkylbenzene (LAB) facility in Adnoc’s refining and petrochemicals complex in Ruwais. The LAB project is one among a number of initiatives to be executed as Adnoc looks to significantly enhance ...

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 ...