Oh no, Yes Bank. You don’t get to spin a yarn about the wonderful quarter you’ve had. You don’t get to fill page after page of your earnings presentation with arrows pointing up, up and up. The bragging about how you are the world’s second-most-social brand (whatever that means) can also wait. There’s only one question for you to answer. ...

Amazon.com Inc. founder Jeff Bezos may have surpassed Microsoft Corp. co-founder Bill Gates to be the richest person in the world, but there’s one title he isn’t likely to claim: world’s most generous. Even with more than $90 billion to his name, Bezos has yet to make a major philanthropic mark, but with the new mantle of the world’s richest, ...

Bloomberg US stocks pared gains and small caps turned negative as the prospects for tax reform remain dimmed by political wrangling in Congress. The latest evidence that the global economy is on firm footing earlier boosted equities around the world and lifted the dollar. The Russell 2000 Index slumped on speculation that failure to cut taxes would hit small companies ...

Reuters Gulf stock markets mostly moved sideways on Wednesday, drawing little strength from rising oil prices, while Egypt pulled back after closing at record highs for three straight days. Brent oil futures rose to $61.70 per barrel, their highest since July 2015, while global equity markets continued climbing. The failure of Gulf bourses to rise on the back of these ...

Bloomberg BNP Paribas SA is finding it harder to evade the trading slump that’s engulfing rivals. After emerging almost unscathed from the period of low volatility that weighed down Wall Street firms and European investment banks earlier this year, the Paris-based lender posted a bigger-than-expected 17 percent drop in trading revenue in the third quarter, or 15 percent on a ...

Bloomberg Turkey’s central bank Governor Murat Cetinkaya said on Wednesday that he expects inflation to accelerate in October and November, driven by a weaker currency and rising oil prices, before the rate starts to ease a month later. The lira declined on the comments. The central bank revised its year-end inflation forecast to 9.8 percent from 8.7 percent three months ...

Bloomberg Some of Europe’s biggest fund managers are set for a face-off on how best to trade the UK’s first potential interest-rate increase in a decade. Allianz Global Investors GmBH is looking to sell the pound into a rally, betting the Bank of England won’t signal further policy tightening given lingering economic and political risks. Fidelity International has a similar ...

Bloomberg Reforming the Reserve Bank of New Zealand’s monetary policy mandate could potentially result in lower interest rates, the new finance minister said. Requiring the central bank to target full employment as well as price stability when making rate decisions will ensure its objectives are more aligned with the well-being of New Zealanders, Grant Robertson said in a television interview ...

Bloomberg For thousands of brokers, traders and money managers based in the US, time is running out. A shock wave is about to emanate from Brussels, the capital of the 28-nation European Union. That may as well be the dark side of the moon for some toiling away at financial firms in the US A sweeping set of financial regulations ...

Bloomberg United Continental Holdings Inc. wants to acquire as many as 40 used Airbus SE jets, seeking a thrifty way to bolster short-distance service as the airline struggles to get costs under control. The carrier is looking at A319 and A320 single-aisle aircraft, the Chicago chapter of the United pilots union said in a memo to its members. A deal ...