Abu Dhabi / Emirates Business Yoplait – part of the Abu Dhabi-based Agthia Group’s Consumer product portfolio – has significantly reinforced its position as a key player in the UAE value-added yogurt market (defined as the aggregate of non-plain yogurt products). With a value-share jump from 10.3 % to 11.1% in the fruit yogurt segment and from 35.8% to ...

  Bloomberg Swedish police detained a Bombardier Inc. employee on suspicion of bribery and questioned several others in connection with a rail contract in Azerbaijan. Evgeny Pavlov, a Russian citizen whose LinkedIn profile lists him as a Bombardier sales executive, was remanded in custody, according to court documents. Pavlov is suspected of aggravated bribery, and several people at the company’s ...

  Bloomberg Royal Bank of Scotland Group Plc is preparing to sell loan books and cut lending to some Western European corporate clients as part of plans to bolster its balance sheet and improve returns. The UK government-owned lender may divest commercial real estate loans in chunks of 300 million pounds ($365 million) to 400 million pounds to help reach ...

  Bloomberg UBS Group AG’s American wealth management unit has helped raise $110 million for a U.S. venture capital fund that will invest in companies in the health, education and environmental areas that are led by or co-managed by women. The fund is managed by Rethink Impact, a venture capital firm that invests in companies with a technological bent. Jenny ...

  Bloomberg Xiaoyin Zhang, the Goldman Sachs Group Inc. dealmaker who helped bring China’s three largest Internet companies to market, is leaving the firm. Zhang, a partner and head of the China technology, media and telecom group, is retiring after 15 years at Goldman, according to an internal memo obtained by Bloomberg. Connie Ling, a spokeswoman for the New York-based ...

  DUBAI / Reuters Bank AlJazira, one of the kingdom’s smaller banks, plans to raise its capital by 30 percent through a bonus share issue, it said. The bank said the capital increase to 5.2 billion riyals from 4 billion riyals ($1.07 billion) would be completed by issuing three new shares for every 10 shares held, paid for by capitalising ...

  Bloomberg IndusInd Bank Ltd, the lender backed by India’s billionaire Hinduja brothers, is in advanced talks to acquire micro-finance company Bharat Financial Inclusion Ltd in a share swap, people with knowledge of the matter said. The Mumbai-based IndusInd could announce the purchase in the next month, said the people, who asked not to be identified because the information is ...

  Bloomberg Some European banks are seeing their capital ratios come under pressure as the region’s top supervisor takes a more conservative view of their risk models. Last month, the European Central Bank raised the risk-weightings which determine capital at Finland’s biggest financial services group after finding “shortcomings” in its models. Lenders including Bank of Ireland have started to take ...

  Bloomberg Alphabet Inc. unveiled new customers and partners for its cloud storage service in an attempt to boost the standing of Google’s business sales unit, which lags behind Amazon.com Inc. and Microsoft Corp. Diane Greene, Google’s cloud chief, named several recent clients at the company’s event in San Francisco, including Colgate-Palmolive Co., HSBC Holdings Plc and EBay Inc. Google ...

  Bloomberg Tom Moore, a satellite veteran brought in to lead Google’s Project Loon unit, has stepped down after about six months. Alastair Westgarth, who headed wireless antenna company Quintel, is taking the spot. The transition comes after the company scaled back an ambitious attempt to build a global communications service by circling the earth with high-altitude balloons. X, the ...