Bloomberg An Indian court denied Naresh Goyal, founder of India’s once largest airline by market value, permission to fly overseas after the government told the court a $2.6 billion fraud investigation involving Jet Airways India Ltd is underway. The Delhi High Court’s single-judge bench of Justice SK Kait expressed apprehension Goyal may not return like others facing allegations of fraud. ...

Bloomberg Chinese supermarket operator Wumart Stores Inc and an investor group backed by rival Yonghui Superstores Co are among suitors that proceeded to the final round of bidding for German food wholesaler Metro AG’s China business, people with knowledge of the matter said. Yonghui has teamed up with Hillhouse Capital, according to the people, who asked not to be identified ...

Bloomberg Shares of Philippines’ largest budget carrier plunged to their biggest drop on record, wiping out as much as 21.3 billion pesos ($415 million) from its market value in what traders said was likely a fat finger. Cebu Air Inc slumped 38 percent to the lowest since August 2014 in the last few minutes of trading and volume was below ...