Bloomberg Edcon Holdings Ltd. returned to profit in the second quarter after debt repayment costs eased following the exit of US private equity firm Bain Capital, while South Africa’s biggest clothing retailer cleared unwanted stock to boost sales during the busy festive period. Net income for the three months through September was 163 million rand ($11.5 million), the Johannesburg-based ...

  New Delhi / AFP Ratings agency Fitch said Tuesday it would revise down its India growth forecasts for the fourth quarter of 2016 after the country’s shock move to pull most of its currency out of circulation. Fitch Ratings said the move, aimed at forcing Indians to declare their untaxed money, had created a cash crunch that “seems to ...

  Bloomberg A small Japanese company that specializes in rubber masks has been unable to deal with a sudden surge in demand for Donald Trump masks since his surprise victory in the US. presidential election on November 8. “We can’t keep up with demand—it will take us until mid-December to catch up with the orders we have now,” Takahiro Yagihara, ...