Bloomberg Bonds traders were fast to cheer the Reserve Bank of India for keeping rates on hold. The gains may prove fleeting. While the central bank surprised by keeping borrowing costs unchanged, it changed its stance to “calibrated tightening” from neutral, signaling more hikes lie ahead. Add to that concerns about soaring oil prices and the tumbling rupee, investors are …

Bloomberg South Africa will strive to allow competition into its banking system in a way that won’t threaten the stability of the industry as more and more entrants seek to rival the nation’s biggest lenders, said Kuben Naidoo, the chief executive of the Prudential Authority. While many new banking licenses are expected to be granted, these would be done within …

Bloomberg Long-haul flights half way across the globe are making a comeback even with oil prices close to their highest in four years. About six months after Qantas Airways Ltd. started a direct service from Perth to London, Singapore Airlines Ltd. is bringing back its 10,400-mile jump to New York on October 11. Advances in technology and the advent of …