Bloomberg Nedbank Group Ltd. forecast that interest-earning banking assets will increase at a rate below that of nominal growth in South Africa’s gross domestic product, after earlier predicting it will be in line with the economy’s expansion. The lender’s credit-loss ratio, which rose 6 basis points to 53 basis points, will also increase slightly above the level achieved in 2017 …

Bloomberg Facebook Inc.’s shares rose on optimism that the company is forging deeper relationships with banks to offer customer-service products via its Messenger chat application, a business that could boost engagement as growth slows on its main social network. Facebook has for years worked to make Messenger a natural place for consumers to communicate with businesses, aiming to replace email. …

Bloomberg It’s turning out to be a bumpy road to recovery for Cathay Pacific Airways Ltd. Just when the premium airline was showing signs of a rebound, crude oil played spoilsport again, denting early gains from a transformation plan that CEO Rupert Hogg considers crucial to survival. More uncertainty lies ahead for the world’s third-largest cargo carrier as a global …