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Delay in new rules spares India banks from bad loan

Bloomberg India delayed the introduction of tough new accounting rules for the second year running, in a move that will spare the country’s banks from adding another layer to the $190 billion pile of bad loans on their books. The Reserve Bank of India said that legislative amendments needed to implement the new Indian Accounting Standards are still under consideration ...

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Deutsche Bank vows to reverse years of revenue slump

Bloomberg Deutsche Bank AG pledged to reverse years of declining revenue and kept a key profit target intact, striking a more upbeat tone than some rivals as it starts merger talks with Commerzbank AG. The defiant outlook — just two days after UBS Group AG warned that the first quarter was one of the worst environments in recent history — ...

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China nears plane order from Africa amid overseas push

Bloomberg Chinese planemaker Comac is nearing an order from an airline in Ghana, a rare advance overseas for the state-owned company as it attempts to become a real challenger to Boeing Co and Airbus SE. Africa World Airlines Ltd, partly owned by China’s HNA Group Co may agree this month to buy two Comac ARJ21 regional jets, the carrier’s chief ...

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