Bloomberg Absa Group Ltd Chief Executive Officer Maria Ramos will step down after overseeing the split from Barclays Plc, an alliance blamed for the loss of retail market share at South Africa’s third-largest bank. The stock rallied the most among its Johannesburg-based peers on Tuesday in the wake of her pending exit. Absa, once the nation’s largest mortgage lender, fell ...

Bloomberg Norwegian Air Shuttle ASA gained the backing of Norway’s richest man, providing some stability to the struggling discount carrier as it searches for a new suitor following IAG SA’s decision to abandon its eight-month pursuit. The shares fell the most on record after Norwegian said it had raised 3 billion kroner ($353 million) in a rights issue underwritten by ...

Bloomberg Debt-laden Jet Airways India Ltd. may be poised to get some help in its bid to stay afloat. India’s largest lender State Bank of India is set to swap part of its loans into a stake of at least 15 percent in Jet Airways as lenders to the carrier plan similar conversions of some debt into equity to help ...