Bloomberg Moody’s Investors Service lowered the outlook on 12 UK lenders, including Barclays Plc and HSBC Holdings Plc, after predicting last week’s vote to exit the European Union will reduce their profitability. “We expect lower economic growth and heightened uncertainty over the UK’s future trade relationship with the EU to lead to reduced demand for credit, higher credit losses …

  Bloomberg Just days after Raghuram Rajan announced plans to a return to academia, he’s battling to preserve the Reserve Bank of India’s independence. The government this month revived a proposal to dip into the central bank’s emergency funds to recapitalise commercial lenders hurt by rising bad loans. The idea was first floated in February by the Finance Ministry’s top …

  Our Correspondent EMIRATES BUSINESS Al Ghurair Centre, a prominent mixed-use landmark by Al Ghurair Investment in Dubai, seamlessly integrates family shopping, refined residential apartments with commercial offices. Shoppers can treat themselves to a comprehensive mix of retail brands ranging from fashion to home decor, accessories to jewellery and much more. The shopping centre also boasts a specialised section of …