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SGX, India stock futures to continue as dispute drags on

Bloomberg Singapore Exchange (SGX) and National Stock Exchange of India Ltd. will remain partners for a little longer than both anticipated. An arbitrator deciding on a quarrel between the exchanges over Indian stock futures contracts ordered them to extend their licensing agreement beyond August, and for at least two months after the end of arbitration. It ordered SGX to refrain ...

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HDFC Bank mulls relying on India in $2.3bn share sale

Bloomberg HDFC Bank Ltd, the world’s most expensive major lender, is considering relying entirely on the Indian market for a share sale that could raise as much as 155 billion rupees ($2.3 billion), people with knowledge of the matter said. The Mumbai-based bank is weighing seeking all the capital through a qualified institutional placement in India, rather than its usual ...

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Moody’s upgrades UBS wealth management business credit rating

Bloomberg UBS Group AG had the credit rating for its main operations raised by Moody’s Investors Service, which said the restructured investment bank and wealth management business should help the lender weather a market downturn. The long-term issuer and senior unsecured debt ratings of UBS AG, which comprises the main banking and wealth management businesses of UBS, were raised one ...

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