Reuters The Czech National Bank (CNB) may raise its main interest rate above 1 percent by the end of this year, sooner than its staff forecast predicts, as the economy is overheating, Vice-Governor Mojmir Hampl was quoted as saying. The central bank’s board kept the two-week repo rate at 0.75 percent at its last policy meeting on March 29 after ...

Agencies India asked global companies to submit proposals for 110 fighter jets, the world’s biggest such order currently. The Indian Air Force sought requests for information for the supply of single- and twin-seat jets to be mostly manufactured locally, it said in a statement on its website. The Asian nation had earlier scrapped a deal to buy 126 fighter jets ...

Bloomberg Nine West Holdings Inc. filed for bankruptcy with a plan to sell some assets and reorganise others, after too much debt felled the shoe and clothing company controlled by Sycamore Partners. The Chapter 11 filing in New York listing debts of more than $1 billion. The company will use the bankruptcy to sell its Nine West and Bandolino brand ...