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Nafta’s biggest challenge may come after a deal

US, Canadian and Mexican negotiators are cloistered in the Camino Real on the edge of Polanco in Mexico City, their sessions extending late in the night as they prepare for the arrival of ministers for the next round of talks on the North American Free Trade Agreement (Nafta). To contrast with the crackling tension ending the earlier meetings in Montreal, ...

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Investigators to quiz Indian bank chiefs over $2bn fraud

Bloomberg Federal investigators are seeking to question the chiefs of India’s biggest lenders as they widen their probe into the $2 billion fraud at Punjab National Bank. The Enforcement Directorate has written to the heads of 31 banks asking to meet officials about the fraud, according to people familiar with the matter. The investigators will start with state-run PNB on ...

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Kazakh financial hub eyes sovereign sukuk

Reuters Kazakhstan’s financial centre expects the government to issue Islamic bonds, or sukuk, in coming months as part of efforts to develop Islamic finance business in the central Asian country, an official said on Tuesday. Final legislative changes to allow issuance of sovereign sukuk are nearly complete, alongside registration of a special purpose vehicle by the Ministry of Finance, said ...

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