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Qatar sinks to 19-month low, SABB surges in Saudi

Reuters Qatar’s stock market sank to a 19-month low on Monday while other regional bourses were mixed in mostly quiet trade, although Saudi British Bank surged in Riyadh. The Qatari stock index dropped 1.6 percent to 8,532 points, its lowest finish since January 2016, in a broad sell-off that saw declining stocks outnumber gainers by 27 to nine. Qatar National ...

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IndusInd pursues $2.2 billion Bharat Financial takeover

Bloomberg IndusInd Bank Ltd., the Indian lender pursuing a takeover of Bharat Financial Inclusion Ltd., is negotiating a potential deal valuing the microfinance provider at about $2.2 billion, according to people with knowledge of the matter. IndusInd, backed by the billionaire Hinduja brothers, is discussing a valuation of around 1,040 rupees per Bharat Financial share, according to the people. That ...

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China to ban bitcoin exchanges, allow OTC trades

Bloomberg China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings. The ban will only apply to trading of cryptocurrencies on exchanges, according to people familiar with the matter, who asked not to be named because the information is private. ...

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