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Adidas gains ground on Nike’s US home turf

  Bloomberg Adidas AG is racing ahead in the U.S. with sales growth that’s outstripping archrival Nike Inc. as its namesake brand and Reebok capitalize on the trend for retro and “athleisure” fashions that are worn off the sporting grounds. North America was the German company’s strongest-performing region in the first quarter, with a sales increase of 31 percent at ...

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HSBC revenue gain ups prospect for growth after shrinking

  Bloomberg HSBC Holdings Plc’s investors are seeing a glimpse of what they want after years of shrinking: a return to revenue growth. The shares rose the most in five months as the bank reported a surprise jump in adjusted revenue driven by loan growth in Asia as well as the investment bank’s performance. Trading revenue jumped 29 percent, exceeding ...

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SBI sees ‘positive turnaround’ in India’s bad loans

  Bloomberg State Bank of India (SBI) sees a ‘positive turnaround’ in the nation’s bad loans after the government implements a new ordinance aimed at resolving the problem, according to the Chairman of India’s biggest bank. “The non-performing asset cycle is different this time,” Arundhati Bhattacharya, SBI’s top executive, said in an interview with Bloomberg News in Yokohama, Japan. “Many ...

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