Kuwait City / AFP National Bank of Kuwait, the emirate’s largest lender, said on Monday its third quarter net profit rose 6.5 percent mainly thanks to growing public spending despite low oil revenues. The bank posted a net profit of 68.7 million dinars ($227.5 million) for July to September this year compared to 64.5 million dinars ($213.6 million) for ...

  Bloomberg ICICI Bank Ltd., India’s largest private-sector bank, rose the most in six months in Mumbai stock trading on optimism the lender will recover some of its loans to the Essar Group. Shares of the bank rose 6.5 percent to 257.55 rupees, while the locally listed stock of Standard Chartered Plc, also owed money by Essar, gained 2 percent. ...

  Bloomberg Morgan Stanley is abandoning a prediction that U.S. break-even rates will fall as the outlook for prices in the world’s biggest economy surge to the highest level in five months. The yield difference between 30-year Treasury bonds and similar-maturity inflation-protected securities headed for the highest closing level since May. The measure, an outlook for consumer prices known as ...