DUBAI / Reuters India has approached Turkey’s Halkbank to faciliate the payment of $6.5 billion to Iran, which it owes for crude oil imports, Iran’s Fars news agency quoted India’s ambassador to Tehran as saying on Saturday. “The Indian government is seeking to pay the $6.5 billion debt and is looking to prepare the banking activities. The receiving bank ...

  Bloomberg Emirates Islamic Bank PJSC, Dubai’s second-biggest Shariah-compliant lender, has mandated banks including HSBC Holdings Plc for the sale of Islamic bonds, according to two people familiar with the issue. The sale of the dollar-denominated, benchmark-sized securities may begin as early as this week, said the people, asking not to be identified because the information is private. Standard Chartered ...

  Bloomberg China’s central bank reassured investors that monetary policy will continue to support the economy after a sharp slowdown in new credit last month, and said the lending slump was temporary. The deceleration in the growth of new yuan loans in April was mainly due to a pick-up in a program to swap high-cost local government debt for cheaper ...