Bloomberg A year after a rare default in India’s credit market led to its mini-Lehman moment, several shadow banks in the country, its oldest surviving private airline and the parent company of its biggest television broadcaster are still reeling. The fear which erased more than 1 trillion rupees ($14.4 billion) in market capitalisation of the 11 worst-hit firms is refusing …

Bloomberg Stock markets in the Gulf declined as tension between the US and Iran kept investors on high-alert. President Donald Trump said the US will impose major new sanctions on Iran on Monday, days after he abruptly called off a plan for airstrikes against the Islamic Republic, but gave no additional detail. The United Arab Emirates civil aviation authority ordered …

Bloomberg Naspers Ltd-backed cryptocurrency platform Luno is planning to increase its workforce by almost 60 percent to expand its South African headquarters as Bitcoin once again breaches $10,000. The Bitcoin and Ethereum exchange will hire 150 new employees by the end of the year to boost its software-development team, taking its headcount to more than 400 across seven offices in …