Bloomberg A policy of cautious lending to the silk weavers and shopkeepers of Tamil Nadu has allowed a small local bank to outpace the largest Indian banks in terms of share price performance. City Union Bank Ltd., a small lender based in Kumbakonam, has risen more than 27 percent over the last twelve months, the best performance of any Indian …

Abu Dhabi / Emirates Business Etihad Airways Engineering, the largest commercial aircraft maintenance, repair and overhaul (MRO) services provider in the Middle East, signed a collaboration agreement with Argentina’s main aircraft manufacturer, Fabrica Argentina de Aviones (FAdeA), to serve MRO customers in South America. The agreement enables both companies to leverage their strengths and become significant players in the narrow …

Bloomberg IAG SA is freezing the percentage of its shares that can be held by non-European Union citizens and funds amid a lack of clarity about potential ownership restrictions following Britain’s exit from the bloc. Non-EU shareholdings are restricted to the current level of 47.5 percent, London-based IAG said in a statement. Under EU rules, the airline could allow the …