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Yen not losing haven status: BOJ’s Kuroda

Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda shrugged off speculation that the yen is losing its status as a safe asset and blamed its depreciation on the dollar. “I don’t think there has been a fundamental change in the situation of foreign-exchange rates,” Kuroda told reporters on Saturday in Riyadh, where he is attending a Group of 20 meeting. ...

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JPMorgan, United Airlines renew credit-card deal into 2029

Bloomberg United Airlines Holdings Inc and JPMorgan Chase & Co renewed their long-time credit-card partnership through 2029, capping months of negotiations. The new deal, and an amended pact with Visa, gives United an extra $400 million this year, according to a regulatory filing by the airline. United declined to provide additional details on the financial impact of the agreement. Revamping ...

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Hindujas, Cerberus partner to bid for Yes Bank stake

Bloomberg Hinduja Group Ltd is partnering with private equity firm Cerberus Capital Management LP in seeking to pick up a stake in embattled Yes Bank Ltd, according to people familiar with the matter. Representatives of Cerberus and the UK-based Hinduja group, run by brothers Gopichand Hinduja and Ashok Hinduja, met Reserve Bank of India officials earlier this month regarding the ...

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