Bloomberg A prolonged shadow-banking crisis and hurdles in bankruptcy rules are set to keep India atop the world’s worst bad-debt pile, even as Italy, which held the title previously, quickens the clean-up of its lenders. Moody’s Investors Service to Credit Suisse Group AG warned that more loans may sour in the Asian nation’s banking system. More than 2.4 percent of ...

Abu Dhabi / WAM The Khalifa bin Zayed Foundation will distribute humanitarian relief and food assistance to around 30,000 Sudanese families affected by torrential rains and flash floods that swept Sudan in early August, a foundation source has announced. The source said a field relief team of the foundation had held a series of meetings with Dr. Mohmmed Fadhlallah, Deputy ...

Bloomberg Oil posted the biggest weekly gain since July as Federal Reserve Chairman Jerome Powell sought to calm fears of a possible recession following a lackluster jobs report that was seen as dimming the demand outlook. Futures in New York rose 0.4% on September 6, erasing earlier losses. Powell said the most likely outlook for the US and world economy ...