Bloomberg SAS AB plans to cut 1,000 administrative jobs and double its cost-savings target as the Nordic airline prepares for rising fuel prices and intensifying competition that’s lowering fares and hampering earnings growth. Profit in the fiscal first quarter, which started Nov 1, will decline from a year earlier following “more demanding” trading conditions in the autumn autumn, Stockholm-based …

  Bloomberg Royal Bank of Scotland Group Plc is seeking to sell a smaller chunk of its Williams & Glyn consumer-banking unit after failing to draw any offers for the entire operation, a person with knowledge of the matter said. The UK government, which own 72 percent of RBS, is seeking European Union approval for the sale of a smaller …

  Seoul / AFP South Korea held its key interest rate unchanged on Thursday, despite an earlier US hike, as an ongoing political crisis tightened the reins on an already-slowing economy. In a move widely expected by analysts, the central Bank of Korea held its benchmark rate at its record-low of 1.25 percent for the sixth straight month. South Korea …