Bloomberg Norwegian Air Shuttle ASA gained the backing of Norway’s richest man, providing some stability to the struggling discount carrier as it searches for a new suitor following IAG SA’s decision to abandon its eight-month pursuit. The shares fell the most on record after Norwegian said it had raised 3 billion kroner ($353 million) in a rights issue underwritten by ...

Bloomberg Debt-laden Jet Airways India Ltd. may be poised to get some help in its bid to stay afloat. India’s largest lender State Bank of India is set to swap part of its loans into a stake of at least 15 percent in Jet Airways as lenders to the carrier plan similar conversions of some debt into equity to help ...

Bloomberg Hong Kong retailers are one group of shares being left behind as the city’s benchmark stock index trades near a four-month high. Cosmetics seller Sa Sa International Holdings Ltd and Chow Tai Fook Jewellery Group Ltd are near the lowest levels in at least a year versus the benchmark Hang Seng Index, which has climbed 6.5 percent in 2019. ...