Bloomberg Citigroup Inc. said it has named Gerald Keefe as its Hong Kong-based head of corporate banking for the Asia-Pacific region, a newly created role. Keefe, currently head of corporate banking for Japan, will take on responsibilities for Citigroup bankers in the region dealing with companies, financial institutions and public-sector entities, according to a press release. Agnes Liew, another ...

  Moscow / Reuters The New Development Bank (NDB), formed by the BRICS group of emerging nations, has approved its first loans — $811 million for renewable energy projects in Brazil, China, India and South Africa, Russian news agencies reported last week. The BRICS bank, with authorised capital of $100 billion, started work last year on funding initiatives for infrastructure ...

  SINGAPORE / Reuters Asian skies are getting busier and the impact is set to be felt in the jet fuel market as brisk demand for air travel, due to rising incomes and more flights, cuts the region’s aviation fuel surplus in 2017 by the most in at least five years. About 100 million new passengers take to the Asian ...