Frankfurt / AFP German sportswear and equipment maker Puma said business increased in the first quarter and that it is expecting a boost from major sporting events such as Euro 2016 and the Brazil Olympics. Like its arch-rival Adidas, which earlier this week lifted its forecasts on the back of a strong first quarter, Puma said it got off ...

  London / AFP Britain’s state-rescued Royal Bank of Scotland (RBS) said net losses more than doubled in the first quarter owing to an exceptional payment back to the government. Losses after tax in the first three months of the year stood at £968 million ($1.4 billion, 1.2 billion euros), which compared with a net loss of £459 million in ...

  CAIRO / Reuters Egypt’s Commercial International Bank (CIB) approved a two-week extension for an offer by Beltone Financial to acquire its subsidiary CI Capital, CI Capital’s Chief Executive Officer Mahmoud Atalla told reporters. “CIB approved Beltone’s request to extend the period of the offer to acquire CI Capital by two weeks, ending on May 12,” Atalla said. In February, ...