Bloomberg Investors who attempted to participate in the 20.5 billion-rupee ($258 million) share sale in India’s largest airline IndiGo were left empty-handed due to a feature of the country’s trading rules that has long been a source of frustration for institutional fund managers. None of the investors lined up by the banks working on billionaire Rakesh Gangwal’s sale of ...

  Bloomberg Australian airline Rex plans to add more Boeing Co 737s within months, giving it enough jets for a nationwide network of intercity routes as it seeks to steal business away from troubled Qantas Airways Ltd. Rex, best known for flying small propeller-driven aircraft between regional towns, is fast building out a new jet division plying busy domestic routes ...

  Bloomberg The dollar’s long rally against the euro this year has proved a godsend for the owner of the Zara brand by swelling the value of revenue from its US garment sales when converted into euros. While it’s lost some ground over the past week, the greenback has gained more than 13% against the euro this year, boosting European ...