Bloomberg The owner of Banco Santander SA’s Madrid headquarters asked a London judge to delay a dispute with Royal Bank of Scotland Group Plc and other lenders who are seeking about 700 million euros ($798 million) from interest-rate swaps linked to the 1.9 billion-euro acquisition of the Ciudad Financiera complex. Marme Inversiones’ lawyer Richard Hill asked the judge to ...

  Reuters Qatar’s Ahli Bank has started talks to raise a $250 million three-year loan, banking sources maintained. The loan will be partially used to refinance an existing $200 million facility the bank signed in September 2014 and is due to mature next year, two of the sources said on condition of anonymity as the negotiations are private. One of ...

  Reuters Kuwait’s Boubyan Bank is aiming to sell $250 million in capital-boosting sukuk after releasing initial pricing thoughts for the issue, a document from lead managers said. The deal, structured with a perpetual tenor and with an option for the bank to redeem the paper after the fifth year, is earmarked to price in the very low 7 percent ...

Bloomberg Nordea Bank AB will cut more jobs as Scandinavia’s largest lender looks for ways to lower its cost-to-income ratio by about one-fifth. “Over time the headcount will be lower,” Chief Executive Officer Casper von Koskull said in an interview at Nordea’s headquarters in Stockholm. “A best-in-class retail bank operates today with a cost-to-income ratio in the low 40s. Surely ...

  Luton / AFP-Bloomberg British no-frills airline EasyJet on Tuesday said it had fallen into a loss during the first half of its financial year in the wake of the Brussels attacks. Its earnings statement added that future revenues would be impacted also by recent events in the Belgian capital. Net losses stood at £20 million ($29 million, 25 million ...

Bloomberg Gap Inc. shares plunged as much as 15 percent in late trading after the apparel chain posted disappointing results, a sign the company’s much-vaunted springtime comeback hasn’t materialized. Same-store sales — a key benchmark — dropped 7 percent in April, the San Francisco-based retailer said in a statement. Analysts had predicted a gain of 1.1 percent, according to Retail ...

  Bloomberg Associated British Foods Plc, the British food-to-retail conglomerate, plans to sell its Chinese sugar business for as much as $1 billion, according to a person familiar with the matter. The process is in the very early stages and there’s no timetable for completion, said the person, who declined to be identified as the information is private. AB Foods ...

  Bloomberg Turkey’s national airline reported the biggest loss since at least 1999 in the first quarter as geopolitical risks and security concerns pressured direct traffic into the country. Turkish Airlines posted a loss of 1.24 billion liras ($422 million) in the three months through March, compared with a net income of 373 million liras in the same period a ...

  Bloomberg JD.com Inc., China’s second-biggest online retailer, plunged after it reported flagging sales growth on its marketplaces and management expressed concern about the country’s economic slowdown. The American depositary receipts dropped 7 percent in New York to $23.43, the lowest since February 12. Trading volume of 45.3 million shares was more than triple the daily average of the past ...

  Miami, United States / AFP The phone rings off the hook these days at some pharmacies in Florida and the calls are long-distance: from Venezuelans desperate for everything from diapers to cancer medication. Venezuela, though sitting atop the world’s largest proven oil reserves, is enduring an acute economic crisis due in part to the global drop in crude prices and ...