Bloomberg India’s banks are getting syndicated loans at razor-thin interest rates from international lenders amid signs the country is moving towards cleaning up $210 billion of non-performing assets. Axis Bank Ltd, IndusInd Bank Ltd, State Bank of India and Yes Bank Ltd are among those reaping the benefits of cheaper funds as confidence in the world’s fastest-growing major economy increases. ...

Bloomberg Rarely has a New Zealand interest-rate decision been more keenly awaited when there’s no change of rates in sight. Reserve Bank Governor Adrian Orr delivers his first Monetary Policy Statement on Thursday and is expected to keep borrowing costs at a record low. Yet there’s considerable interest in how Orr will present the policy outlook. Since taking the RBNZ’s ...

Bloomberg The US withdrawal from a nuclear accord with Iran slams shut what had been a brief opening for historic aircraft sales by Boeing Co. and Airbus SE to the Islamic Republic. President Donald Trump’s announcement that the US would seek to reimpose sanctions left little hope that the planemaking duopolists will be able to consummate $40 billion in aircraft ...

Bloomberg Fast Retailing Co., owner of the Uniqlo casual-wear brand, will open its first store in India next year as Asia’s largest retailer looks to tap consumers in a country with more than 1.2 billion people. The Japanese company’s opening of a New Delhi store in the autumn of 2019 has been long in the making. Tadashi Yanai, Fast Retailing’s ...

Bloomberg Walmart Inc. agreed to buy a controlling stake in India’s biggest online retailer, striking a blow against rival Amazon.com Inc. as the battle for e-commerce supremacy goes global. The world’s largest retailer will acquire a 77 percent holding in Flipkart Group for $16 billion, the companies said in a statement. Flipkart co-founder Binny Bansal and other shareholders will hold ...

Bloomberg WestJet Airlines Ltd. dropped the most in more than two and a half years after it said increased spending to create a new low-cost unit and expand overseas will vastly exceed revenue growth. Costs for each seat flown a mile, excluding fuel and employee profit sharing, will climb as much as 8.5 percent this quarter, Canada’s second-biggest carrier said. ...

Bloomberg JD.com Inc. reported quarterly profit that fell short of analyst expectations as the Chinese online shopping giant ramps up the construction of physical shops and warehouses amid rising competition from Alibaba Group Holding Ltd. Adjusted earnings-per-share were 11 cents in the three months ended March, missing the 0.81 yuan average of analyst estimates. While sales for the quarter rose ...

Bloomberg British Airways parent IAG SA’s approach for Norwegian Air Shuttle ASA was opportunistically pitched to coincide with the discount carrier’s weakest period for earnings, according to Bjorn Kiese, its chairman. “It wasn’t a coincidence that this came at this time,” Kiese said at Norwegian’s annual shareholder meeting. “April, May is the weakest part of the cycle, also for the ...

Bloomberg President Donald Trump said the US will withdraw from the landmark 2015 accord to curb Iran’s nuclear program and that he would reinstate financial sanctions on the Islamic Republic, casting the Mideast into a new period of uncertainty. “The fact is this was a horrible one-sided deal that should have never ever been made,” Trump said at the White ...

ABU DHABI / WAM The Abu Dhabi City Municipality (ADM) completed the e-link project with Abu Dhabi Judicial Department — as part of both government institutions efforts to leverage performance, improve customer services, facilitate procedures and enhance communication channels. Under the project, official transactions will be based on a centralised digital system for both parties, as of March 2018. It ...