New Delhi / Bloomberg IndiGo, India’s largest airline, posted fourth-quarter profit exceeding analysts’ estimates as a slump in crude oil cut fuel costs, helping the carrier offer cheaper fares and garner a bigger share of the world’s fastest-growing air travel market. Net income in the three months through March was almost unchanged at 5.79 billion rupees ($87.3 million) compared ...

  Tokyo / AFP Nissan said it will recall more than 3.8 million vehicles, mostly in North America, because the passenger-side airbag may not deploy in a crash due to a defect in the seat sensor. The Japanese automaker said the global recall would cover 2013-2017 including some Nissan Altima, Leaf, Maxima, Murano, Pathfinder, Sentra and Rogue models. “This recall ...

  Tokyo / Bloomberg Japan’s Sharp Corp. will post a net income loss of 250 billion yen ($2.3 billion) for the year through March, according to the Mainichi newspaper. The company had previously said it expects a loss of 170 billion yen on an operating level. Sluggish sales at the firm’s display and solar battery units were given as reasons ...

  Phnom Penh / AFP Cambodia’s prime minister has ordered a million hectares of forest be included in protected zones as the country faces one of the world’s fastest deforestation rates. The move, which covers five new areas of forest, will bump Cambodia’s conservation zones up by a fifth, bringing more than a quarter of the country’s land under protection. ...

  New York / AFP Negotiators on the ambitious TTIP transatlantic trade pact said they had made significant progress in New York this week and hope for a deal in 2016, despite popular opposition on both sides. Both sides said they would not be deterred by increased attacks on the Transatlantic Trade and Investment Partnership, and did not plan to ...

  Paris / AFP Britain kept its coveted top-grade triple-A credit rating from Standard and Poor’s on Friday, with the agency saying it expected the country to ultimately vote to remain in the European Union. Standard and Poor’s said “our affirmation of the rating reflects our assumption that, by a small majority, the referendum will deliver a vote to remain ...

  Bloomberg The first month of the European Central Bank’s expanded stimulus program has done little to aid the region’s government bonds. Even as the ECB increased its asset-purchase program to €80 billion ($92 billion) in April, from €60 billion, sovereign securities headed for their biggest monthly decline since August, according to Bloomberg World Bond Indexes. Benchmark German 10-year bunds ...

  Bloomberg Oil’s climb above $45 a barrel is reassuring influential figures from BP Plc to the International Energy Agency that the industry is finally recovering from the worst slump in a generation. Others say the market is about to fall into the same trap as last year. There’s a sense of deja vu at Commerzbank AG, BNP Paribas SA ...

  New York / AFP Plunging crude prices battered oil giants’ profits in the first quarter, another blow following credit downgrades, layoffs and drilling cutbacks in the wake of a long rout. Chevron became the latest big oil company to land in the red due to low commodity prices, reporting a loss of $725 million in the quarter ending March 31. ...

  Bloomberg Puerto Rico said its Government Development Bank, which is operating in a state of emergency to preserve its dwindling cash, reached an agreement with some credit unions to delay $33 million of bond payments as the commonwealth rushes toward a potential historic default. The pact only affects a portion of the $422 million that the bank owes on ...