Bloomberg The Reserve Bank of India’s (RBI) intervention in the foreign-exchange market to protect the rupee that tested a series of record lows in recent months is pushing shorter rates to multi-year highs. The government’s borrowing costs for a three-month Treasury bill surged to the highest in three years at an auction. The weighted average call rate, an interbank …

  Bloomberg Visa Inc said it will dole out annual raises for more-junior employees earlier as it seeks to help staffers battling once-in-a-generation levels of inflation. The payments giant will award the pay increases to employees at the level of senior vice president and below during its fiscal fourth quarter, which ends on September 30, Chief Financial Officer Vasant Prabhu …

  Bloomberg Banco Santander SA earnings beat expectations, as rising revenue helped the Spanish retail-banking giant offset the impact of increased costs and surging inflation. Spain’s biggest lender posted net income of 2.35 billion euros ($2.4 billion) in the second quarter, exceeding the analyst consensus of 2.25 billion euros as net interest income jumped 7.9% from the first three months …

  Bloomberg Deutsche Bank AG’s asset management unit saw outflows for a second consecutive quarter, marking an abrupt end to a period of growth that saw assets under management touch a record last year. DWS group’s clients pulled $25.4 billion in the three-month period, according to a statement. That missed the 403.3 million-euro consensus of inflows forecast by analysts polled …

Bloomberg Stocks rise on Thursday as the prospect of a slower pace of Federal Reserve monetary tightening filtered across global markets. Investors are turning their focus to the busiest day of the earnings season along with key economic data. Mining and energy shares gained in Europe as oil advanced. Solar energy and renewables stocks rallied in Europe and premarket trading …

  Bloomberg Euphoria surrounding Alibaba Group Holding Ltd.’s primary listing plan has evaporated in just two sessions, as focus shifts to the firm’s earnings announcement due next week. Shares of the e-commerce giant slid 1.8% on Thursday, putting it back at levels seen before announcing it would seek the listing status. Goldman Sachs Group Inc. said the move may draw …

  Abu Dhabi / WAM National Marine Dredging Company Group and James Fisher and Sons plc (James Fisher) signed a memorandum of understanding to collaborate on key projects and opportunities in the oil and gas sector as well as decommissioning, offshore wind and marine civil construction industries worldwide. Combining the expertise, global footprint, scale and capabilities of their subsidiaries, NMDC …

Bloomberg Deutsche Lufthansa AG passengers in Frankfurt and Munich faced an almost complete shutdown of operations on Wednesday as a walkout by ground crew forced Europe’s largest airline group to cancel more than 1,000 flights at its two busiest German hubs. The airline axed the services at short notice, slamming unions for causing major damage by escalating a wage dispute …

Bloomberg Wizz Air Holdings Plc will deepen cuts to its summer schedule, doubling down on efforts to combat disruption from a staffing squeeze that’s upended Europe’s transport industry. After announcing a 5% reduction in peak-season seating, Wizz, the region’s third-biggest discount carrier, will extend the cuts to about 10%, Chief Executive Officer Jozsef Varadi said. “We’ve been going through some …

  Bloomberg With a fateful vote a day away, Spirit Airlines Inc is standing alone at the altar despite having two suitors that have spent months trying to acquire the low-cost carrier. Spirit’s proposed merger with Frontier Group Holdings Inc doesn’t have enough support from shareholders, and the acquirer has said it’s not sweetening the terms of the deal any …