Bloomberg Al Jaber Group agreed with banks to restructure $1.5 billion of debt for a second time, people with knowledge of the plan said. The group is close to signing a deal with about 20 creditors to push out loan maturities to December 2026, said the people, asking not to be identified because the information is private. In return, Al ...

Bloomberg Oil gained after suffering its biggest drop on the day of an Opec meeting in more than four years. Futures rose 0.8 percent in New York after an industry report showed US oil inventories fell by almost 5 million barrels last week. Prices were still far from recouping the 4.8 percent decline, when concerns about the global economy overshadowed ...

DUBAi / Emirates Business As we move into the second half of 2019, the property prices in Dubai continue to be attractive for both tenants and investors as per Bayut’s latest H1 market report. Based on the comparison of prices between H2 of 2018 to H1 of 2019 there is a perceivable shift in interest towards competitively-priced areas when it ...

Bloomberg US stocks advanced to fresh records in thin trading ahead of a holiday. The rally in global bonds extended as investors weighed the prospect of more dovish appointees to two of the world’s major central banks. Ten-year Treasury yields dipped to the lowest since November 2016 on rising market bets that the Federal Reserve will cut rates this month. ...

Bloomberg Most Indian equities advanced and key indexes eked out gains ahead of the federal budget due on Friday. Investors are counting on the government to provide stimulus for an economy growing at its slowest pace in several years. The benchmark S&P BSE Sensex added 0.1 percent to 39,839.25 in Mumbai, after fluctuating between a gain of as much as ...

Bloomberg Within days of announcing he will step down, the chief executive officer of Nordea Bank Abp has revealed his thoughts on an activist investor that repeatedly slammed his firm. Casper von Koskull, who said that he plans to retire by late next year when he turns 60, acknowledged that the frequent public criticisms by shareholder Cevian Capital AB were ...

Bloomberg Large European banks need about 135 billion euros ($153 billion) to comply with the latest capital standards agreed to by the Basel Committee on Banking Supervision, according to a new estimate that raises the stakes for policy makers and the industry. Global regulators clinched a deal in 2017 on how banks must measure the risk of mortgages, loans and ...

Bloomberg Andrea Orcel has spent his career leading some of the world’s biggest investment banks. Now he may strike out on his own. Orcel is considering starting a boutique investment bank, one of a range of options that may force him to give up tens of millions in deferred pay from his former employer, UBS Group AG, according to people ...

Bloomberg Indian bond traders who were expecting the central bank to keep the cash spigot open may have to rework their calculations. The Reserve Bank of India was expected to hold a reverse repo auction of 250 billion rupees of 63-day duration on Wednesday, the first such move to use the tool for a longer duration to drain cash. It ...

Bloomberg Deutsche Bank AG is sounding out potential buyers for a wide range of unwanted assets as it lays the groundwork for its most dramatic overhaul in recent history, people with knowledge of the matter said. Germany’s largest lender is gauging interest for performing and soured loans as well as assets including equity-related securities and interest rate derivatives, the people ...