Bloomberg Yes Bank Ltd. fell after India’s central bank reprimanded it for selectively revealing a “confidential” report by the regulator that led to a 30 percent surge in the lender’s shares. The regulator called the disclosure a “deliberate attempt” to mislead the public. The risk assessment report on Yes Bank prepared by the Reserve Bank of India identified several lapses …

Bloomberg When HNA Group Co. became Deutsche Bank AG’s top shareholder in early 2017, the German lender’s shares were trading near two-year highs and the fledgling Chinese airline was voicing ambitions of turning into a big player on Wall Street. Then both firms ran into roadblocks. HNA has since lost its seemingly insatiable appetite for growth, embarking on a selling …

Bloomberg DBS Group Holdings Ltd.’s chief executive said rich clients are getting more active in trading again, recovering from fourth-quarter turmoil that caused a slump at its wealth management unit. “People just froze” because of the equity market sell-off late last year, Piyush Gupta said in an interview with Bloomberg Television on Monday, soon after his bank reported a 10 …

Bloomberg The slowdown of the European economy is “significant” and the European Central Bank could change its interest-rates guidance if it becomes clear the situation isn’t temporary, Governing Council member Francois Villeroy de Galhau said. The extent of the weakness at the end of 2018 has taken policy makers by surprise, with Italy entering recession and Germany narrowly avoiding the …

Bloomberg The collapse of British regional airline flybmi over higher fuel prices and Brexit uncertainty has forced stranded passengers across Europe to fend for themselves, without the prospect of help from the UK government. UK student Mary Ward was in Brussels waiting for a flight to Newscastle when she received the airline’s text that said all flights had been cancelled, …

Bloomberg Yayvo, Pakistan’s second-largest online retailer, is planning to bring in new investors amid competition from Alibaba Group Holding Ltd. The e-commerce company has appointed advisers to help with the fundraising, Yayvo’s head, Adam Dawood, said in an interview in Karachi last week. Yayvo aims to start meeting with potential investors in the Middle East and China next month, according …

Bloomberg Payless Inc. is liquidating its US and Puerto Rico stores and shutting down its online operations as the upheaval in the retail industry claims its latest victim. The discount shoe chain is starting liquidation sales on February 17, and expects the stores to remain open until at least the end of March, according to a statement. The company was …

Bloomberg The news started coming thick and fast even before the sun was up over Airbus SE’s headquarters in the French city of Toulouse. There was a lot to digest: earnings, writedowns, cancelled and shifted orders, and not least the landmark decision to end production of the A380 doubledecker, an albatross of a plane that had hung awkwardly around the …

ADELAIDE / WAM The United Arab Emirates Space Agency (UAESA), signed a Memorandum of Understanding (MoU), with the Australian Space Agency, which aims to promote the exchange of best practices, knowledge sharing and enhance cooperation and collaboration between both parties in support of space research and technology The MoU was signed at the Australian Space Agency in Lot Fourteen, Adelaide, …

Abu Dhabi / WAM The UAE Armed Forces awarded AED4.971 billion in contracts on the first day of the International Defence Exhibition and Conference (Idex 2019), and Naval Defence and Maritime Security Exhibition (Navdex 2019), with the lion’s share of deals going to national companies. Speaking at a press conference Staff Brigadier-General Mohammed Al Hassani, Official Spokesperson of Idex 2019, …