Bloomberg The fallout from India’s biggest banking fraud is spreading to the market for trade financing, as foreign lenders become more reluctant to accept the guarantees from their local counterparts that underpin the loans. Citigroup Inc., Deutsche Bank AG, Standard Chartered Plc and HSBC Holdings Plc are among banks reducing exposure to these transactions, used by smaller companies to access …

Bloomberg American Airlines Group Inc. and Australia’s Qantas Airways Ltd. aren’t taking no for an answer in their bid to deepen ties on flights across the Pacific. The carriers are asking US regulators a second time for permission to coordinate fares and schedules, revamping an earlier request in response to concerns that the combination would hurt competition. American and Qantas …

Bloomberg EBay Inc., operator of the namesake online marketplace, is close to a deal for the Japanese assets of e-commerce site Qoo10, a person familiar with the matter said. The San Jose, California-based company is buying the assets from its joint-venture partner Giosis Pte, the person said, asking not to be identified as the details are private. Under the proposed …

Bloomberg Shoprite Holdings Ltd. said rising consumer confidence in South Africa could fuel higher sales growth as the continent’s biggest food retailer increased the dividend and reported market share gains in its home country. The half-year payout to shareholders will be raised by 14 percent, about in line with a year ago, Shoprite said. That followed a six-month period in …

Bloomberg Dutch vitamin maker Royal DSM NV is finding direct-to-consumer sales good for its corporate health. After years of supplying ingredients to health-food companies, DSM began dabbling with its own range of supplements to sell at retail about six years ago. The growth of the business, called I-Health, far exceeded the company’s hopes, and it’s set to turn over about …

Bloomberg Never mind being No. 1. Ed Sonshine is too busy trying to Amazon-proof his Canadian shopping-mall empire by turning them into hip urban oases. The chief executive officer of RioCan Real Estate Investment Trust has inked deals to sell 19 assets in the past four months, part of his drive to unload about C$2 billion ($1.6 billion) worth of …

BARCELONA / WAM The United Arab Emirates is ranked first for the highest-Fiber-to-the-Home (FTTH) penetration among all its global counterparts for a second year in a row, according to the FTTH Council. The council published its annual report that highlighted UAE with a coverage of 94.3 percent compared to countries such as Singapore (90.3 percent), South Korea (81.6 percent), Hong …

Bloomberg US stocks rose to a three-week high, as renewed gains in Treasuries that pushed yields further below 2.9 percent alleviated angst that higher rates would accelerate tightening. The dollar strengthened. The S&P 500 Index climbed for a third day, joining gains in European and Asian equities. Volume was low as investors await the first public comments from Federal Reserve …

Bloomberg Singapore paved the way for a third derivatives exchange in the city, a month after Deutsche Boerse AG called quits on its ambition for a futures venue in the Asian nation. Asia Pacific Exchange Pte, backed by Chinese investors, has received licenses from the Monetary Authority of Singapore to operate a derivatives exchange and clearinghouse, Chief Executive Officer Eugene …

Bloomberg Big oil tankers sailing from the US are set to bring along some benefits for refiners in Asia while allowing them to sidestep traders serving the world’s top crude-buying region. The new option to load oil into very large crude carriers at the US Gulf Coast terminal operated by the Louisiana Offshore Oil Port, or LOOP, will reduce costs …