Bloomberg Xiaoyin Zhang, the Goldman Sachs Group Inc. dealmaker who helped bring China’s three largest Internet companies to market, is leaving the firm. Zhang, a partner and head of the China technology, media and telecom group, is retiring after 15 years at Goldman, according to an internal memo obtained by Bloomberg. Connie Ling, a spokeswoman for the New York-based …

  DUBAI / Reuters Bank AlJazira, one of the kingdom’s smaller banks, plans to raise its capital by 30 percent through a bonus share issue, it said. The bank said the capital increase to 5.2 billion riyals from 4 billion riyals ($1.07 billion) would be completed by issuing three new shares for every 10 shares held, paid for by capitalising …

  Bloomberg IndusInd Bank Ltd, the lender backed by India’s billionaire Hinduja brothers, is in advanced talks to acquire micro-finance company Bharat Financial Inclusion Ltd in a share swap, people with knowledge of the matter said. The Mumbai-based IndusInd could announce the purchase in the next month, said the people, who asked not to be identified because the information is …

  Bloomberg Some European banks are seeing their capital ratios come under pressure as the region’s top supervisor takes a more conservative view of their risk models. Last month, the European Central Bank raised the risk-weightings which determine capital at Finland’s biggest financial services group after finding “shortcomings” in its models. Lenders including Bank of Ireland have started to take …

  Bloomberg Alphabet Inc. unveiled new customers and partners for its cloud storage service in an attempt to boost the standing of Google’s business sales unit, which lags behind Amazon.com Inc. and Microsoft Corp. Diane Greene, Google’s cloud chief, named several recent clients at the company’s event in San Francisco, including Colgate-Palmolive Co., HSBC Holdings Plc and EBay Inc. Google …

  Bloomberg Tom Moore, a satellite veteran brought in to lead Google’s Project Loon unit, has stepped down after about six months. Alastair Westgarth, who headed wireless antenna company Quintel, is taking the spot. The transition comes after the company scaled back an ambitious attempt to build a global communications service by circling the earth with high-altitude balloons. X, the …

    Dubai / Emirates Business The LG HOM-BOT vacuum cleaner’s popularity is on the rise across the world, reaching a cumulative sales total of one million since first entering the market seven years ago. After its 2003 domestic launch, the HOM-BOT vacuum cleaner was introduced to more than 40 countries beginning with European markets in 2010, across Asia the …

  Bloomberg Despite the US government’s steps to tackle cybersecurity threats, hackers continue to target federal agencies and they experienced tens of thousands of incidents last year, according to a White House report. The Trump administration released the Office of Management and Budget’s annual report to Congress on federal cyber performance. Federal agencies weren’t immune to broader trends affecting the …

  PARIS / AP It’s no secret that politics infuses fashion — and some critics are interpreting the mania for blue at Paris Fashion Week as a statement of “the blues” about the perceived rise of nationalism across Europe and America. Here are some highlights from Sunday’s star-filled Paris shows — including how a 9-year-old fashionista turned heads at Valentino. …

  PARIS / AP It was designer Elie Saab’s first collection since his coup of dressing Meryl Streep for the Oscars following the actress’ high-profile spat with Chanel. The deep blue embellishments of Streep’s lauded Oscars gown were picked up again in Saturday’s fall-winter Paris show, inspired by the magical, romantic ballet Giselle. Meanwhile, Paris Fashion Week went gaga for …