Bloomberg Swedbank AB may now be facing substantial fines for money laundering that could put pressure on its capital buffers. Sweden’s oldest bank has so far failed to convince markets that it stayed on the right side of the law amid allegations it was used to launder more than $10 billion from the former Soviet Union. A report intended to ...

Bloomberg India delayed the introduction of tough new accounting rules for the second year running, in a move that will spare the country’s banks from adding another layer to the $190 billion pile of bad loans on their books. The Reserve Bank of India said that legislative amendments needed to implement the new Indian Accounting Standards are still under consideration ...

Bloomberg Deutsche Bank AG pledged to reverse years of declining revenue and kept a key profit target intact, striking a more upbeat tone than some rivals as it starts merger talks with Commerzbank AG. The defiant outlook — just two days after UBS Group AG warned that the first quarter was one of the worst environments in recent history — ...

Bloomberg Chinese planemaker Comac is nearing an order from an airline in Ghana, a rare advance overseas for the state-owned company as it attempts to become a real challenger to Boeing Co and Airbus SE. Africa World Airlines Ltd, partly owned by China’s HNA Group Co may agree this month to buy two Comac ARJ21 regional jets, the carrier’s chief ...

Bloomberg Lion Air has started preparations for a domestic initial public offering, people with knowledge of the matter said, as Indonesia’s biggest private carrier seeks to move past an October crash that triggered the crisis surrounding Boeing Co’s 737 Max plane. The company is working with advisers on the planned share sale, which could take place as soon as this ...

Bloomberg Hong Kong’s Department of Health is investigating an outbreak of measles that has infected three workers at the city’s airport. The trio, employees at the Hong Kong International Airport, each developed a rash last week, according to a government statement. Another two cases were announced on Saturday, one involving a man working for an airline and the other, a ...

Bloomberg German food wholesaler Metro AG’s Chinese business has attracted potential bidders including internet giant Tencent Holdings Ltd and domestic buyout firm Citic Private Equity, people with knowledge of the matter said. Metro kicked off its sale of a controlling stake in the Chinese unit this month and first-round offers are expected to be submitted in April, according to the ...

Bloomberg China Feihe Ltd, an infant formula producer, is restarting preparations for a Hong Kong initial public offering that could raise as much as $1 billion, people with knowledge of the matter said. The Heilongjiang-based company plans to sell shares as soon as this year, according to the people. Feihe is working with China Merchants Securities Co and JPMorgan Chase ...

Bloomberg The grounding of Boeing’s 737 Max after a second crash is poised to start percolating through major US economic indicators ranging from international trade to durable goods, according to JPMorgan Chase & Co. For now, the issues affecting the aircraft probably won’t have a short-run impact on gross domestic product because production continues, but they will affect the composition ...

Bloomberg Mubadala Development Co, the Abu Dhabi sovereign fund, and Chinese internet giant Tencent Holdings Ltd are weighing bids for part of Temasek Holdings Pte’s stake in global retailer AS Watson Group, people with knowledge of the matter said. The Singapore state investment company is considering selling around a 10 percent stake in AS Watson for about $3 billion, according ...