Bloomberg The possibility of merging Deutsche Bank AG and Commerzbank AG has won the backing of German officials who are seeking a new champion that would protect the nation’s economy from an exodus of foreign capital. The government is in favour of a tie-up between its two biggest banks to create a heavyweight that would finance Germany’s export-oriented economy, according ...

Bloomberg Bank of England (BOE) policy makers have the chance this week to share their thoughts on interest rates now that Governor Mark Carney has said he’s sticking around for longer. Four members of the Monetary Policy Committee are making public appearances — including the first speeches by Dave Ramsden and Gertjan Vlieghe since officials voted to hike interest rates ...

Bloomberg Nigeria’s central bank has revoked the operating license of Skye Bank Plc. and established Polaris as a bridge bank to takeover its assets and liabilities. “The strategy is for the Asset Management Company of Nigeria, Amcon, to capitalise the bridge bank and begin the process of sourcing investors to buy out Amcon,” Central Bank of Nigeria Governor Godwin Emefiele ...

Bloomberg Bitcoin fraudsters are misusing the names of Singapore PM Lee Hsien Loong and his deputy Tharman Shanmugaratnam to tout investments, prompting a warning from the premier. “Scammers have used DPM Tharman’s and my name to solicit Bitcoin investments,” Lee said. “Don’t believe everything you see on the Internet!” Lee in a Facebook post used the crypto example to highlight ...

Bloomberg As the contentious $39 billion takeover saga for Sky Plc draws to a close, boutique banks appear poised to reap some of the richest rewards. PJT Partners Inc., Robey Warshaw LLP, Evercore Inc. and Centerview Partners are the small advisory shops that worked on the battle between Comcast Corp. and Twenty-First Century Fox Inc. for control of Sky. The ...

Bloomberg India’s prime minister is facing allegations his administration acted improperly on a multi-billion dollar warplane contract with France, keeping alive a controversial issue that could dent the ruling party’s reputation as it heads to elections next year. Francois Hollande was president when Indian PM Narendra Modi visited France and signed an $8.7 billion deal for Dassault Aviation Rafale aircraft ...

Bloomberg Pilots operating a Jet Airways India Ltd. flight forgot to turn on a switch that maintains optimal pressure in the cabin during ascent, causing injuries to some aboard. About 30 of the 166 passengers aboard the Boeing Co. 737 aircraft from Mumbai to Jaipur suffered bleeding in their noses, and a few in their ears, forcing the plane to ...

Bloomberg Singapore Airlines Ltd. took delivery of the Airbus SE A350-900 ultra long range aircraft to start a non-stop service to New York, a journey of about 19 hours that will become the world’s longest. The first commercial flight between Singapore and Newark Liberty International Airport will be on October 11, Singapore Air said in a statement. This is the ...

Bloomberg In the 1990s heyday of “cool Britannia,” designers John Galliano and Alexander McQueen ruled the runway, Burberry’s tartan was the design of the moment and model Kate Moss zipped around the globe to the tune of Oasis and the Spice Girls, sporting a Union Jack blazer. But the music has stopped and today’s fashion kids are more likely to ...

RIYADH / WAM The member countries of the Saudi-led Arab Coalition to Support Legitimacy in Yemen have provided a total of $17.6 billion worth of assistance in three years. “Out of this assistance, the Kingdom of Saudi Arabia, accounted for more than $11.5 billion,” said Dr Abdullah Al Rabeeah, the Supervisor-General of the King Salman Humanitarian Aid and Relief Centre, ...