Bloomberg India’s central bank kept interest rates unchanged for the fourth straight meeting and cut its inflation forecast citing lower food prices. Reserve Bank of India Governor Urjit Patel and his monetary policy committee retained the benchmark repurchase rate at 6 percent. The move was predicted by all 42 economists in a Bloomberg survey. Five of the six-member MPC voted ...

Bloomberg Japanese banks, long content to foster the nation’s love for cash, are now diving into digital payments thanks to a regulatory change that threatens to usher in new rivals. In recent months, lenders around the country have announced a flurry of initiatives designed to grab a slice of the $50 billion market for electronic settlements. Projects are under way ...

Bloomberg Danske Bank A/S unveiled a set of broad changes to its management team, replacing its head of wealth management and appointing a new finance chief as part of a plan it says will make its business more efficient. The reorganisation was announced just one day after Denmark’s biggest bank, which is based in Copenhagen, said an executive who had ...

Bloomberg Bank of Nova Scotia and Toronto-Dominion (TD) Bank have some of the widest gender pay disparities among Canadian lenders in their UK operations, according to regulatory disclosures. Scotiabank, Canada’s third-biggest len-der, pays women 44 percent less than men on average in the UK, with the gap widening to 72 percent for bonuses, according to regulatory disclosures. Scotiabank’s London operations ...

Bloomberg Deutsche Bank AG Chairman Paul Achleitner is facing intense pressure to clarify the future of Chief Executive Officer John Cryan within days, according to a person familiar with the inside workings of the bank. Supervisory board members will discuss the situation in an “update call” scheduled by Achleitner for Sunday evening, said two people familiar with the matter, who ...

Bloomberg American Airlines Group Inc. ordered 47 Boeing Co. 787 Dreamliners for long-range flying, expanding its fleet of the advanced carbon-composite jetliners and dealing a blow to Airbus SE’s ambitions to expand its wide-body aircraft sales in the US. In a related move, American cancelled an order for 22 of Airbus’s twin-aisle A350 jets, a purchase placed by predecessor carrier ...

Bloomberg IndiGo, the only airline to have publicly shown interest in buying parts of Air India Ltd., said it’s no longer keen on the state asset, dealing a blow to Prime Minister Narendra Modi’s most high-profile privatisation plan. India’s biggest airline, operated by InterGlobe Aviation Ltd., said it doesn’t have the wherewithal to acquire Air India in its entirety and ...

Bloomberg China’s proposed aircraft tariffs take aim at Boeing Co.’s main source of profit, the 737 jetliner family, while exempting a popular upgraded model needed to fuel the rapid growth of the country’s airlines. Boeing’s best-selling plane, the 737 Max 8, would narrowly escape the retaliatory measure, based on the weight limits outlined by the Chinese government, Douglas Harned, an ...

Bloomberg PT Mitra Adiperkasa, the Indonesian operator of global brands including Starbucks, Zara as well as Marks & Spencer, is predicting that a recovery in consumer spending will sustain its highest revenue growth in three years. The retailer forecasts a revenue increase of 15 percent for a second year as consumers splurge more on Inditex SA’s Zara-branded clothes and Tumi ...

MANAMA / Reuters A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the kingdom’s biggest ever find, Bahrain’s oil minister said. Bahrain said it had discovered extensive tight oil and deep gas resources off the west coast of the kingdom. Independent appraisals by US-based oil consultants DeGolyer and MacNaughton ...