Bloomberg The Indian central bank’s tendency to overestimate inflation has prevented it from cutting interest rates further and cost the economy, according to one of Prime Minister Narendra Modi’s advisers. “Their view of the economy doesn’t seem to be correct,” and by keeping rates high, they “have imposed a high output sacrifice,” said Ashima Goyal, a member of Prime Minister’s ...

Bloomberg Central bankers are starting to see promising results from one of the recent additions to their monetary policy toolbox. Lending curbs to stem financial risk — so-called macroprudential limits — have helped slow risky borrowing and temper property price bubbles in countries from New Zealand to Canada, a host of financial stability reports showed this week. While there hasn’t ...

Bloomberg Asiana Airlines Inc., South Korea’s No 2 carrier, is increasingly dogged by rising borrowing costs just as stiff competition from low-cost rivals looms over a potential rebound in its China business. The Bank of Korea’s first interest-rate increase since 2011 may add to the Seoul-based carrier’s woes by pushing up funding costs, according to Shinhan Investment Corp. The premium ...

Bloomberg Express Scripts Holding Co.’s chief executive said he’s open to a deal with a health insurer or partnering with Amazon.com Inc. CEO Tim Wentworth’s pharmacy benefits company has been battered by departing clients and the vague specter of Amazon’s entry into the drug business. If a major insurer was interested in a deal, “I would be open to it,” ...

Bloomberg Alitalia SpA, the bankrupt Italian airline searching for a rescuer, will get new uniforms designed by one of Italy’s most prominent stylists, the second re-branding in two years. The airline, which is on state support, said that Alberta Ferretti will renew the company’s look “to ensure that all personnel, both ground and flight staff, is comfortable in each working ...

Bloomberg Tiffany & Co. fell the most in more than two months after stagnant sales worldwide showed the jeweller’s efforts with new designs and store renovations has yet to resonate with more customers. Same-store sales—a key retail metric—were flat globally and in North America last quarter, while they tumbled 8 percent in Europe, the company said. The results sent the ...

Abu Dhabi / Emirates Business In an age when dining experiences across the globe are exploring new realms of freshness and health, food enthusiasts in Abu Dhabi will get to savour a never-before fine line up of fine delicacies prepared to perfection by master chefs. The new menu at Waterlemon Restaurant & Cafe in Abu Dhabi promises diners a gourmet ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has attended the March of Union on Sunday as part of the Sheikh Zayed Heritage Festival 2017 in Al Wathba, Abu Dhabi, on the occasion of the 46th National Day. The march organised by ...

Dubai / Emirates Business Dubai Land Department (DLD) has announced that in line with a regulatory decision issued by His Excellency Sultan Butti bin Mejren, Director General of DLD, it has closed its Records Department to make the transition to a fully smart archiving system. To achieve the transformation, DLD has collaborated with a company specialised in photovoltaic archiving. The ...

ABU DHABI / WAM Senaat on Sunday announced its support to the 8th edition of Sheikh Zayed Heritage Festival, one of the most celebrated cultural festivals in Abu Dhabi. Held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the festival is an annual event established to honour the UAE’s founding father, the late Sheikh Zayed ...