Bloomberg Yes Bank Ltd., the Indian lender that scrapped a $1 billion equity offering last year, has picked Bank of America Corp. and CLSA Ltd. to arrange another attempt at an institutional share sale, people with knowledge of the matter said. The lender, backed by billionaire Rana Kapoor, plans to seek as much as $750 million including a so-called ...

  Bloomberg Credit Suisse Group AG increased its bonus pool 6 percent, defying a trend toward smaller payouts at many of its peers in an effort to prevent an exodus of talent from its investment banking and Asian operations. The bank awarded 3.09 billion francs ($3.1 billion) in incentive pay for 2016, according to its annual report, even as charges ...

  Bloomberg Bulgarians are voting in early parliamentary elections, with former Prime Minister Boyko Borissov’s Gerb party neck-and-neck with the Socialists in a contest that may strengthen Russia’s foothold in the region. In the third snap vote in five years, polls opened at 7 a.m and was to close at 8 p.m. While affirming their commitment to the European Union, ...

  MOSCOW / AP Thousands of people crowded into Moscow’s Pushkin Square on Sunday for an unsanctioned protest against the Russian government, part of a wave of demonstrations taking place throughout the country. Alexei Navalny, the anti-corruption campaigner who is leading the opposition to President Vladimir Putin, was arrested while walking from a nearby subway station to the demonstration, according ...

  Baghdad / AP An airstrike targeting IS militants in the Iraqi city of Mosul that witnesses say killed at least 100 people was in fact launched by the US military, American officials said. US officials did not confirm the reports of civilian casualties but opened an investigation. In the days following the March 17 airstrike, US officials had said ...

  BEIRUT / AP The IS group ordered residents to evacuate the Syrian city of Raqqa on Sunday following reports that a dam contested by US-backed forces upstream on the Euphrates River could collapse, activists reported. The militants said coalition airstrikes had weakened the Tabqa Dam, some 40 kilometers west of Raqqa, and that the water level behind the dam ...

  Abu Dhabi / WAM The UAE is committed to further strengthening trade and economic relations with Mexico and maximising the potentials of their partnership, said Sultan bin Saeed Al Mansouri, Minister of Economy, during a meeting with Francisca Escobar, Mexico’s Ambassador to the UAE. The meeting held at the Ministry’s headquarters in Dubai discussed ways to enhance cooperation in ...

  Sharjah / WAM Air Arabia announced Trabzon as its latest Turkish destination to enter its route network, starting June 23. The new seasonal non-stop service provides passengers with the chance to discover Turkey’s historic port city, in addition to its already existing services to Istanbul. The flight will operate three times weekly on Mondays, Wednesdays and Fridays, departing Sharjah International ...

  Abu Dhabi / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, has said the United Arab Emirates is keen to join global environmental conservation and preservation efforts to protect the environment and reduce greenhouse gases. In a statement marking Earth Hour, a global event observed worldwide to encourage individuals, communities, households and businesses to turn off ...

  Dubai / WAM The Mohammed Bin Rashid Fund (MBRF) announced a new competition as part of the ‘Careers UAE’ fair with a total prize money of AED1 million on offer for future UAE entrepreneurs. The competition named “START”, was launched under Dubai SME, an agency of the Department of Economic Development, DED, in Dubai, and aims to assist unemployed Emiratis ...