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Bloomberg United Continental Holdings Inc is seeking to oust Avianca Holdings SA’s chairman and largest shareholder, just six months after the two airlines agreed to form a joint venture. The Colombian carrier’s stock jumped the most in nearly three years. The US airline took legal action in Bogota on a defaulted $456 million loan it made to Avianca Chairman German …

Bloomberg Indonesia cancelled flights to and from the nation’s main resort island of Bali after the Mt Agung volcano erupted late on May 24. “Currently flights to and from I Gusti Ngurah Rai Airport have been cancelled.” Polana Pramesti, director general of civil aviation, said on the ministry’s Twitter page. “We will continue to update the latest condition on the …

Bloomberg Taco Bell has set its sights on bringing more Mexican food to India, the third-largest consumer market in the world, as the fast food chain seeks new drivers of growth outside of the slowing US market. The Yum! Brands Inc unit is planning 600 restaurants in the Asian nation over the next decade with master franchisee Burman Hospitality. That’s …

Bloomberg US aviation regulators won’t be rushed and have no timeline on when to return Boeing Co’s grounded 737 Max jet to flight, an official said as the government prepares to hold discussions with dozens of other nations on the plane’s fate. Federal Aviation Administration acting chief Daniel Elwell said the agency’s technical experts will leave “no stone unturned” as …

Bloomberg Massmart Holdings Ltd fell the most in three months as the troubled South African retail chain warned on profit and majority shareholder Walmart Inc sent one its own to help stem declines. Earnings may drop as much as 50 percent in the first five months of the year compared with a year ago, Massmart said, when the company also …

Bloomberg Saudi Aramco agreed to a buy a stake in Sempra Energy’s Texas LNG export terminal, giving the world’s biggest oil exporter a foo-thold in the fast-growing global gas trade. The proposed deal, which also includes an agreement to buy gas from the plant, would mark Aramco’s first entry into production of oil or gas outside Saudi Arabia. Aramco can …

Bloomberg Signs of a turnaround at its marquee Jaguar Land Rover unit may not be enough to ease the challenges facing India’s oldest and most-storied business empire. The Tata Group bought the British luxury carmaker in 2008 for $2.3 billion, and it’s lately become a drag on the salt-to-software conglomerate, racking up losses in three quarters through December. Although Jaguar …

Bloomberg US equity futures dipped and European stocks fluctuated after a mixed session in Asia as investors digested the latest in the Sino-American confrontation over technology. Oil declined while the dollar and Treasuries were steady before the latest Fed minutes. Contracts on the S&P 500, Nasdaq 100 and Dow Jones Industrial Average edged lower with Chinese equities after the White …

Bloomberg Indian equities rose ahead of the official outcome of national elections on Thursday, with nearly all exit polls projecting the re-election of Prime Minister Narendra Modi. The S&P BSE Sensex gained 0.4 percent to 39,110.21 in Mumbai, while the NSE Nifty 50 Index gained 0.3 percent to 11,737.90. The benchmark stock index retreated after closing at a record high …

Bloomberg US central bankers may have “slightly overdone it” by raising interest rates in December, though it’s premature to talk about a rate cut, said Federal Reserve Bank of St. Louis President James Bullard. “Rates are at a good place in the US right now, if anything we are a little restrictive I would say,” Bullard said in an interview …