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Bloomberg Deutsche Bank AG told UK regulators that it’s facing persistent issues in processing high-value payments in the country, a further sign of the IT problems plaguing the lender. The German lender met with Bank of England officials two weeks ago to explain disruptions of payments going through the BoE’s high-value payments system CHAPS on several days in October, according ...

Bloomberg The African Development Bank (AfDB) will discuss 59 projects valued at $67 billion with dealmakers at its flagship investment conference. The deals, which span 29 countries, range from regional infrastructure development to investments in energy, financial services, urban housing and small business support, AfDB President Akinwumi Adesina said in an interview in Johannesburg. “The focus is really on the ...

Bloomberg Goldman Sachs Group Inc’s co-head for India business, Vijay Karnani, is retiring from the bank after 21 years with the company, according to a memo seen by Bloomberg News. Karnani joined Goldman Sachs in 1998 as an associate in equity capital markets and moved to the equity derivatives team in Hong Kong in 2000, the memo shows. He became ...

Bloomberg Credit Suisse Group AG’s investment bank chief stepped down, adding to months of turmoil at the top that started with the departure of its wealth management head and culminated in a spying scandal. Jim Amine decided to resign as chief executive officer of the investment banking and capital markets division and leave the executive board, taking the role as ...

Bloomberg Ten coal-fired power plants near India’s capital of New Delhi are poised to miss a December deadline to install pollution control devices that would have curbed premature deaths linked to toxic emissions. Eight of the plants, whose operators include Vedanta Ltd, Larsen & Toubro Ltd (l&T) and Uttar Pradesh Power Corp, have yet to order the required flue-gas desulfurisation ...

Bloomberg Shares of Chinese electric-car makers fell in the wake of a Bloomberg News report that said regulators may cut subsidies further on the embattled industry. BYD Co, China’s biggest maker of new energy vehicles, slid 2.8% in Hong Kong. BAIC BluePark New Energy Technology Co, the country’s biggest maker of pure electric cars, retreated 2.9% in Shanghai, while Contemporary ...

Bloomberg India’s Hindalco Industries Ltd posted a 33% decline in quarterly profit as a slide in metal prices and weak demand squeezed margins. Group net income fell to 9.74 billion rupees ($136 million) during the three months ended in September from 14.5 billion rupees a year earlier, the aluminum and copper producer run by billionaire Kumar Mangalam Birla said. Sales ...

Bloomberg Singapore pledged more incentives to encourage green lending, measures that may propel its way in a race to be a global sustainable-financing hub. The city-state will launch a $2 billion green investments programme, according to Monetary Authority of Singapore board member Ong Ye Kung. The central bank’s funds will go to projects with a “strong green focus,” and to ...

Bloomberg India’s Commerce and industry minister Piyush Goyal will meet his counterpart US Trade Representative, Robert Lighthizer, on November 13 to discuss “outstanding bilateral issues,” the government said in a statement. The talks come days after India exited a China-backed trade agreement covering much of Asia, citing domestic concerns. Goyal will also take part in the BRICS trade ministers’ meeting ...

Bloomberg Tesla Inc unveiled its first vehicles built in China, a milestone for Elon Musk’s company as it prepares to start sales of domestically-made electric sedans in the world’s largest auto market. Assembled in Tesla’s new Shanghai Gigafactory, which only broke ground in January, the first Model 3 sedans came in blue and were emblazoned with the brand name in ...