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Bloomberg Deutsche Bank AG has called off talks to sell its retail and private wealth businesses in India to IndusInd Bank Ltd., people with knowledge of the matter said. The German lender is considering keeping the operations after former Chief Executive Officer John Cryan stepped down this month, the people said, asking not to be identified because the information is ...

TOKYO / Reuters The Bank of Japan will likely maintain its view inflation will reach its 2 percent target next fiscal year and project it will stay near that level the following year, in new forecasts due out next week, sources familiar with its thinking said. But the central bank will reassure markets it is nowhere near an exit from ...

Bloomberg The franc is within striking distance of what was once one of the most heavily defended boundaries in global markets. Having touched a three-year low of 1.19 per euro on Tuesday, the franc is now less than a centime away of the 1.20 mark at which the Swiss National Bank had its minimum exchange rate until early 2015 — ...

Bloomberg Ikea Group, the world’s largest furniture retailer, is getting ready for a future where people have little to spare: both in their wallets and in terms of space. The Swedish furniture giant is now abandoning its custom of planning five to 10 years ahead, setting a new three-year approach to keep pace with a rapidly transforming society. The strategy ...

SINGAPORE / Reuters Singapore state investor Temasek Holdings has expressed interest in buying into Chinese conglomerate HNA’s Hong Kong-based carriers, Hong Kong Airlines and Hong Kong Express Airways, according to a source familiar with the matter. However, an investment in the unlisted Hong Kong carriers by Temasek remains subject to a due diligence process that has yet to begin, said ...

FRANKFURT / Reuters France’s Dassault Aviation aims to take the lead on the development of a new European fighter jet, its chief executive told a German magazine. “Experience has shown, if you want a defence project to be successful it needs someone to be responsible, a leader,” German weekly WirtschaftsWoche quoted Eric Trappier as saying in an interview. France and ...

DUBAI / Emirates Business Airbus will intensively contribute to the next steps in finding a global standard for mission-critical multimedia group communication. After the 3rd Generation Partnership Project’s (3GPP) completion of release 14 of secure multimedia group communication in December 2017, Airbus and its partners within 3GPP are now working on release 15 and 16 by the end of 2019. ...

Bloomberg Boeing Co. 787 Dreamliner planes equipped with a batch of potentially faulty Rolls-Royce Holdings engines face restrictions on how far they can fly following a ruling by the US Federal Aviation Administration (FAA). The measure, which Boeing has said affects about a quarter of in-service 787s, restricts the planes from operating more than 140 minutes from a diversionary airport, ...

Bloomberg The parent of Allegiant Airlines dropped following a “60 Minutes” segment detailing a high number of what the programme called “midair breakdowns” at the budget carrier. “Public documents show an alarming number of aborted takeoffs, cabin-pressure loss, emergency descents and unscheduled landings,” according to a report the CBS programme. The segment included interviews with shaken passengers and prominently featured ...

NEW YORK / Reuters The global economy is set to grow at a faster clip than anticipated in 2018, due mostly to lower tax rates in the United States, but tensions over trade threaten to derail months of synchronised global expansion, the Institute of Internatio-nal Finance (IIF) said on Monday. The Institute, a global financial industry association, lifted its forecast ...