Bloomberg Business

Emirates Urges India to Grant Open Skies Accord as Demand Rises

Emirates President Tim Clark urged India to embrace a so-called Open Skies accord with the airline’s home country that would give carriers greater access to each other’s market, amid rising competition from the likes of Air India Ltd. and Indigo.

Banks’ Riskiest Bonds Rise as Regulators’ Assurances Resonate

Banks’ riskiest bonds advanced in Europe and Asia after panic subsided, and investors heeded regulators’ assurances that the wipeout in Credit Suisse Group AG’s Additional Tier 1 notes wouldn’t happen in their jurisdictions under similar circumstances.