Bloomberg Business

Allianz Profit Jumps as Insurance Outshines Asset Management

Allianz SE, the German owner of bond giant Pacific Investment Management Co., said its second-quarter profit jumped from a year earlier as stronger earnings from its insurance business offset weaknesses in its asset management units.

Casino Giant Wynn Expects to Get Gaming License in UAE Soon

Wynn Resorts Ltd. said it expects to soon obtain a gaming license in Ras Al Khaimah, a northern part of the United Arab Emirates near Dubai, raising hopes for what could be the Gulf region’s first casino resort.

India’s Central Bank Pauses Again to Battle With Inflation

The Reserve Bank of India left its key interest rate unchanged for a third straight meeting and ordered banks to set aside more cash to mop up excess liquidity, moves signaling heightened vigilance against food-driven inflation.

Pakistan Dissolves Parliament as Election-Delay Speculation Mounts

Pakistan dissolved the national parliament as Prime Minister Shehbaz Sharif moves to hand over power to a caretaker government in the leadup to elections while his rival Imran Khan seeks a court review on his jail sentence that’s barring him from contesting in the polls.

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