Bloomberg Business

United Arab Emirates-based banks are increasing loans to their Turkish counterparts, filling a gap left by Western lenders that have retreated amid concerns over the country’s increasingly restrictive regulatory environment under President Recep Tayyip Erdogan.

Polish banks suffered a defeat at the European Union’s top court, allowing thousands of customers to avoid paying interest on Swiss franc-based mortgages that were deemed unfair by local judges. Lenders’ stocks pared losses after falling as much as 2.5%.

The Philippine central bank plans to require the nation’s largest business groups to disclose their foreign-debt levels due to concern their exposure may be bigger than currently estimated.

London investors should pay more attention to company fundamentals when judging whether to put money into new offerings, WE Soda Ltd. Chief Executive Officer Alasdair Warren said, after pulling a planned listing that was set to become the City’s largest so far this year.

Odey Asset Management has begun the process of hiving off its funds and employees in a move that would likely signal the firm’s end, a culmination of the fallout from fresh sexual assault allegations against its founder Crispin Odey.

India’s trade deficit widened last month after shrinking to a near two-year low in April as exports declined on weakening demand for goods in most parts of the world.

The Bank of England has warned firms offloading pensions in a multibillion-pound market that they need to improve the way they manage reinsurance risks.

Venezuela, the beleaguered oil giant that’s become South America’s poorest nation, sees an economic lifeline beneath the warm and cerulean waters of the Caribbean.