Bloomberg The Bank of Spain is debating how to handle an in-house study of wealth and income disparities which risks landing the institution in the middle of a political storm, according to two people familiar with the matter. Rather than publish the analysis in its signature annual report, which carries the stamp of the governor and sets out the official ...

Bloomberg JPMorgan Chase & Co. plans to offer sophisticated investments to a much broader clientele. The bank is slashing requirements to participate in certain alternative investments that its asset management arm once offered mainly to institutions or the ultra rich. That will allow it to accommodate more allocations made through registered investment advisers. The new minimum buy-in will be $100,000, ...

Bloomberg A tense scene unfolded inside Deutsche Bank AG’s Manhattan tower just hours before news began leaking that the firm was looking for a new chief executive officer. US regulators on that day in late March gave senior executives a stern warning that remains in effect: Europe’s biggest investment bank, they said, must act more urgently to fix lapses described ...

Bloomberg Southwest Airlines Co. said it has sent some aircraft-engine fan blades to the manufacturer for inspection, though the carrier’s own review found no faults like the one that caused a blade to crack in flight, leading to a passenger’s death last month. The carrier completed inspection on 35,500 blades, Chief Executive Officer Gary Kelly said at the airline’s annual ...

Bloomberg Ocado Group Plc soared to a record after Kroger Co. agreed to buy a stake in the UK online grocer, which is breaking into the US market with a landmark deal to license its home-delivery technology to the supermarket chain. Ocado’s first US licensing pact marks Kroger’s response to Amazon.com Inc.’s purchase of Whole Foods Market Inc., which extended ...

Bloomberg Tencent Holdings Ltd. climbed after delivering record profit that topped analyst estimates, calming investors who’d braced for a big hit to margins. The stock jumped 3.7 percent in Hong Kong, conceding some of its earlier gains. China’s largest social media and gaming company posted a faster than expected 61 percent jump in net income last quarter as growth on ...

Bloomberg Rovio Entertainment Oyj said its profitability improved in the first quarter after the Angry Birds game maker spent less on winning over users for its games and saw cost efficiencies in brand licensing. Adjusted earnings before interest, tax, depreciation and amortisation grew 43 percent to 14.6 million euros ($17.3 million). The earnings margin rose to 22.2 percent of sales, ...

ABU DHABI / WAM Hussein Al Nowais, Chairman of National Petroleum Construction Company (NPCC), a subsidiary of the Senaat Abu Dhabi, announced the company achieved a profit of AED700 million in 2017, an increase of 57% that the previous year, despite impact of low oil prices. Its revenues increased 21% to AED5.7 billion, an indicator of comp- any’s topline performance. ...

DUBAI / WAM UPS officially opened its new 32,000 square metre package sorting and delivery facility in the south east of England. At $163 million, the new London Hub is one of UPS’s largest single infrastructure investments outside of the United States in the company’s history. “Every single day, we see evidence of a more inter-connected world of commerce. And ...

Bloomberg US stocks advanced as consumer shares got a boost from Macy’s Inc.’s results and Treasuries rebounded from Tuesday’s selloff. The euro fell amid political uncertainty in Italy. The S&P 500 Index pushed above its average price for the past 100 days, with Macy’s results providing more insight into the strength of the American consumer. The 10-year note yield slipped ...