Bloomberg Danske Bank A/S earned more money in the first quarter than expected as Denmark’s biggest lender saw an increase in interest income and kept costs under control. Net income was 4.9 billion kroner ($796 million), less than a year earlier, but beating the 4.7 billion-krone estimate of analysts surveyed by Bloomberg. Net interest income was broadly in line with …

Bloomberg Argentina investors say the central bank’s extraordinary effort to bolster the peso may be just the beginning, with more such actions to be expected if the currency doesn’t stabilise soon. Policy makers’ decision to raise the key interest rate 3 percentage points to 30.25 percent, a surprise move announced just days after they held borrowing costs, led the peso …

Bloomberg US carriers sank after American Airlines Group Inc. trimmed its profit forecast and Southwest Airlines Co. said ticket sales had slowed after its first passenger fatality. A jump in fuel prices over the last two weeks prompted American to cut its expected earnings for this year because “it takes time to adapt,” Chief Executive Officer Doug Parker said. Southwest …

Bloomberg Malaysia Airports Holdings Bhd. plans to double Kuala Lumpur International Airport’s capacity as it seeks a bigger slice of the 2.1 billion more passengers expected in Asia Pacific in the next two decades. The company is looking to raise the capacity to 150 million, from the current 75 million, in the next 10 to 20 years, Raja Azmi Raja …

Bloomberg Lotte Group’s retail unit is selling 22 of its stores in Beijing to China-based grocer and hypermarket rival Wumei Holdings Inc. for 256 billion won ($237 million), the Chosun Ilbo newspaper reported, without saying where it got the information. Lotte Shopping Co. has taken a sales hit in China over the past year after the group provided land for …

Bloomberg Norwegian Air Shuttle ASA said it has attracted interest from other potential suitors since the revelation that British Airways parent IAG SA may bid for the company. Norwegian received several inquiries after IAG disclosed that it was building a stake and might make a formal offer, it said, sending the stock 16 percent higher. Chief Executive Officer Bjorn Kjos …

Bloomberg EBay Inc. gave a disappointing forecast for revenue growth in the second quarter, taking the shine off Chief Executive Officer Devin Wenig’s turnaround strategy. The online marketplace said sales will be $2.64 billion to $2.68 billion in the second quarter, while analysts were projecting $2.68 billion. The outlook stirred concerns about the company’s ability to return to consistent growth …

NEW YORK / WAM Zaki Nusseibeh, Minister of State, has urged UN agencies and member states to take collective action to identify countries that support and finance terrorism, and hold them accountable, reaffirming the UAE commitment to peacebuilding in the Middle East and beyond. The minister made the remarks on the sidelines of his participation in the two-day United Nations’ …

Bloomberg The European Union warned about the costs of a trans-Atlantic trade war while bracing for one to erupt after the US signalled it will reject the bloc’s dem-and for an unconditional waiver from metals-import tariffs. “A trade war is a losing game for everybody,” Belgian Finance Minister Johan Van Overtveldt told reporters in Sofia. “We should stay cool when …

Hassan Soukar Over the past few years there has been a remarkable surge in demand for second citizenships among high-net-worth expatriates living in the UAE. But the spike in interest for acquiring second passports has been all-time high in the first three months of 2018. The whole industry is coming of age. The second passports are not only seen just …