Bloomberg The timing couldn’t be much worse for Asia’s biggest airshow as the novel coronavirus roils the aviation industry. The outbreak has prompted scores of companies and VIPs to pull out of the Singapore Airshow, including F-35 fighter-jet maker Lockheed Martin Corp and Commercial Aircraft Corp of China (Comac). Industry leaders Boeing Co and Airbus SE, which usually count on ...

Bloomberg The US Transportation Department’s Inspector General is opening a new review of how regulators decided on pilot-training requirements for Boeing Co’s grounded 737 Max. The Inspector General is beginning an audit of domestic and international pilot training standards, it said in a press release. The evaluation was requested by Democratic and Republican lawmakers. The audit will focus on the ...

Bloomberg Philippine Airlines Inc and Cebu Air Inc have suspended their Taiwan flights after the Southeast Asian nation expanded its travel ban on the novel coronavirus. The order temporary barring the entry and departure of foreign nationals from China, Hong Kong and Macau will also cover Taiwan, the Bureau of Immigration said. Both carriers suspended the Taiwan flights starting from ...

Bloomberg Simon Property Group Inc agreed to buy rival US shopping-mall operator Taubman Centers Inc for about $3.6 billion, a combination that comes as e-commerce continues to roil brick-and-mortar retail. Simon will pay $52.50 a share in cash for all of Taubman’s common stock, the companies said in a statement. That’s about 51% more than Taubman’s closing share price on ...

Bloomberg JD Sports Fashion Plc’s purchase of Footasylum may harm competition and leave shoppers worse off, the UK’s antitrust regulator said. The UK’s Competition and Markets Authority (CMA) said its provisional view is that the transaction could lead to “a substantial lessening of competition in the retail supply of sports-inspired casual footwear.” The regulator, asked for feedback on its findings. ...

Bloomberg Ocado Group Plc forecast retail revenue growth of as much as 15% this year as it starts to sell products from Marks & Spencer Group Plc and sets up the first of its robot-run delivery systems for supermarkets abroad. The UK online grocer says it’s on track to launch its joint venture (JV) with M&S in September and open ...

ABU DHABI / WAM The value of the liquidity withdrawn by the Central Bank of the UAE (CBUAE), from the market in 2019 totalled AED22 billion, highlighting the surplus liquidity in the UAE’s banking system. The CBUAE manages the country’s monetary policy to serve the national economy in general, through a variety of instruments. Certificates of Deposit (CDs) represent one ...

Bloomberg Oil held near $50 a barrel in New York on signs that the Organisation of Petroleum Exporting Countries (Opec) and its allies probably won’t go ahead with an emergency meeting, even as a global oversupply piles up. While the coalition’s technical experts have recommended a production cutback as Asia’s coronavirus batters demand, Azerbaijan’s Energy Minister Parviz Shahbazov told the ...

Bloomberg NMC Health Plc, the operator of the biggest network of hospitals in the UAE, said its chairman will be removed from board discussions after he said he may have misreported the size of his stake. Chairman Bavaguthu Raghuram Shetty is conducting a legal review into the size of his stake, NMC said on Monday. The company is asking its ...

DUBAI / WAM Aramex announced its financial results for fourth quarter and full year (FY), ending December 31, 2019. According to a press statement issued by Aramex on Monday, full year 2019 revenue increased by 3 percent to AED5,246 million, compared to AED5,086 million in FY 2018. FY 2019 net profit increased 1 percent to AED497.4 million, compared to AED492.6 ...