Bloomberg Boeing Co. dropped the most in nearly two months on news that the company is weighing a temporary production halt for the grounded 737 Max. With regulatory approval for the jet’s return increasingly likely to slip beyond January, Boeing’s board is considering whether to slow already-pared output of its best-selling jet, a person familiar with the matter said. Some ...

Bloomberg Oil steadied near a three-month high on cautious optimism that a preliminary trade deal between the US and China will support global fuel consumption. Futures held near $60 a barrel in New York after settling at the highest since September 16. While the partial trade deal leaves most of the tariffs built up over the 20-month conflict in place, ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has announced its “Etihad Airways” mobile application is now available on the HUAWEI AppGallery — the official app store preloaded on all HUAWEI& HONOR smartphones and tablets — enabling 390 million global monthly active users in more than 170 countries and regions to manage their journeys with ...

ABU DHABI / WAM Hub71 kicked off a partnership with Endeavour UAE to boost its offering to global scale-ups. The partnership began with a two-day retreat at Hub71 in Abu Dhabi on October 22-23. This partnership comes weeks after Mubadala Capital’s ventures arm announced two new Mena funds with a combined worth of $250 million, further catalysing Abu Dhabi as ...

Bloomberg Hong Kong dollar bears are abandoning bets the currency will weaken, squeezed by the longest streak of gains in more than five years. The local dollar rose as much as 0.13% to 7.7867 versus the greenback on Monday, taking its six-day gain to about 0.5% — a large move for a pegged exchange rate. Supporting the advance are bets ...

Bloomberg India’s central bank governor Shaktikanta Das said there’s more room for easing monetary policy, but a lot depends on how these actions are timed. “It’s a very clear forward guidance,” Das said at the Times Network India Economic Conclave in Mumbai on Monday. “While taking a pause, we very carefully and definitively said there’s space for further monetary action, ...

Bloomberg UBS Group AG plans to restructure the unit that serves the bank’s top billionaire clients in the first sweeping changes under its new co-head of key wealth management Iqbal Khan. Khan and co-head Tom Naratil are seeking to break apart the ultra high net worth unit led by Joseph Stadler and move some less rich clients into the regional ...

Bloomberg The pound pared earlier advances following disappointing economic data, as the gloomy economic picture countered the optimism in the market following the decisive Conservative victory in last week’s election. Sterling returned to the flatline after purchasing managers’ indexes from UK factories posted their weakest performance in more than seven years. The currency had earlier advanced against all its major ...

Bloomberg The Bank of Japan (BOJ) will leave monetary policy unchanged this week, and probably for much longer, after Prime Minister Shinzo Abe unveiled a stimulus package to bolster growth, according to a Bloomberg survey. All 45 economists polled expect no action from the bank at the end of a two-day meeting on Thursday. For the first time since April, ...

Bloomberg The world’s oldest central bank stands to be the most significant this month as it pioneers a shift away from negative interest rates. Sweden was among the handful of economies that reduced key interest rates half a decade ago below zero. Now officials at the Riksbank — founded in 1668 — insist the policy has done its stimulus work, ...