Bloomberg Goldman Sachs Group Inc. is cutting 10 staff in its commodities division as the bank reviews the footprint of the once-dominant unit, according to a person familiar with the matter. It is cutting seven trading jobs and three sales jobs in Singapore, London and Houston, representing about 5 percent of the unit’s staff, the person said, asking not to ...

Bloomberg Boeing Co. Chief Executive Officer Dennis Muilenburg faces his biggest crisis yet following the second deadly crash of a 737 Max jetliner, prompting some airlines to ground the best-selling plane and sending the shares on track for their biggest loss since just after the 9/11 attacks. China ordered its carriers to ground all 96 of Boeing’s newest 737 model, ...

Bloomberg Amazon.com Inc. — has abruptly stopped buying products from many of its wholesalers, sowing panic. The company is encouraging vendors to instead sell directly to consumers on its marketplace. The retailer makes more money that way by offloading the cost of purchasing, storing and shipping products. Meanwhile, Amazon can charge suppliers for these services and take a commission on ...

Bloomberg Thai Airways International Pcl, the nation’s flagship carrier, plans to buy as many as 38 new aircraft to help reduce maintenance costs after losses widened more than fivefold last year amid fierce competition and unpredictable fuel prices. The new aircraft, which are more fuel-efficient, would help trim operating costs and attract customers, President Sumeth Damrongchaitham told reporters in Bangkok. ...

Bloomberg Two months into 2019, Airbus SE has logged cancellations for 103 jetliners and garnered a grand total of four new sales — and those orders were for the A220 plane manufactured in Canada by Bomb- ardier Inc. The deal for the A220s — formerly the Bombardier C Series — with Pacific Ocean carrier Air Vanuatu represented Airbus’s only new ...

Bloomberg Environmental activists recoil for a reason when the super-rich fly private jets to forums that preach carbon neutrality. Airplane pollution levels really are going through the stratosphere and nobody seems to have a viable plan to rein them in. While energy generation and agriculture currently dwarf aviation’s 1.3 percent share of all human-caused greenhouse gases, emissions from air travel ...

DUBAI / WAM Dubai’s external non-oil trade in 2018 reached AED1.3 trillion despite challenges facing global trade growth resulting from trade tensions between major economic powers and a global growth slowdown that has led to currency rate volatility in developing countries. The latest trade figures show that Dubai is moving forward steadily as a leading international and regional trade hub ...

Abu Dhabi / WAM A total of 113 listed public joint stock companies distributed AED32 billion in dividends for 2018, according to data released by the Abu Dhabi Securities Exchange and Dubai Financial Market. The largest across the GCC and Mena region, the increased dividends reflect the growth in foreign capital invested in key listed Emirati companies. In further detail, ...

Bloomberg The United Arab Emirates will continue to adjust its oil production until the market rebalances, the Opec member’s energy minister said. “We will continue to deliver on the Opec & non-Opec commitment for voluntary production adjustments, until the global market is re-balanced,” Suhail Al Mazrouei said on Twitter. “UAE compliance for the month of February 2019 will meet, if ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has affirmed that the UAE has been a long way in empowering and integrating the People of Determination in the transformational drive embraced by the country at all levels. The UAE Vice President made the remarks ...