Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged on Tuesday, opting to save some of its policy ammunition for possible further market volatility triggered by higher US rates. The seven-day reverse repurchase rate was held at 5.75 percent, in line with the forecasts of 21 of the 30 economists surveyed by Bloomberg. Senior Deputy Governor Mirza Adityaswara, who ...

Bloomberg The humdrum business of helping companies pay suppliers and collect funds from customers has turned into a battleground between banks and technology upstarts, with $250 billion of revenue at stake, according to Oliver Wyman. Fintech firms such as TransferWise Ltd. and Revolut Ltd. are capturing market share from the banks that once had a stranglehold over the wholesale payments ...

Bloomberg JetBlue Airways Corp. is ready to brag about its premium offerings on potential trans-Atlantic routes, even if it hasn’t yet decided whether to start flying to Europe. If it jumps into one of the world’s busiest markets for business travel, the airline would be betting on replicating the success it’s had on cross-country US flights with its high-end Mint ...

Bloomberg Gulfstream will increase output of the G550 business jet next year as fliers continue to covet one of the oldest models in the company’s lineup. The G550 was the General Dynamics Corp. unit’s longest-range plane until the G650 went on sale about six years ago. Since then, Gulfstream had steadily reduced production of the older jet. “The plane continues ...

Bloomberg Jet Airways India Ltd. has approached banks for a moratorium on loans and asked for fresh funds to ease a cash cru-nch, according to people with direct knowledge of the matter, adding to signs the carrier is sliding deeper into trouble. The airline has already gro-unded about a dozen planes as part of a review of its network aimed ...

Bloomberg If you want to score a meeting with Chip Wilson, you better be prepared to sweat. The founder of Lululemon Athletica Inc likes to start his days hiking a 2.9 kilometer (1.8 mile) trail up the face of Vancouver’s Grouse Mountain. It’s his preferred way to conduct meetings and he’s sometimes accompanied by as many as 20 people seeking ...

Bloomberg Deutsche Lufthansa AG is exploring options including a sale for LSG Sky Chefs, the catering arm that serves planes, trains and the International Space Station, according to people with knowledge of the matter. The German airline is working with advisers to review the business, according to the people, who asked not to be identified because the information is private. ...

Bloomberg Kenya Airways Plc employees threatened to go on strike unless a pay deal is agreed by October 28 — the day the carrier is set to begin direct flights to the US. The Kenya Aviation Workers Union said its officials and airline management held a meeting on October 16 to discuss a counter proposal by the carrier that offered ...

Dubai / WAM Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality (ADM) and Ali Mohammed Sadiq Al Baluchi, Chairman of Ghantoot Transport and General Contracting LLC, signed a partnership agreement for the construction of Bazar Al Mafraq at Al Mafraq Industrial Area. “The signing of the agreement is an integral part of a series of agreements signed ...

Bloomberg First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, reported its financial results for the nine-month period ending on September 30, on Monday. According to FAB financial statement, the group posted a net profit of AED9.1 billion, up 12 percent year-on-year; annualised Earning Per Share (EPS) at AED1.07; third ...