Bloomberg Four traders charged in the UK for rigging interest-rate benchmarks at Deutsche Bank AG will escape prosecution after German officials refused requests to send them to London to face trial. Frankfurt prosecutors decided not to turn the men over almost two years after the UK’s Serious Fraud Office first sought extradition. The final decision on the former traders was ...

Bloomberg Airbus SE Chief Executive Officer Tom Enders personally promised the UK government the company plans to retain its British operations “long into the future’’ in a turnaround from a staunch critic of the divorce from the European Union. Enders’s promise was made in a letter this month to Business Secretary Greg Clark, according to an official who declined to ...

Bloomberg India is planning to revise the specifications for one of the world’s biggest fighter jet orders, people familiar with the matter said, a move that would allow manufacturers such as Boeing Co. and United Aircraft Corp. to pitch their twin-engine combat aircraft. Prime Minister Narendra Modi’s government has asked the Indian Air Force if the search for fighter jets ...

Bloomberg Boeing Co.’s boss threw cold water on speculation that the aerospace giant is contemplating a major acquisition, reaffirming the company’s focus on “targeted” deals and returning cash to shareholders. CEO Dennis Muilenburg said Boeing’s top priorities are investing in its factories and jetliners while expanding shareholder returns. The planemaker has the “horsepower” to pursue deals while pouring cash into ...

Bloomberg Uruguay’s biggest commercial real estate developer wants to take its success in malls geared for the middle class to low-income neighbourhoods in the capital, Montevideo. Estudio Luis E Lecueder is studying building two shopping centres in northern Montevideo, senior partner Carlos Lecueder, 66, said in an interview. The firm will probably start work on those projects when its Plaza ...

Bloomberg Canadian retailers ended their strongest year in two decades on a down note, with a disappointing Christmas shopping season pulling back sales in December. Receipts fell 0.8 percent to C$49.6 billion in January of 2017, Statistics Canada reported. It was the biggest monthly decline since March 2016. Economists were expecting no change during the month. For all of 2017, ...

ABU DHABI / WAM The UAE-based banks’ total assets surged to $734 billion (AED2.693 trillion) at the end of 2017 from AED2.642 trillion by the end of Q3 in the same year, continuing to be on top of GCC-based banks in terms of assets for the third year running. The resilient solvency of UAE banks comes on the back of ...

Abu Dhabi / WAM The collapse in global oil prices between June 2014 and January 2016 led to nearly one trillion US dollars in investment being frozen or discontinued with “many hundreds of thousands of jobs” being lost throughout the industry, according to UAE Minister of Energy and Industry, Suhail bin Mohammed Faraj Faris Al Mazrouei. Now it is time ...

Abu Dhabi / WAM Hosted by the Abu Dhabi Sustainability Group (ADSG), the fourth annual Abu Dhabi Sustainable Business Leadership Forum has started in the capital, bringing together some of the greatest names and companies at the forefront of sustainable business across the region. Up to 200 of the region’s business leaders participated in a range of workshops, meetings and ...

Abu Dhabi / Emirates Business HE Engr Sultan bin Saeed Al Mansoori, UAE Minister of Economy, successfully launched a new guide entitled, ‘The Innovative Guide for Companies in the UAE,’ which was done by the Ministry of Economy in cooperation with the National Research Council (CNR) – Research Institute on the Sustainable economic growth. The new guide was developed and ...