Bloomberg A growing number of big US credit-card issuers are deciding they don’t want to finance a falling knife. JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. said they’re halting purchases of Bitcoin and other cryptocurrencies on their credit cards. JPMorgan, enacting the ban, doesn’t want the credit risk associated with the transactions, company spokeswoman Mary Jane ...

Bloomberg Deutsche Bank AG Chief Executive Officer John Cryan, seeking to restore morale after massive bonus cuts last year, raised compensation for traders and bankers in 2017. He didn’t get much in return. Trading at Frankfurt-based Deutsche Bank slumped 27 percent in the fourth quarter to 886 million euros ($1 billion), while fees from advising on deals and arranging debt ...

Bloomberg After markets closed on her final workday in office, Federal Reserve Chair Janet Yellen delivered a blow to one of the nation’s largest banks: Wells Fargo & Co. won’t be allowed to grow until it cleans up. Fed officials said the San Francisco-based lender’s pattern of consumer abuses and compliance lapses called for an unprecedented sanction. Until Wells Fargo ...

Bloomberg The Bank of England will probably raise its economic growth forecasts next week, setting the scene for a potential interest-rate increase within months. In a survey for Bloomberg, all but one of 17 economists see the BOE lifting its 2018 projection, with the predictions for the next two years most likely to be left unchanged. The central bank will ...

Bloomberg The long goodbye for Boeing Co.’s iconic 747 jetliner is turning out to be a little premature. The planemaker won a $5.65 billion lifeline for the endangered jumbo as United Parcel Service Inc. exercised options for 14 more of the freighters. The deal came weeks after Delta Air Lines Inc. parked the last of its 747 aircraft, marking the ...

Bloomberg Boeing Co. is wooing Embraer SA with a plan to form a commercial-jet venture instead of an outright acquisition, people familiar with the talks said. The two planemakers have made good progress on the framework for a deal, but hurdles remain and the final terms are still being hammered out, said one of the people, who asked not to ...

Bloomberg India plans to increase its airport capacity more than fivefold to help handle a billion trips as carriers in the surging market await delivery of over 900 aircraft. Airline stocks surged. The proposal is part of an infrastructure boost announced by Finance Minister Arun Jaitley in the federal budget for the year starting on April 1. The government will ...

Bloomberg Back in the last century, Ralph Lauren built a business empire by sketching out a national fashion identity with each design. In recent years, though, the influence of his preppy styles has waned. Sales have fallen steadily as shoppers moved on to casual wear, fast-fashion or even upstart preppy brands. Now, the 78-year-old designer is trying to make a ...

Abu Dhabi / WAM UAE General Trade volume keeps growing during first 9 months of 2017, despite the decline in growth rates of the global economy during the year 2017, according to the Federal Customs Authority (FCA). The preliminary statistical data has revealed that UAE general trade volume during the period January to the end of September 2017 amounted to ...

Abu Dhabi / WAM The Central Bank announced that the Money Supply aggregate M1 increased by 0.4%, from AED490.3 billion at the end of November 2017 to AED492.4 billion at the end of December 2017. In a statement, the bank said, “The Money Supply aggregate M2 increased by 2.2%, from AED1248.8 billion at the end of November 2017 to AED1276.2 ...