Bloomberg Deutsche Lufthansa AG shares, which have been trading near their lowest level in four years, are at risk of dropping out of Germany’s benchmark DAX Index as the airline battles low-cost competitors, labor unions and a shaky credit rating. Lufthansa’s market value now ranks 40th among DAX members, down from 35th place in April, according to data published ...

  Bloomberg Turkish Airlines said it plans to postpone dozens of Airbus Group SE and Boeing Co. narrow-body jets as it contends with a turbulent travel market following terror attacks in Istanbul and Europe. The carrier is delaying deliveries of 39 of the upgraded single-aisle planes originally scheduled for 2018 to 2020, the company said in a filing Friday to ...

AFP Chinese financial giant Everbright has bought the Albanian capital’s main air hub, Tirana International Airport, its management said. The airport had since 2005 been run by TIA, whose shareholders include German airport manager AviAlliance, German investment and development firm DEG and the Albanian-American Enterprise Fund. “We are thrilled to announce an era of transformation with China Everbright Limited,” TIA ...

  Bloomberg ABN Amro Group NV, the state-controlled Dutch lender that returned to the stock market last year, is exploring a sale of its Asia private-banking business, people with knowledge of the matter said. The bank is working with a financial adviser and has reached out to potential buyers to gauge their interest, according to the people. The deliberations are ...

  Bloomberg An HSBC Holdings Plc. executive and a former employee have been barred from the banking industry by the Federal Reserve as they face U.S. criminal charges that they committed fraud in conducting foreign-exchange trades. The Fed’s move follows the August indictments of Mark Johnson, who was HSBC’s head of foreign exchange cash trading, and Stuart Scott, the bank’s ...

  Bloomberg Raiffeisen Bank International AG rose to the highest in about 10 months after announcing that it will go ahead with a plan to merge with its parent to address a capital shortfall at Austria’s biggest group of credit cooperatives. RBI climbed as much as 2.8 percent to 14.39 euros in Vienna, the highest since Dec. 9. The company ...

  Bloomberg Lloyds Banking Group Plc is considering taking on Bank of America Corp.’s (BoA) liabilities in the British payment protection-insurance scandal as it looks to beat private-equity firms in the bidding for the MBNA credit-card business, according to people with knowledge of the matter. Britain’s largest mortgage lender is vying with private-equity firms including Cerberus Capital Management and Advent ...

  WASHINGTON / AFP President Barack Obama lifted US economic sanctions on the former pariah state of Myanmar, the culmination of years of rapprochement that Obama has worked to facilitate. The Southeast Asian nation, also known as Burma, has pursued political reforms over the last five years following decades of oppressive military rule. Obama had announced plans to lift the ...

  Bloomberg The Philippines’ new government plans to court Chinese investment to fund an ambitious infrastructure programme, the latest sign of warming ties between the two nations that have been at loggerheads over territorial claims in the South China Sea. “The last administration hardly spoke to them,” Finance Secretary Carlos Dominguez said in an interview in the World Bank’s headquarters ...

  Hanoi / AFP A Vietnamese court has rejected hundreds of lawsuits filed by fishermen who demanded more compensation from a Taiwanese-owned steel plant responsible for a devastating toxic leak, a leading activist said on Saturday. In a rare case of civic action in authoritarian Vietnam, crowds of fishermen swamped a court house last month to file 506 lawsuits against ...