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Airlines back third Heathrow runway at the right price

  Bloomberg Britain’s decision to build a third runway at London Heathrow airport by 2025 gives airlines what they have been demanding for decades, providing the 16 billion-pound bill for lifting the hub’s capacity to 135 million passengers a year doesn’t fall on them. While carriers were unanimous in welcoming Tuesday’s government backing for the expansion of Europe’s busiest airport, ...

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Germany’s Deutsche Bank under scanner as legal woes persist

  Frankfurt / AFP Germany’s biggest lender Deutsche Bank will face renewed probing on Thursday, as investors pore over its third-quarter results after being hit with a multi-billion-dollar fine by the US Department of Justice. “It will be important to keep an eye on growth in provisions for legal risks,” Equinet analyst Philipp Haessler said. News of a $14-billion demand ...

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PBOC to keep tabs on wealth-management products of banks

  Bloomberg China’s central bank is conducting a trial monitoring of banks’ off-balance-sheet wealth-management products under its macro-prudential assessment system, according to people familiar with the matter. The WMPs will be included in calculating broad-based credit, the people said, asking not to be identified discussing non-public information. Currently, the products aren’t included in the assessment framework, and it’s not clear ...

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