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Costs of airline climate deal may be peanuts for passengers

  Bloomberg The proposed United Nations accord to limit pollution from international flights could cost airlines billions. For passengers, the price may be less than an in-flight glass of pinot noir. Airlines estimate the measure being debated this week in Montreal will cost the industry between $2.9 billion and $12.4 billion annually by 2030. Based on a handful of sample ...

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Barclays agrees to sell Egypt operations in $500mn deal

  Bloomberg Barclays Plc agreed to sell its Egyptian business to Morocco’s Attijariwafa Bank as the British firm shrinks its global operations and speeds up the sale of unwanted assets. The deal will probably be completed by the end of this year, the London-based lender said in a statement. The disposal will boost the bank’s common equity Tier 1 ratio ...

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Saxo Bank posts DKK158mn profit

  Emirates Business Saxo Bank Group (‘The Group’) reported a net profit of DKK 158 million for the first six months of 2016. During the same period, client collateral deposits continued to rise, increasing by DKK 6 billion, compared to H1 2015, to reach a record high of DKK 82 billion. The operating income for the group reached DKK 1.5 ...

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