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Gestair’s owners to consider sale

  Bloomberg Spain’s Nazca Capital is weighing a sale of its private-jet operator Gestair after merging the business with a competitor last year, people familiar with the matter said. Gestair, which manages executive aircraft and runs chartered flights, could attract interest from aviation companies and other buyout firms in a sale, the people said, asking not to be identified because ...

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PBOC to offer 14-day reverse repos

  Bloomberg China’s central bank injected cash into the financial system using 14-day reverse-repurchase agreements for the first time since February amid speculation policy makers are looking to increase the use of more expensive, longer-term funding to cool a bond rally. The People’s Bank of China auctioned 50 billion yuan ($7.5 billion) of the contracts in open-market operations at 2.4 ...

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Royal Bank of Canada posts $2.6bn profit

  Bloomberg Royal Bank of Canada beat analysts’ profit estimates as the City National purchase in the U.S. bolstered wealth management and capital markets earnings surged. Canada’s biggest bank raised its dividend 2.5 percent to 83 cents a share. Profit for the quarter ended July 31 climbed 7.5 percent to $2.06 billion, or C$1.72 a share after excluding gains from ...

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