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Postal Savings Bank’s capital feast masks profit famine

  Bloomberg The Chinese bank with the biggest branch network in the country is pigging out on capital. Not only does Postal Savings Bank of China hope to scoop up at least $8 billion in an initial public offering this month in Hong Kong, it also plans to raise almost as much money by selling Tier 2 securities. Postal Savings ...

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Lufthansa’s Eurowings to meet EasyJet threat

  Bloomberg Deutsche Lufthansa AG’s Eurowings arm will start flights from Munich next year to combat rivals such as Easyjet Plc, in a strategy switch that will see the discount unit make its first major incursion at one of its parent’s German hubs. “Low-cost carriers are quite active already,” Karl Ulrich Garnadt, the Lufthansa board member responsible for Eurowings, said ...

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IAG SA assesses plane orders on slow economy

  Bloomberg IAG SA, the owner of British Airways and Spanish carrier Iberia, is considering reining in fleet plans as worldwide economic growth slows and the company grapples with the effects of Britain’s referendum to exit the European Union. “Without doubt all airlines, including airlines within IAG, are reassessing their requirements for new aircraft,” as the outlook for growth has ...

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