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US investment bank JPMorgan adds sukuk to emerging markets indices

  Bloomberg US investment bank JPMorgan will include Islamic bonds, or sukuk, in its emerging markets indices for the first time from later this year, widening the appeal of Islamic instruments among global debt investors. JPMorgan, which runs the most widely used benchmarks of emerging market debt, will include eight sukuk across its index family starting Oct. 31. The decision ...

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Thai Airways to resume plane purchases as earnings rebound

  Bloomberg After a five-year austerity drive, Thai Airways International Pcl is ready to expand again. The carrier plans to add routes and buy new, more fuel-efficient aircraft to replace aging jets, President Charamporn Jotikasthira said in an interview in Bangkok. The airline, which last ordered planes in 2011, is drawing up a 10-year plan through 2027 that will include ...

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Cathay says premium travel slumping, prompting discounts

  Bloomberg Cathay Pacific Airways Ltd., Asia’s biggest international carrier, says it’s getting tougher to find premium fliers from Hong Kong. The lack of first and business-class travelers from the Asian financial center — the worst since the global financial crisis days of 2009 — is such a dent on Cathay’s financials that analysts are asking whether Chief Executive Officer ...

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