Bloomberg Citigroup Inc. is expanding its Japan prime brokerage business serving global hedge funds by hiring four people from rivals including Deutsche Bank AG. Two of the recruits will take up newly created positions, division head Toshikatsu Furumi said in an interview. They are Thomas Morrison, who will join from Deutsche Bank in September as head of financial resource management, …

Bloomberg Argentine Central Bank President Luis Caputo ditched a traditional press conference about monetary policy and instead held a question-and-answer session — with his own staff. It was the central bank’s first quarterly monetary policy report under Caputo, who took over the helm of the institution on June 14. His predecessor, Federico Sturzenegger, used to hold a press conference with …

Bloomberg The currency war has arrived. So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market. US President Donald Trump took to Twitter to accuse China and the European Union of “manipulating their currencies and interest rates lower.” The comments came after the yuan plunged past 6.80 per dollar for the first time in a year …

Bloomberg Boeing Co. edged out Airbus SE to claim a sales victory at the Farnborough air show as its European rival failed to land an anticipated 100-jet order amid a flurry of late deals at the year’s biggest aviation expo. The US company ended the showafter booking new business worth $79 billion from orders and outline commitments involving 528 jetliners, …

Bloomberg EasyJet Plc is making it easier for customers to hand over their money. The UK budget carrier raised its 2018 profit guidance, in part because more passengers are paying extra for allocated seating and check-in bags. That’s been encouraged by a website overhaul that’s made it less difficult to book those options. EasyJet shares advanced as much as 5.1 …

Bloomberg JetBlue Airways Corp. is eliminating an unspecified number of jobs in the latest phase of its campaign to cut as much as $300 million from operating costs by 2020. The reductions follow a reorganisation of certain teams within the airline to streamline operations, the carrier said in a statement. JetBlue declined to say how much it will save with …

Bloomberg Amazon.com Inc.’s fourth annual Prime Day event lured shoppers from around the world, highlighting the promotion’s evolution from a rummage sale of obscure products to 36 hours of discounts on major brands such as Samsonite luggage, Callaway golf clubs and General Mills cereals. It’s a sharp contrast from the first Prime Day in 2015, when customers kvetched on social …

DUBAI / Emirates Business GE and Microsoft Corp announced an expanded partnership, bringing together operat- ional technology and information technology to eliminate hurdles industrial companies face in advancing digital transformation projects. GE Digital plans to standardise its Predix solutions on Microsoft Azure and will deeply integrate the Predix portfolio with Azure’s native cloud capabilities, including Azure IoT and Azure Data …

Abu Dhabi / WAM The Federal Tax Authority (FTA), has called on persons dealing with commercial real estate to apply the basic Value Added Tax, VAT, rate of five percent on all sales and rent of such properties, urging buyers to pay the due VAT before proceeding with the transfer of ownership. The Authority had organised an awareness tour for …

Bloomberg US equities mostly edged lower as shares of slumping energy and technology companies offset gains in financials after Morgan Stanley earnings beat forecasts. European shares advanced after a mixed session in Asia. The Nasdaq Composite Index dropped from a record high as Google parent Alphabet Inc. faced a $5 billion fine and Twitter was downgraded. The dollar strengthened as …