Bloomberg The European Central Bank says its bond-buying program was $3 trillion well spent. It said the measure helped to ease financing conditions in the euro area and contributed to achieving its price-stability mandate — even as the point when the institution will meet its inflation goal edges farther into the future. Asset purchases of some 2.6 trillion euros ($3 ...

Bloomberg As one avenue for money launderers is shut, another one may be opening. In Denmark, home to Danske Bank A/S, the authorities are now taking a closer look at companies that provide payment services. The worry is that the chain of processes behind each payment is becoming so complex that criminals might be able to hide their illicit transactions. ...

Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda said he’s still seeking to deliver 2 percent inflation after the government voiced support for a more flexible approach to the goal, which hasn’t been hit in a decade. Japan must reach 2 percent to achieve a self-sustaining cycle of economic growth, where higher corporate profits and wages fuel consumption and investment, ...

Bloomberg FAA employees warned as early as seven years ago that Boeing Co. had too much sway over safety approvals of new aircraft, prompting an investigation by Department of Transportation auditors who confirmed the agency hadn’t done enough to “hold Boeing accountable.” The 2012 investigation also found that discord over Boeing’s treatment had created a “negative work environment” among Federal ...

Bloomberg Jet Airways India Ltd. said it will miss a bond interest payment and grounded more planes as lenders work on a plan to restructure the cashed-strapped carrier’s debt. It’s delaying a payment due on March 19 “owing to temporary liquidity constraints,” the company said in an exchange filing. The airline has been forced to ground planes as negotiations between ...

Bloomberg Southwest Airlines Co. and the union for its mechanics reached an agreement in principle for a new contract, amid an exchange of lawsuits and more than six years after beginning negotiations. The proposed five-year accord would give mechanics $160 million in retroactive pay, an immediate 20 percent raise effective April 1, and 3 percent annual increases each August, according ...

Bloomberg PT Matahari Department Store was downgraded by at least four analysts and led declines among Lippo Group stocks after a slump in the retailer’s net income prompted a cut in its dividend payout. Matahari plunged as much as 22 percent in Jakarta trading, the most since December 2011, while PT Lippo Cikarang, PT Lippo Karawaci and PT Siloam International ...

DUBAi / WAM Innovation is never a tool to surpass heritage, experts argued during a joint forum held by the Hamdan bin Mohammed Heritage Centre and the Zayed University. In the digital age and at the heart of the 4th Industrial Revolution, heritage is celebrated in the UAE and not forgotten. The Innovation and Heritage Forum aimed to promote research ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), on Sunday signed an agreement awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s Inpex Corporation. A wholly-owned Inpex subsidiary, Jodco Exploration Limited, will hold and manage the interest in the concession on behalf of Inpex. The award has been endorsed by Abu Dhabi’s Supreme Petroleum ...

ABU DHABI / WAM The Abu Dhabi Department of Energy (DoE) launched the ‘Saving Energy and Water at Home’ initiative. This latest endeavour is one of three sustainable initiatives launched by the department in collaboration with Zay-ed Higher Organisation for Humanitarian Care and Special Needs (ZHO), Abu Dhabi Distribution Company, and Al Ain Distribution Company. The DoE is official partner ...