Bloomberg Spain’s largest banks soared in Madrid trading after the Supreme Court said they aren’t liable for mortgage stamp duty payments that could have imposed billions of euros in extra costs. The court reversed an earlier ruling that lenders should pay the tax, which had typically been passed on to customers, sparking fury across the Spanish political spectrum and prompting ...

Bloomberg Credit Agricole SA’s corporate banking and financing operations helped boost earnings at its investment bank for a second straight quarter, driving up the division’s revenue 5 percent. Analysts and investors will probably focus on the quality of the earnings and key metrics including bank’s improved financial strength and efforts on cost after net income and revenue came in near ...

Bloomberg JPMorgan Chase & Co. has been pulling back from some higher-risk pockets of the consumer credit market, concerned about how those types of borrowers will hold up in an economic downturn. The bank has been avoiding subprime auto finance and cut back on long-duration car loans, according to Gordon Smith, chief executive officer of JPMorgan’s consumer-banking unit. The company ...

Bloomberg Boeing Co is advising airlines on procedures to deal with false readings from a plane sensor that authorities say malfunctioned on a 737 Max jet that crashed off the Indonesian coast over a week ago. An operations-manual bulletin was issued, Boeing said in a statement posted to Twitter, and tells crew to use existing guidelines when dealing with erroneous ...

Bloomberg United Continental Holdings Inc. will remove a flight attendant on most of its long-distance international routes, in a bid to keep costs in line with those of its US rivals. The change will take effect February 1, affecting flights on United’s Boeing Co. 787 and some models of 767 and 777 jetliners, according to a memo from John Slater, ...

Bloomberg For once, Eddie Lampert is keeping his wallet in his pocket. Sears Holdings Corp. is closing in on a deal with new lenders to finance it through its bankruptcy, according to a person with knowledge of the situation. Lampert and his hedge fund, ESL Investments Inc, won’t be participating. Then there’s the retail chain’s plan to auction off the ...

Bloomberg Look out, Amazon: Walmart is coming to steal your lunch — and maybe dinner too. The world’s largest retailer has surpassed the e-commerce giant in a survey of online food shoppers, more of whom said they most recently visited Walmart’s site for groceries. Local supermarkets were in third place, fuelled in part by logistics provider Instacart, which handles orders ...

ABU DHABI / Emirates Business Etihad Aviation Training (EAT) and Alpha Aviation Academy, the largest Multi Pilot training programme in Mena, have launched a partnership for the delivery of the Core Flying Skills components of Alpha’s pilot training programme. EAT is a well-established Approved Training Organisation (ATO) with one of the largest training facilities in the Middle East region. Student ...

Bloomberg American Airlines Group Inc will allow people who suffer from peanut and tree-nut allergies to board flights early so they can wipe down areas where they will sit to avoid potential exposure to allergens. The change will take effect December 12 when flight-service manuals are updated, American said in a filing with the US Transportation Department. Complaints over the ...

ABU DHABI / WAM The United Arab Emirates ranked 10th on the list of the world’s most dominant economic and political powers in 2018, according to the US News World Report, where US headed the list, followed by Russia, China, UK, Germany, France and Japan, respectively, with Saudi Arabia coming ninth. According to the report, the world’s most powerful countries ...