Bloomberg Dutch state-controlled bank ABN Amro Group NV is edging towards raising its payout to shareholders after a strong second quarter and cuts to its underperforming investment bank. “Yes, we feel more confident there after this quarter,” Chief Executive Officer Kees van Dijkhuizen said at a press conference when asked about a dividend increase. The higher payout could take the ...

Bloomberg Commonwealth Bank of Australia’s record-profit run is over after the nation’s biggest lender paid the price for a series of scandals and missteps. Cash profit from continuing operations fell 4.8 percent to A$9.23 billion ($6.85 billion) in the 12 months ended on June 30, the Sydney-based lender said in a statement. That was the first drop in annual profit ...

Bloomberg The Uruguayan subsidiary of HSBC may seek regulatory approval as soon as next year for a second covered bond programme of about $100 million as the bank aims to take 15 percent of the home loan market in two years, according to senior executives. “I wouldn’t rule out pitching a new programme to the central bank if the origination ...

Bloomberg Deutsche Bank AG’s Southeast Asia vice chairman Philip Lee is leaving the German lender, capping a string of senior departures in the region. Lee, also the chief country officer for Singapore, is departing to pursue other interests, after building out the bank’s Southeast Asia client franchise over the past five years, according to an internal memo obtained by Bloomberg. ...

Bloomberg Elon Musk’s shock $82 billion offer to buy out the loss-making Tesla Inc. has the market wondering just how he will find the cash. But when it comes to his grand plans to build electric cars in China, he already has the answer: the nation’s state-owned banks. With a factory just outside of Shanghai key to Musk’s vision of ...

Bloomberg Uganda’s fledgling national airline will be a candidate for an initial public offering and closer cooperation with other carriers if the launch goes as planned. Uganda Airlines, which last month signed deals for Airbus SE wide-body jets and Bombardier Inc. regional planes, is due to begin operating 19 routes in January, Transport Minister Monica Azuba Ntege said in an ...

Bloomberg UK Defense Secretary Gavin Williamson pitched a strong British military and a new concept fighter jet it’s developing while brushing aside concerns about US President Donald Trump’s rhetoric against NATO during a visit to Washington. Speaking at an event hosted by the Atlantic Council, Williamson said he’d like to see the US consider purchases of the “Tempest” jet the ...

Bloomberg Frankfurt Airport reopened after a partial evacuation caused by a French family being mistakenly waved through security despite a positive test for explosives, according to police. The four-person family was questioned and allowed to continue travel after the mistake by a security assistant, the Frankfurt airport police said on Twitter. Police had cleared some areas in the airport’s Terminal ...

Bloomberg More passengers, higher ticket prices and a cargo rebound couldn’t save Cathay Pacific Airways Ltd. from slumping into yet another loss. For Chief Executive Officer Rupert Hogg, that means his restructuring efforts need to strengthen further to turn the tide. After back-to-back annual losses, the carrier is midway through a transformation program under Hogg, who has been cutting jobs ...

Bloomberg As the battle to land Amazon.com Inc.’s second headquarters comes down to the wire, one of the less glamorous contenders is poised to add as much as $1 billion in tax breaks to its pitch. Newark, New Jersey, is expected to approve the big bag of cash, part of a $7 billion package the state is dangling in front ...