Emirates Business Bank of Nova Scotia, Canada’s third-largest lender by assets, said quarterly profit rose 6.1 percent, led by higher earnings in domestic and international operations. The bank raised its dividend 2.8 percent to 74 cents a share. Net income for the fiscal third quarter ended July 31 rose to C$1.96 billion ($1.5 billion), or C$1.54 a share, from ...

  Bloomberg Aviva Plc hired Chetan Singh, a managing director at JPMorgan Chase & Co., to head its mergers and acquisitions globally as the British insurer scouts for deals outside its home market. Singh, who led dealmaking for financial institutions in Southeast Asia at JPMorgan, will join Aviva as chief M&A officer on Sept. 26 and report to Chief Financial ...

  Bloomberg Central banks — holders of about 32,900 metric tons of bullion — cut their purchases by 40 percent during the three months through June, compared with the same period a year earlier, to the lowest since 2011, World Gold Council figures compiled by Bloomberg show. It was the third-straight quarterly drop, the longest such streak in at least ...

  Bloomberg Apple Inc. was ordered to repay a record 13 billion euros ($14.5 billion) plus interest after the European Commission said Ireland illegally slashed the iPhone maker’s tax bill. The world’s richest company benefited from a “selective tax treatment” in Ireland that gave it a “significant advantage over other businesses,” the European Union regulator said on Tuesday in its ...

  Dubai / Emirates Business JetSmarter, the world’s leading private jet company announces the launch of new and exciting promotion during the month of September for non-members exclusively in Kuwait. The leading private jet company is offering complimentary* seats on one-way private-jet flights from Kuwait to Dubai that are scheduled to fly on September 1, September 15 and September 29. ...

  Bloomberg Mitsubishi Aircraft Corp. said it’s sticking to the schedule of handing over its first plane in 2018 after issues with the jet’s air conditioning ventilator this weekend grounded the plane from further test flights. Mitsubishi is working with United Technologies Corp., which makes the aircraft’s air conditioning, to fix the problem, the Japanese company’s spokesman Yuji Sawamura said ...

  DALLAS / AP The president and No. 2 executive at American Airlines has left the company and taken the same job with rival United Airlines. United Continental Holdings Inc. said that Scott Kirby has been named president and will oversee operations, sales and other duties. Kirby, 49, was often seen as a likely successor to American Airlines Group Inc. ...

  Bloomberg ANA Holdings Inc. will have to replace some Rolls-Royce Holdings Plc engines on its Boeing Co. Dreamliners, after issues with the power plants kept disrupting services at the world’s biggest operator of the 787 aircraft. The Japanese carrier will prioritize replacement in some aircraft, while Rolls-Royce develops a version of the blades used in the power plants, ANA ...

  Beirut / AFP US Secretary of State John Kerry pressed Tuesday for more cooperation with India on security and trade as the world’s two biggest democracies try to strengthen ties, in part to counter China’s rising influence. Kerry also said he was hopeful of moving ahead on a deal to provide nuclear energy assistance to India, as the nations seek ...

  Berlin / AFP Germany’s EU Commissioner Guenther Oettinger raised doubts on Tuesday about whether Britain would leave the bloc, saying he wouldn’t bet on “Brexit”. Oettinger told Germany’s daily Bild that he assumed June’s referendum outcome in favour of Britain exiting the EU was “binding”. “But it is possible that public opinion will tip if the economic situation in ...