AL KHOBAR / WAM First Abu Dhabi Bank (FAB), has expanded its operations in Saudi Arabia with the opening of a branch in Al Khobar. The new branch joins one already operating in Riyadh. Abdulhamid Saeed, Group CEO of FAB, said, “It gives me great pleasure to open our second branch in Saudi Arabia. We look forward to providing the …

Bloomberg Airbus SE landed one of its biggest-ever deals with the sale of 300 narrow-body planes to Indian budget carrier IndiGo that’s worth more than $33 billion at sticker prices. The contract for A320neo-series jets includes the latest XLR long-range variant and takes IndiGo’s orders for the re-engined aircraft to 730, the companies said in a statement on Tuesday. That’s …

Bloomberg US index futures drifted lower and European stocks dropped as investors awaited a possible Federal Reserve interest-rate cut and some of the season’s biggest corporate earnings. Treasuries edged higher and most European bonds rose. Contracts on the S&P 500 nudged down a day after the US equity benchmark hit a record, and ahead of results from drug giants Pfizer …

Bloomberg Indian stocks rose on optimism that companies have weathered the worst of an economic slowdown. Tata Motors Ltd surged for a second session after posting earnings that beat expectations. The S&P BSE Sensex climbed 1.5% to 39,831.84 at the 3:30 pm close in Mumbai. The NSE Nifty 50 Index advanced 1.4%. Sentiment is improving as companies report business wasn’t …

Bloomberg The chief executive officer of fashion giant Hennes & Mauritz AB says a growing movement that shames consumers represents a very real social threat. Karl-Johan Persson, the 44-year-old H&M CEO and son of its billionaire chairman, is speaking out as a pattern of shaming that initially targeted air travellers spreads into more industries, including his. The movement has gained …

Bloomberg Walmart Stores Inc and CVS Health Corp are pulling some bottles of Johnson & Johnson’s baby powder off store shelves after government regulators found tiny amounts of asbestos in one lot of the talc-based product. Rhode Island-based CVS, the largest US pharmacy chain by locations, said it’s removing all 22-ounce-sized Baby Powder bottles from its stores and off its …

Bloomberg Lockheed Martin Corp and the Pentagon are set to announce a final agreement on a long-awaited contract for the next-generation F-35 jets that would be the biggest yet, according to three people familiar with the decision. The purchase of the stealthy F-35 for US and allied militaries is likely to be valued at about $34 billion for 478 fighters. …

Bloomberg The Popeyes restaurant chain is planning to bring back its overwhelmingly popular chicken sandwich, but this time it’s calling in reinforcements. Sun Holdings Inc, which operates about 150 Popeyes locations, will offer the item beginning in early November, according to Chief Executive Officer Guillermo Perales. To prepare, the restaurants are hiring additional 400 employees and may dedicate up to …

Bloomberg LVMH has offered $14.5 billion for jeweller Tiffany & Co in a bid that could result in Chairman Bernard Arnault’s biggest ever takeover and expand the Louis Vuitton owner’s reach into the US. Tiffany said it received an unsolicited $120-a-share proposal from the luxury giant, after the French company confirmed a Bloomberg report that it was considering a bid. …

Bloomberg JPMorgan Chase & Co’s new Manhattan headquarters is meant to be an ode to the both company and the city — a monumental glass-and-steel tower that says the nation’s largest bank grew up here. But New York may be losing its luster. Despite more than two centuries of history in a city synonymous with the global financial industry, JPMorgan …