DUBAI / WAM Regional aircraft markets will need $600 billion in investments to meet the demand for 150-seat 10,550 aircrafts by 2038 due to rise in air travellers, according to Embraer, the Brazilian aerospace conglomerate. Market growth will drive 65 percent of this demand for the aircrafts, while the remaining 35 percent will replace ageing aircrafts, it said in a …

Bloomberg Saudi Arabia, the world’s biggest oil exporter, lowered pricing for September sales of all crudes to Asia while raising prices to buyers in northwest Europe and the Mediterranean region. State-owned Saudi Aramco cut pricing for its flagship Arab Light crude to buyers in Asia by 75 cents, to a $1.70 a barrel premium over the Oman-Dubai Middle Eastern benchmark, …

Bloomberg In a week when just a few words from Jerome Powell and Donald Trump were enough to send stocks reeling, it’s easy to conclude their pronouncements are all that matter to markets right now. But something else keeps showing it can sway prices: bad earnings. While investors clearly were glued to every word from the central bank and president, …

Bloomberg Chinese authorities proposed rule changes that would for the first time allow local investors to buy shares of some popular technology companies listed in Hong Kong — including, potentially, Alibaba Group Holding Ltd. The country’s stock exchanges published draft regulations that would bring stocks with different classes of voting rights into the trading links between the mainland and the …

Bloomberg This week looms as a key one for Asian financial markets with no less than five central banks set to hand down decisions that may set the tone for the rest of the year. Markets are predicting policy makers in India, the Philippines and New Zealand will all cut interest rates to shore up faltering growth, while those in …

Bloomberg Deutsche Bank AG, which has been working to improve its technology, faced a systems outage in which email was unavailable for thousands of employees. “Earlier, we experienced an email outage that impacted DB employees in the Americas region. We have since resolved the issue and restored access for employees,” Deutsche Bank spokesman Troy Gravitt said in a statement. Trading …

Bloomberg The Swiss franc advanced to its strongest level against the euro since 2017 after US President Donald Trump escalated trade tensions with China and fueled demand for haven currencies. The franc dipped below the crucial 1.10 threshold against shared currency, which analysts at Commerzbank think could prompt the Swiss National Bank to intervene and curb the currency’s appreciation. Investors …

Bloomberg Credit Agricole SA and Natixis SA are among French lenders nursing losses on loans made to Rallye SA and other parent companies of retailing giant Casino Guichard-Perrachon SA, which are creaking under more than 3 billion euros ($3.3 billion) of debt. Natixis made a provision for credit losses of 110 million euros in the second quarter because of its …

Bloomberg Royal Bank of Scotland Group Plc(RBS) slid as the state-controlled lender indicated it’s unlikely to reach key profitability targets next year given the political and economic tension around Brexit. Outgoing Chief Executive Officer Ross McEwan blamed an “uncertain and competitive environment” as the bank reported second-quarter net interest income that missed analysts’ estimates. The bank said it’s very unlikely …

Bloomberg Bank of England (BOE) Governor Mark Carney dodged the question of whether he’d be interested in becoming the next head of the International Monetary Fund (IMF). “I wouldn’t mind doing something after I leave” the BOE at the end of January, “but I don’t know what I’m going to do next,” Carney said in an interview with BBC Radio …