Bloomberg To see how little investors love China’s small banks, look no further than the nation’s largest online auction site. On Alibaba Group Holding Ltd’s Taobao platform, a Chinese court tried to auction off 1.5 million shares of a rural bank in the eastern Zhejiang province for a starting price of $161,000 — about half their appraised value. After three …

Bloomberg A face-off between the US and European Union over jetliner tariffs risks making travel more expensive for passengers, the world’s biggest long-haul airline has warned. Tit-for-tat import duties on Boeing Co and Airbus SE planes would ultimately increase the cost of the aircraft and hence also fares, Emirates President Tim Clark said on Monday in Dubai, where the carrier …

Bloomberg The World Trade Organization on on Monday formally authorised the US to impose tariffs on about $7.5 billion worth of European exports annually in retaliation for illegal government aid to Airbus. Members approved this month’s arbitration award — the largest in the trade organisation’s history — at a special meeting of the dispute settlement body at the WTO’s headquarters …

Bloomberg Vietnam’s Bamboo Airways expects a market capitalisation of as much as $1 billion at its planned listing in the first quarter next year. The startup carrier plans to list about 400 million shares on either the Ho Chi Minh City Stock Exchange or Hanoi Stock Exchange as early as January, Deputy Chief Executive Officer Nguyen Khac Hai said in …

Bloomberg Bed Bath & Beyond Inc shares soared after the company named Target Corp’s head merchant Mark Tritton as its new chief executive officer. Analysts were broadly encouraged by the announcement given Tritton’s successful tenure at Target. Loop Capital’s Anthony Chukumba cited the new CEO’s “retail/consumer pedigree” and merchandising and private label development “experience and expertise.” Morgan Stanley’s Simeon Gutman …

Bloomberg Once you crack the profit code for delivering hot pizzas in the Arctic, where blocks of cheese arrive on nuclear icebreakers, expanding into more hospitable climes like Britain and Nigeria is as easy as pie. Or so says Fyodor Ovchinnikov, the freshly crowned franchise czar of Russia and soon, he’s betting, beyond. From a single basement oven in his …

CAIRO / WAM The United Arab Emirates has called upon Turkey and all other foreign forces to withdraw from Syria and to seek a political solution. The UAE also stated that the minimum action incumbent upon Arab countries is the adoption of a firm response to aggression against any Arab country, which is seen as aggression against the national security …

ABU DHABI / WAM Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, said that the value of non-oil trade between the UAE and Russia over the past five years amounted to $14.1 billion (AED 51.79 billion), while last year’s non-oil trade totalled $3.4 billion, compared to $2.5 billion in 2017, a growth of 36 percent. …

ABU DHABI / WAM Russian President Vladimir Putin sees the UAE as one of Russia’s very “close and promising partners,” saying that the partnership is “vigorously developing in all areas.” Putin will pay a historic state visit to the UAE on Tuesday. His last visit was in 2007. “It is safe to say that the United Arab Emirates greatly contribute …

Bloomberg President Donald Trump said the partial US-China trade deal may lead to as much as $20 billion in sales of Boeing Co. airplanes, in addition to spurring billions of dollars in purchases of agricultural goods. “Other aspects of the deal are also great — technology, financial services, 16-20 Billion in Boeing Planes etc,” Trump tweeted without any specifics about …