ABU DHABI / WAM Mubadala Aerospace’s Turbine Services and Solutions, a maintenance repair and overhaul (MRO) provider for aircraft engines, gas turbines and driven equipment, has unveiled a new identity for its MRO business, which will now be known as Sanad Aerotech. The new brand positioning reflects the focus of Mubadala Aerospace on engineering excellence, underpinned by industry-leading reliability, innovation …

Bloomberg Brent crude traded around $70 a barrel as a two-day rebound eased on signs the US and China are still far from reaching a trade deal, but prices remained supported by supply risks in the Middle East. Futures in London held steady after rallying 3.5 percent. President Donald Trump said on a state visit to Japan that the US …

Bloomberg Noted economist and Harvard professor Carmen Reinhart has become the latest person to sound the alarm about Hong Kong, saying the city’s property market is showing signs of a bubble. “There are elements in the Hong Kong picture that are very reminiscent of Ireland, Spain, Iceland” before their crises, she told the Nomura Investment Forum Asia 2019 in Singapore. …

Bloomberg US equity futures steadied with European stocks as traders returned from American and UK holidays with a cautious outlook. The dollar advanced with Treasuries. Contracts on the S&P 500 fluctuated alongside those on the Dow Jones Industrial Average and the Nasdaq 100. The Stoxx Europe 600 index was steady, erasing earlier losses after better-than-forecast economic confidence data and as …

Bloomberg Investors are taking a breather from the recent market rout that has wiped out almost $1.3 trillion from China’s stock market. The CSI 300 Index hasn’t moved more than 2 percent in either direction in the past seven sessions, the longest streak of calm since February. The index closed 1 percent higher on Tuesday. Volatility has dropped too, with …

Bloomberg India’s shadow banks are likely to see a further squeeze on their profit margins after the Reserve Bank of India (RBI) signalled it will tighten liquidity requirements to bring them in line with the country’s more closely regulated commercial banks. Instead of providing a much-expected liquidity window to non-bank finance companies via the regular lenders, the central bank took …

Bloomberg The People’s Bank of China is acting to increase the supply of short-term funding to banks after the seizure of a regional lender rattled domestic markets. China’s central bank injected a net amount of 150 billion yuan ($21.7 billion) through open-market operations, the most since the week ended March 8. Regulators announced that they will take control of Baoshang …

Bloomberg Italy will seek a seat on the European Central Bank’s Executive Board and use it to push the institution to buy bonds to fund infrastructure projects, according to a senior lawmaker in the coalition government. European Union leaders are preparing to start negotiations over the next suite of top policy positions including a replacement for ECB President Mario Draghi. …

Bloomberg Deutsche Bank AG is considering options including a capital increase as part of a wider overhaul it plans to unveil in the next two months, people with knowledge of the matter said. Tapping investors for fresh cash is the least favoured option because management is aware that it could trigger a backlash in light of Deutsche Bank’s low stock …

Bloomberg The most hawkish member of Poland’s Monetary Policy Council said a single interest-rate increase is needed to ward off the rising threat of inflation. Central banker Kamil Zube-lewicz said that such tightening wouldn’t harm economy but ev-en he holds out little hope that the 10-member policy panel — which has kept the benchmark unchanged for seven years — will …