Bloomberg Airports of Thailand (AOT), the world’s biggest airport operator by market value, surged the most in six years in Bangkok trading after announcing higher-than-expected concession fees for duty free shops and commercial areas at four of the Southeast Asian nation’s international airports. The state-controlled company will receive 20 percent of sales, with a minimum guarantee of 15.4 billion baht …

Bloomberg Air New Zealand Ltd Chief Executive Officer Christopher Luxon resigned after more than six years in the role, as he raised the possibility of a new career in politics. Luxon, 48, will step down from day-to-day leadership of the airline on September 25, the company said. An international search for his replacement is underway and a new CEO is …

Bloomberg Steinhoff International Holdings NV reduced its loss by 70 percent in the fiscal year ended in September. The step towards a recovery wasn’t enough to stop its shares from falling. The net loss was 1.2 billion euros ($1.3 billion) during the period, down from 4 billion euros in the previous year. The owner of Conforama in France and Mattress …

Bloomberg Iberdrola SA will invest 100 million euros ($112 million) in renewable energy and storage projects in Ireland by 2025 as it starts to offer customers power in the country for the first time. The Spanish utility said it’s offering consumers in the Republic of Ireland 100 percent clean electricity tariffs as it enters the market with plans to provide …

Bloomberg Mario Draghi is set on pushing the limits of the European Central Bank’s (ECB) firepower right up until he leaves office. With little more than four months to go in his job, the ECB president has all but pledged new stimulus for Europe’s flagging economy that may include both interest-rate cuts and asset purchases. Adding potency to that statement …

Bloomberg Goldman Sachs Group Inc. and Standard Chartered Plc are among global firms postponing the transfer of several billion euros of capital outside the UK despite regulatory pressure to complete the move. Other lenders including Citigroup Inc. have only shifted part of the assets they were initially planning to relocate due to the delays in Brexit, people familiar with the …

Bloomberg Morocco’s central bank held its benchmark rate steady, refusing to budge even as the country’s economic prospects took a turn for worse. The decision, which Bank Al-Maghrib said was link-ed to bullish inflation projections and monetary conditions, came even as government pres-ses ahead with measures that will inject billions of dirhams into the economy — steps that also are …

Bloomberg Deutsche Bank AG Chief Executive Officer Christian Sewing is planning sweeping changes to his top management, considering replacing finance chief James von Moltke and investment banking head Garth Ritchie, as he purges executives who rose under his predecessor. The bank is expected to decide on the future of several management members within weeks, according to people familiar with the …

Bloomberg Oil rose, reversing earlier declines, as the European Central Bank said it may pump more stimulus into the region’s economy and the Organization of Petroleum Exporting Countries (Opec) and its allies made progress in setting a date to discuss extending supply cuts. Futures gained as much as 4.5 percent in New York. The Organization of Petroleum Exporting Countries and …

ABU DHABI / WAM The United Arab Emirates drew up to AED111.7 billion in FDI flows during the period from 2016 through 2018, bringing its overall volume of foreign investments to circa AED511 billion. According to the World Investment Report 2019, released by the United Nations Conference on Trade and Development, the UAE ranked 27th globally in attracting FDI flows …