Bloomberg Deutsche Bank said it can’t comply with a request to hand over information related to its relationship with Donald Trump and trades from the bank’s Moscow operation as political opponents seek to probe the US President’s links with Russia. The lender is required by law to maintain confidentiality of non-public customer information, Deutsche Bank lawyers said in a letter …

DUBAI / Reuters Shares in Qatari banks fell in early trade on Sunday after the central bank of the United Arab Emirates ordered UAE banks to be wary of any accounts they hold with six Doha-based banks. The UAE, as part of its response to the diplomatic rift in the region, told local banks to apply ‘enhanced due diligence’ to …

Dubai / Emirates Business Pakistan’s largest bank Habib Bank Limited (HBL) announced its strategic retail analytics programme in collaboration with Qarar, UAE’s leading decision analytics consultancy. With this comprehensive programme in place, HBL will be one step ahead of the industry by utilizing advanced applications and behavioural scorecards developed for the Bank by Qarar. Both organizations have shared an enduring …

Bloomberg As dawn broke in Madrid, Ana Botin embarked on the boldest move of her almost three-year tenure as chairman of Banco Santander, Spain’s largest bank. Botin, better known for accumulating capital and emphasizing internal growth than doing deals, took a page from her late father’s playbook. She agreed to acquire failing Banco Popular Espanol SA for the knockdown price …

Bloomberg Nomura Holdings Inc. has determined that it breached securities laws in its handling of nonpublic information about a company the firm took public last year and plans to report the issue to Japanese regulators, people with knowledge of the matter said. An internal investigation found that a former branch manager in Kyushu in southern Japan mishandled private information that …

Bloomberg Global airline earnings will fall less than previously forecast this year as Europe rebounds from a weak 2016 and Asian carriers tap a surge in cargo shipments, according to the industry’s main trade group. Net income is likely to total $31.4 billion worldwide in 2017, the International Air Transport Association said. While that’s $1.6 billion higher than suggested last …

Bloomberg Airbus SE predicted that burgeoning demand for air travel will push jetliner sales to almost 35,000 aircraft over 20 years, about 6 percent more than previously forecast, with deliveries worth about $5.3 trillion to manufacturers. Passenger traffic is set to grow 4.4 percent annually over the period, slightly less than the 4.5 percent estimated last year. That will still …

Bloomberg Singapore Airlines Ltd. said jobs are likely to be cut as part of a business review Southeast Asia’s biggest carrier has kicked off to revive earnings following a surprise quarterly loss. The premium carrier’s staff is aware headcount reduction is possible under the process, Chief Executive Officer Goh Choon Phong told reporters at the annual meeting of the International …

Bloomberg Natura Cosmeticos SA entered exclusive talks to acquire British make-up seller Body Shop from L’Oreal SA, with an offer that values the UK chain at 1 billion euros ($1.1 billion). An acquisition by Natura would represent a major expansion for the Brazilian cosmetics company, which originated as a direct-sales business like Mary Kay or Avon and expanded its retail …

Dubai / Emirates Business Footfalls at indoor theme parks and family entertainment centers at the malls are set to increase, according to International Expo Consults (IEC), organisers of ‘DEAL 2018’ show. The Global Industry Analysts, Inc. report says the global market for amusement and theme parks is forecast to reach US$44.3 billion by 2020, driven by the recovery in leisure …