Bloomberg Pakistan devalued its currency for the fifth time this year as the nation negotiates a bail-out with the International Monetary Fund. The rupee fell 3.8 percent to 139 per dollar at close from 133.9. The rupee has erased more than a fifth of its value to become the worst performer in Asia this year, according to a basket of ...

Bloomberg For most of Asia’s central banks, things should be a whole lot less exciting next year, and that’s a good thing. As the US Federal Reserve looks towards topping off its interest-rate hike cycle, even those policy makers in the region who haven’t followed the tightening path should be in position to keep policy steady, according to Deyi Tan, ...

Bloomberg American Airlines Group Inc. pilots want the carrier to offer more training on Boeing Co.’s 737 Max to better understand new anti-stall software, after a preliminary report on an Indonesia plane crash suggested that aircraft malfunctions left aviators overwhelmed. The Allied Pilots Association made the request after what the union said was an unprecedented meeting with Boeing officials this ...

Bloomberg British Airways (BA) faces a coordinated campaign for bigger salary increases from pilots, cabin crew and ground staff in a challenge to its efforts to beat down costs. The British Airline Pilots Association, Unite and GMB unions are seeking BA’s first-ever joint pay deal, they said in a statement. The three-year plan would feature settlements above inflation, bonuses that ...

Bloomberg US private-equity firm Indigo Partners agreed to invest an undisclosed sum in Iceland’s Wow Air Hf, breathing new life into the discount carrier just hours after another suitor walked away. Indigo is led by William Franke, who has founded or invested in low-fare carriers around the globe. Terms of the preliminary agreement weren’t disclosed in a statement from the ...

Bloomberg Employees of Sears Holdings, inspired by the hardship fund for workers affected by the collapse of Toys ‘R’ Us Inc., are asking Chairman Eddie Lampert and the firms involved in the chain’s bankruptcy to preserve jobs and stores as well as guarantee severance pay and pensions. “While we understand that Sears and Kmart must make changes to survive, we ...

Bloomberg Wayfair Inc.’s strong Cyber Five year-over-year sales gain suggests “considerable upside potential for this quarter,” according to Baird Equity Research, who cites comparable period results over the past two years. The Boston-based online home-goods retailer reported a 58 percent increase in direct retail sales for the shopping period of Thanksgiving Day through Cyber Monday. This compares to 2017 and ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said that Commemoration Day is a national occasion to remember the ultimate sacrifice of the noblest sons of the United Arab Emirates who gave up their lives for the glory of this great ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced that it is moving ahead with plans to expand the capture, storage and utilisation of carbon dioxide (CO2), produced from either the Habshan-Bab gas processing facilities or the Shah gas plant. A decision on which plant to capture the CO2 from first will be taken in ...

ABU DHABI / WAM The UAE Government adopted the launch of the Industrial Development Strategy 2030, with a view to develop and build the capacities of the UAE industrial sector. The strategy includes developing a road map to achieve a number of objectives within a specific time frame, establish a set of enablers that would increase the contribution of the ...