Bloomberg A sustained weakness in the rupee may push the Reserve Bank of India to further tighten monetary policy, perhaps as early as next month, JPMorgan Chase and Co.’s chief India economist Sajjid Chinoy said. “The RBI meeting becomes an interesting dilemma,” Chinoy told Bloomberg Television in an interview, adding that after two interest rate hikes since June, he, like ...

Bloomberg Pratt & Whitney is investigating incidents of excessive vibration in its engines that power Airbus SE’s A320neo aircraft, the latest in a series of problems that have plagued the new turbine, according to people familiar with the matter. The US manufacturer, a unit of Farmington, Connecticut-based United Technologies Corp., has yet to identify the cause and is assessing if ...

Bloomberg AirAsia Group Bhd.’s planned foray into China for a wider regional footprint suffered a setback after Southeast Asia’s largest budget airline failed to secure a deal with its local partners to tap the world’s second-biggest aviation market. A preliminary agreement signed last year for a venture with China Everbright Group and the Henan government has lapsed and won’t be ...

Bloomberg Airbus SE said it will help Chinese authorities investigate an incident in Shenzhen this week, when the crew of an A320 commercial jet requested emergency landing after reporting troubles, and later found the two nose wheels missing. Capital Airlines flight JD5759 from Beijing, with 166 aboard, encountered severe wind shear while attempting to land in Macau on Aug. 28, ...

Bloomberg Richard Liu built an e-commerce giant in China by tapping into the nation’s appetite for technology. As his JD.com Inc. sets its sights on global expansion, he’s turning to others for help: Google and Walmart Inc. Just a few months after Google bought a $550 million stake in JD, Liu said he’s in the early stages of strategic planning ...

Abu Dhabi / WAM Transformational industries’ contribution to non-oil GDP increased to 11.8 percent by fixed prices until the end of 2017 from 11.7 percent in 2016 and 11.5 percent in 2015, according to the UAE Ministry of Economy’s statistics. The growth reflects the significant achievements made by the transformational industries over the past five years, during which they have ...

ABU DHABI / WAM The Abu Dhabi City Municipality (ADM), won the corporate excellence award among Arab departments, during a ceremony held by the Excellence Awards Academy in Sharm Al-Sheikh, Egypt. Humaid Rashid Al Diri’ee, Acting Executive Director of Strategic Planning and Performance Management, received the award on behalf of the municipality. “The municipality was a worthy winner of this ...

ABU DHABI / WAM Abu Dhabi Securities Exchange’s (ADX) listed companies market cap reached AED526 billion ($143.3 billion), by the end of August; with a remarkable increase in ADX general index by 13.4% from the start of 2018. By the end of August sessions, the market capitalisation of domestic public companies listed on ADX increased to AED495 billion compared with ...

DUBAI / WAM The Department of Economic Development (DED) in Dubai, as part of its ‘Commercial Commitment Day’ initiative, will set out to enhance awareness among the business community on their rights and responsibilities as well as on ensuring better compliance with laws and regulations relating to doing business thereby avoiding fines and other penalties. A designated team from the ...

Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has significantly upped the ante on global marketing with the introduction of a major new international promotional campaign. This latest activity will build upon a destination identity that has already attracted record numbers of guests to the emirate for two successive years, and ...