Bloomberg India’s monetary policy-makers disagreed sharply over whether the economy needed another dose of stimulus, underlining their dilemma as growth slowed with inflation forecast to accelerate. While five on the six-member monetary policy committee voted to keep the key policy rate unchanged this month, one member said the Reserve Bank of India (RBI) must be ready to tighten while another ...

Bloomberg Securing a “made-in-US” label for Bombardier Inc.’s C Series jet by building another assembly line in Alabama would cost only “a few hundred million dollars,” Airbus SE’s No. 2 executive said. The new facility is crucial to Airbus’s strategy for increasing US sales of the Canadian plane while avoiding stiff trade penalties imposed by the Trump administration. Bombardier projects ...

Bloomberg JetBlue Airways Corp. has withdrawn its flights from a dozen online travel sites in the first phase of a broader effort to trim $20 million from its ticket-selling expenses. JetBlue is remaining with larger agencies including Priceline.com and Expedia Inc., along with Expedia’s Travelocity.com and Orbitz.com units. The airline favours sites like Kayak Software Corp.’s Kayak.com where consumers can ...

Bloomberg In the span of a one-hour conference call, Wall Street’s confidence in the leadership of United Airlines plummeted. Analysts pressed Chief Executive Officer Oscar Munoz and President Scott Kirby on how they planned to deal with rising costs and falling pricing power. Would they rein in growth in the face of fare weakness? Provide more detail on revenue initiatives? ...

Bloomberg Airports are the gateway through which we escape our daily drudgery. They allow us to wing our way to vacations, family reunions, even business junkets. But tainting every trip is the prospect of stress and frustration that comes with negotiating an infrastructure that envelops us from fare shopping to seat belt-click. There’s the ticketing counter, the kiosks, the bag ...

VIENNA / WAM The OPEC and non-OPEC producing countries’ Joint Ministerial Monitoring Committee (JMMC) stated that based on the report of its Joint Technical Committee (JTC) for the month of September 2017, OPEC and participating Non-OPEC producing countries have achieved a record high conformity level with the voluntary production adjustments, reaching 120 percent. “In September 2017, OPEC and participating non-OPEC ...

DUBAI / WAM Foreign direct investment (FDI), inflows to West African countries increased 12 percent to $11.4 billion in 2016, supported by recovering investment in Nigeria, a recent analysis conducted by the Dubai Chamber of Commerce and Industry revealed. The analysis, based on data from United Nations Conference on Trade and Development, UNCTAD, was released by the Chamber as it ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), together with Abu Dhabi Commercial Bank (ADCB), announced a new partnership aimed at promoting Fintech and building a vibrant ecosystem in Abu Dhabi and the UAE. Through this agreement, ADCB aims at partnering with the FSRA on a range of FinTech-related initiatives and activities. Abu Dhabi Commercial Bank and Abu Dhabi ...

ABU DHABI / WAM The much anticipated inaugural FinTech Abu Dhabi event will kick-off on Sunday with distinguished regional and international leaders from the world of FinTech flying in and gathering at Abu Dhabi for a two-day event on October 22-23. FinTech Abu Dhabi, under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi ...

DUBAI / Emirates Business The Mohammed bin Rashid School of Government (MBRSG), the first research and teaching institution focusing on governance and public policy in the Arab world, concluded its flagship Arab Leadership and Government Excellence programme, which hosted a delegation of Kuwaiti government officials in Dubai. The programme’s objectives include empowering participants to deal with modern-day challenges faced by ...