August, 2021

• 8 August

  Boeing 737 Max arrives in China for flight tests

  Bloomberg A Boeing Co 737 Max 7 has arrived at the Shangai airport for flight tests by Chinese authorities, the Paper reported. Chinese aviation officials last month signalled they are open to conducting flight tests on the plane in a step toward lifting its grounding after more than two years. China was the first nation to ground the Max, acting ...

  Read More »
• 8 August

  United compels worker Covid shots in first for US airlines

  

  Bloomberg United Airlines Holdings Inc said workers must get vaccinated against the coronavirus, becoming the first major US carrier to impose the mandate. Employees must receive the vaccine and upload their injection record to a company database no later than October 25, although that date could change, United said in a memo. In mid-June, the Chicago-based airline began requiring new ...

  Read More »
• 8 August

  Brazil political crisis grows as Bolsonaro, top court bicker

  

  Bloomberg President Jair Bolsonaro’s relentless attack on Brazil’s voting system soured his relationship with the Supreme Court, leaving the country on the brink of an institutional crisis. Top Justice Luiz Fux canceled plans for a meeting with Bolsonaro and the heads of congress that was intended to defuse rising tensions between them. The move came a day after the court ...

  Read More »
• 8 August

  Myanmar citizens charged with plot against UN envoy

  Bloomberg Two citizens of Myanmar were arrested in the US and charged with conspiring to injure or kill their nation’s ambassador to the United Nations, federal prosecutors in New York said in a statement. Phyo Hein Htut and Ye Hein Zaw are charged with plotting with a Thai arms dealer who sells weapons to Myanmar’s military government, which took over ...

  Read More »
• 8 August

  Haiti’s tycoon denies to Moise murder plot

  

  Bloomberg Just a few weeks ago, Reginald Boulos, a prominent Haitian businessman, was planning his first presidential run in one of the hemisphere’s most chaotic and troubled nations. Those plans ended July 7 with the brazen murder of President Jovenel Moise and subsequent allegations that Boulos, 65, might have helped finance the country’s first presidential assassination in a century. Speaking ...

  Read More »
• 8 August

  ING signals bumper payouts as profit surpasses expectations

  

  Bloomberg ING Groep NV beat expectations for second-quarter profit after releasing money set aside for doubtful loans, and said it will boost payouts for investors. The Dutch lender’s net income soared to 1.46 billion euros ($1.73 billion) in the three months through June from 299 million euros a year earlier. That compared to the 1.15-billion-euro average estimate of analysts surveyed ...

  Read More »
• 8 August

  Credit Agricole profit beats estimates as provisions decline

  

  Bloomberg Credit Agricole SA’s profit came in above expectations as it joined European peers in posting lower provisions to reflect the improving economy. The Paris-based lender said net income jumped to 1.97 billion euros ($2.3 billion) in the second quarter, more than double the same period last year and above the 1.2 billion euros anticipated by analysts polled by Bloomberg. ...

  Read More »
• 8 August

  KakaoBank soars over 70% in Korean online lender’s debut

  

  Bloomberg KakaoBank Corp, South Korea’s first internet-only lender to go public, surged more than 70% in its trading debut in Seoul to become the country’s largest retail lender by market value. The stock’s jump of as much as 74% gave the company, which doesn’t have brick-and-mortar branches, a market capitalisation of more than 32 trillion won ($28 billion), bigger than ...

  Read More »
• 8 August

  Singapore banks’ increase dividends on profit outlook

  

  Bloomberg Singapore banks will reward investors with higher payouts from better-than-expected earnings, just a week after the central bank lifted restrictions on dividends, marking a nascent recovery from one of their most turbulent years. All of the city state’s top banks — DBS Group Holdings, United Overseas Bank and Oversea-Chinese Banking — said they would increase dividends by an average ...

  Read More »
• 8 August

  BOE takes step towards raising rates as inflation seen spiking

  

  Bloomberg The Bank of England signalled that its concerns over inflation are strong enough to warrant the withdrawal of some support to the UK economy over the next three years. Policy makers led by Governor Andrew Bailey said they now expect annual price growth to peak higher than expected around 4%. While most of the increase may prove temporary, meeting ...

  Read More »