July, 2019

• 29 July

  Women pay 18% more in banking fees than men: Study

  Bloomberg Each year, banks reap billions of dollars from overdraft and other fees. A new analysis of more than 500,000 US users on investing app Stash found women pay a disproportionate amount of those penalties. Male Stash users, the survey found, pay $182 per year in fees, while women pay $214, or 18 percent more. That includes late fees as …

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• 29 July

  JPMorgan, UBS among banks facing $1b FX-rigging suit

  

  Bloomberg JPMorgan Chase & Co and UBS Group AG are among five banks being sued over allegations of foreign-exchange rigging in a class-action lawsuit seeking more than 1 billion pounds ($1.2 billion). Barclays Plc, Citigroup Inc and Royal Bank of Scotland Group Plc are the other three targets of the UK suit that will say pension funds, asset managers, hedge …

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• 29 July

  Ryanair clings to profit outlook amid Max grounding, fare war

  

  Bloomberg Ryanair Holdings Plc clung to its full-year earnings outlook as a fare war and the grounding of Boeing Co’s 737 Max jetliner ate into first-quarter profit at Europe’s biggest discount airline. Margins on ticket sales are shrinking, with a glut of seats hurting prices in Germany and concerns around Brexit weighing on UK demand, Ryanair said. At the same …

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• 29 July

  Africa’s Amazon to solve ‘location issue’ with Vivo

  

  Bloomberg Jumia Technologies AG’s plan to expand its online retail and trading platform in less developed parts of Africa has long had one significant challenge: A lack of formal addresses for deliveries. That may be about to change due to an agreement with Vivo Energy Plc, the London-listed owner of more than 2,100 Shell and Engen-branded service stations across the …

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• 29 July

  HNA considers to refinance Swissport debt as sale stalls

  

  Bloomberg HNA Group Co is considering refinancing Swissport International’s debt after talks to sell the airport-cargo handler stalled on valuation, people familiar with the matter said. The Chinese conglomerate is working with advisers to extend Swissport’s debt maturities and ease pressure from creditors, the people said, asking not to be identified because the matter is private. While the refinancing is …

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• 29 July

  Air France set to order new A220 jets

  Bloomberg Air France is set to approve the purchase of 50 to 70 new Airbus jets, French newspaper Journal du Dimanche (JDD) reports, in a boon for the European aviation giant. Chief Executive Officer Ben Smith, who took the reins of Paris-based Air France-KLM last year, will outline his plans for updating the airline’s fleet when the company announces its …

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• 29 July

  Nestle gains as Starbucks coffee capsules help sales speed up

  

  Bloomberg Nestle SA shares gained to a record after a new line of Starbucks coffee products helped spur the food company’s fastest quarterly revenue growth in more than three years. Since February, the Swiss company has been selling Starbucks-branded capsules for Nespresso and Dolce Gusto machines, along with roast and ground. That’s boosting growth as the company forecast it may …

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• 28 July

  UAE continues to send relief convoys to Yemen’s Dhale

  

  ABU DHABI / WAM The United Arab Emirates continues to send aid convoys carrying all essential items, including medical supplies, to the Yemeni governorate of Dhale through the Emirates Red Crescent (ERC). An ERC volunteer team oversaw the distribution of the relief convoys in the presence of Major General Ali Muqbel, Governor of Dhale, who appreciated the UAE’s continuous support …

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• 28 July

  Cautious hopes as US, China set to resume talks

  

  Bloomberg Almost three months after their trade talks broke down in acrimony, Chinese and American negotiators meet again in Shanghai this week amid tempered expectations for breakthroughs in their yearlong trade war. Two days of talks are scheduled to restart on Tuesday after an uneasy truce reached by Presidents Donald Trump and Xi Jinping on the sidelines of the Group …

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• 28 July

  No interest in taking over Clariant: Sabic

  Bloomberg Saudi Basic Industries Corp. has no interest in taking over Clariant AG after the chemicals makers last week halted talks on their high-performance plastics venture, the company’s chief executive officer said. “Our investment in Clariant is a strategic investment, we’re going to continue to look at this investment as a growth opportunity,” Yousef Abdullah Al Benyan told reporters in …

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