April, 2019

• 22 April

  Climate activists stage protest at Heathrow airport

  

  Bloomberg Climate activists took their campaign to London’s Heathrow airport after disrupting public transport and snarling roads and bridges in the UK’s capital for about a week. Demonstrators planned “action” at Europe’s busiest airport as part of a two-week protest against the effects of climate change, according to a spokeswoman for the group called Extinction Rebellion. She declined to give …

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• 22 April

  Airlines run checks for engine issue on grounded 737 Max

  

  Bloomberg At least three airlines have conducted inspections on the grounded Boeing Co 737 Max concerning an issue that could damage some engine parts. The possible buildup of carbon around fuel nozzles prompted manufacturer CFM International to recommend that some operators examine and potentially replace those components of the Leap-1B models used on the Max. American Airlines Group Inc and …

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• 22 April

  In yogurt world, Greeks are down and Vikings are up

  

  Bloomberg It’s high in protein, low in sugar, and just right for the struggling American dairy industry. It’s Icelandic yogurt, also known as Skyr, and as the meteoric popularity of the Greek product fizzles, farmers are hoping the new variety will help lift them out of years of lackluster demand. A big reason dairy producers love it: Recipes for one …

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• 22 April

  Bed Bath & Beyond names new chairman

  Bloomberg Bed Bath & Beyond unveiled changes to its board of directors including the naming of Lead Independent Director Patrick Gaston as independent chairman, saying the moves were in response to shareholder feedback and connected to its commitment to accelerating board refreshment. Five current independent directors will step down from the board, with the five new independent directors being Harriet …

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• 21 April

  Bahrain’s GIB establishes Saudi arm with $2b capital

  Bloomberg Bahrain-based Gulf International Bank converted its Saudi operation into a locally incorporated bank with 7.5 billion riyals ($2 billion) capi- tal, as the lender looks to boost its presence in the kingdom. The bank’s Saudi arm will be owned equally by GIB, as the Bahraini lender is known, and Saudi Arabia’s Public Investment Fund, according to a statement. Abdulla …

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• 21 April

  UAE stocks gain AED6.2 billion

  DUBAI / WAM UAE stocks maintained their upward movement and gained around AED6.2 billion in market cap at the end of the Sunday session, driven by a spree of selective purchases targeting blue chips and positive quarterly statements announced by the leading listed companies. Amidst the overall bullish sentiments, the general index of the Abu Dhabi Securities Exchange closed at …

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• 21 April

  Listed Emirati firms distribute AED39bn in 2018 dividends

  

  Emirates Business To the tune of AED39 billion in cash dividends have been paid out by listed Emirati companies for their stockholders for the year 2018. The generous cash distributions, which earn the UAE companies the lead over other Middle East-based firms in terms of dividend payouts, are reflective of the high-yield stocks traded in the country’s two main bourses …

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• 21 April

  Total mulls AI use to cut costs

  

  Bloomberg Total SA plans to start a digital factory in the coming weeks to tap artificial intelligence in a bid to save hundreds of millions of dollars on exploration and production projects, according to an executive. The use of artificial intelligence to screen geological data will help identify new prospects, and shorten the time to acquire licenses, drill and make …

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• 21 April

  Taiwan loans get a ‘wind power’ boost

  Bloomberg After marking the best start in seven years, Taiwan’s booming loan market is about to get a further fillip. Jumbo financings for offshore wind farm projects are expected to drive syndicated loan volumes this year, according to CTBC Bank. Taiwan’s bid last week to coax its business people to bring back home billions in overseas assets is set to …

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• 21 April

  Rate cut may not save ‘ringgit rally’ as index outflow looms

  

  Bloomberg A storm is brewing for Malaysian bonds, as the threat of an $8 billion outflow and a falling ringgit erode sentiment, even in the face of a likely interest-rate cut. The biggest rally in ringgit bonds in three years, fuelled by bets for policy easing, has ground to a halt. FTSE Russell sparked the latest — and perhaps biggest …

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