April, 2019

• 30 April

  Fed has a problem at heart of its battle to spark inflation

  

  Bloomberg There’s a flaw at the heart of central banking’s approach to inflation targeting that’s become a hot issue for the Federal Reserve as it takes a long, hard look at its strategy. For decades, central bankers have pursued price goals while saying financial stability risks are better curbed by regulation. The contradiction is that monetary policy is often the …

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• 30 April

  FAA starts its bid to restore confidence in Boeing’s Max

  

  Bloomberg The US Federal Aviation Administration (FAA) took a potentially important step towards rebuilding confidence not only in the Boeing Co 737 Max but also in the agency itself, convening a week-long summit of civil aviation regulators from Brussels to Beijing. Led by former National Transportation Safety Board Chairman Christopher Hart, delegates from eight overseas nations and the European Union …

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• 30 April

  Airbus earnings soar on higher output of rival to Boeing’s Max

  

  Bloomberg Airbus SE earnings surged in the first quarter as the European planemaker churned out higher numbers of the A320 narrow-body jet that’s the biggest global rival to Boeing Co’s grounded 737 Max. The company delivered 126 A320s, a model that appears to have overcome a run of engine manufacturing faults just as the 737 faces questions about its future …

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• 30 April

  Lufthansa halts its low-cost arm’s capacity growth as fare war bites

  

  Bloomberg Deutsche Lufthansa AG halted capacity expansion at its Eurowings low-cost arm after the group’s first-quarter margins were squeezed by rising fuel bills and overcapacity that’s sparked a Europe-wide fare war. Europe’s biggest airline is abandoning plans to increase capacity at Eurowings by 2 percent this year. Lufthansa issued a profit warning that attributed a plunge in earnings before interest …

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• 30 April

  Dans, Honeywell to explore ‘new airports’

  

  Dubai / Emirates Business Dubai Air Navigation Services (dans), the air navigation services provider for Dubai and part of the Northern Emirates has signed a memorandum of understanding (MoU) with leading technology provider, Honeywell, to explore the potential for the co-development of new technologies that will increase efficiency, predictability, safety and environmental efficiency of airports and airside operations. The MoU …

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• 30 April

  Starbucks, Dunkin’ brace for levies, bans on to-go coffee cups

  

  Bloomberg The People’s Republic of Berkeley, Calif, takes pride in its leadership on all things civic and environmental. The small liberal city east of San Francisco was one of the first US cities to adopt curbside recycling. It banned styrofoam and was early to take on plastic shopping bags. Earlier this year, the Berkeley city council put on notice a …

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• 29 April

  FAB records AED3.1b profit in first quarter

  

  ABU DHABI / WAM First Abu Dhabi Bank (FAB) reported solid operating performance for the first quarter that ended on March 31, on Monday, with net profit amounting to AED3.1 billion, up 6 percent sequentially and 4 percent YoY. According to a press statement released by the bank, annualised earnings per share (EPS) stood at AED1.08, compared to AED1.06 in …

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• 29 April

  Aramco targets 15-fold boost in shale gas output

  

  Bloomberg The world’s biggest oil exporter is ramping up efforts to develop natural gas with plans for a 15-fold boost in output from unconventional deposits of the fuel. Saudi Aramco is building facilities to tap shale gas in the kingdom’s oil-rich eastern region and is making “a lot of progress” towards this goal, CEO Amin Nasser told report-ers in Dammam. …

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• 29 April

  Deal signed to launch cost of doing business index for SMEs in Dubai

  

  DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED), mandated to develop the small and medium enterprise (SME) sector, has signed a memorandum of understanding (MoU) with the Dubai Chamber of Commerce and Industry, to launch an index that will evaluate the cost of doing business for SMEs in Dubai. The MoU was signed by …

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• 29 April

  Anadarko Q1 profit beats estimates on rise in oil, gas sales

  

  Bloomberg Anadarko Petroleum Corp, the oil producer at the center of a bidding war, posted adjusted earnings for the first quarter that beat analysts’ estimates as oil and gas sales rose versus last year. The Texas-based driller said it earned 53 cents a share, excluding one-time items that included a $316 million loss attributed to the settlement of commodity derivatives. …

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