January, 2019

• 30 January

  United Air drops fee for in-flight TV

  Bloomberg United Continental Holdings Inc. is dropping the fee to watch DirecTV live television and films on jets equipped with the service. Free television will now be available on 211 of United’s Boeing Co. single-aisle 737s, United said in a statement on Wednesday. Like most of its rivals, the airline also offers free streamed content across its fleet even as …

  Read More »
• 30 January

  Boeing’s decision of the decade: Does it build the 797?

  

  Bloomberg Boeing Co. executives are closing in on one of their most important decisions of the decade: whether to plow an estimated $15 billion into a new jetliner family. The aircraft nicknamed the 797 would feature Boeing’s first all-new design since the 787 Dreamliner’s unveiling in 2004, while shoring up its product line against recent Airbus SE advances. The European …

  Read More »
• 30 January

  Germany to auction more offshore wind

  

  Bloomberg Chancellor Angela Merkel’s government is set to hold more auctions for offshore wind power, plugging a current gap in tenders for the next three years that the industry has said would harm turbine makers and hamper green targets. Germany will probably add about 5 gigawatts in capacity in the coming years, bringing the total capacity envisaged by the end …

  Read More »
• 30 January

  TransCanada taps RBC for gas line stake sale

  Bloomberg TransCanada Corp. hired RBC Capital Markets LLC to sell a stake in the Coastal GasLink project, which would supply a Royal Dutch Shell Plc-led gas-export terminal, as the pipeline faces mounting opposition. If TransCanada moves forward with the sale, joint venture partners in the C$6.2 billion ($4.7 billion) project could end up owning as much as 75 percent of …

  Read More »
• 30 January

  SocGen plans investment bank job cuts to save $114mn a year

  

  Bloomberg Societe Generale SA is making a last-ditch effort to boost its performance after a trading slump threatened Chief Executive Officer Frederic Oudea’s targets. The French bank — recovering from regulatory probes that cost it billions of euros and a management reshuffle — plans to cut jobs in less profitable investment banking businesses to save at least 100 million euros …

  Read More »
• 30 January

  Swedbank Estonia CEO among ECB member nominees

  

  Bloomberg The head of Swedbank’s Estonian unit Robert Kitt is among three nominees who are in the running to replace central bank chief Ardo Hansson as the Baltic nation’s voting member on the European Central Bank’s Governing Council. The nominees, listed by the central bank’s eight-member supervisory board, also include deputy Governor Madis Muller and senior Finance Ministry official Marten …

  Read More »
• 30 January

  Metro Bank plunges on misclassified assets, capital concern

  

  Bloomberg Metro Bank Plc fell the most since going public after applying an incorrectly low risk weighting to parts of its loan book, with the British lender’s chief saying he doesn’t know how long the mortgages in question had been wrongly classified. The shares plunged as much as 39 percent and the bank’s bonds also fell on concern it will …

  Read More »
• 30 January

  Brexit uncertainty may split BOE policy makers on how to respond

  

  Bloomberg Don’t be fooled by the Bank of England’s (BOE) recent unanimity — the debate will become more heated. While Brexit has split Britain down the middle, policy makers have voted 9-0 on interest rates for the past four meetings and generally stayed quiet on the outlook as the UK’s impeding divorce from the European Union becomes more fraught. Governor …

  Read More »
• 30 January

  ‘Blockchain is making progress outside crypto’

  

  Bloomberg It may take a few years for blockchain’s impact to be felt meaningfully, but it will provide some advancements in certain areas even as cryptocurrencies falter, according to JPMorgan Chase & Co. “Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements,” JPMorgan’s chair of global research, Joyce Chang, said in an interview. “The …

  Read More »
• 29 January

  DLD launches its real estate promotion plan

  

  Dubai / WAM Dubai Land Department (DLD) launched its real estate promotion plan for the Real Estate Investment Promotion Investment Management Sector during a press conference held on Tuesday in presence of HE Sultan Butti bin Mejren, Director General of DLD. During the conference, Majida Ali Rashid, CEO of the Real Estate Investment Promotion Investment Management Sector at DLD, discussed …

  Read More »