September, 2018

• 16 September

  Oil set for gain while uncertain outlook spurs volatility

  

  Bloomberg Oil headed for a weekly gain as threats to supply in Iran and Venezuela overshadowed risks to demand, while an uncertain outlook heightened volatility. Futures in New York are on course for a 1.7 percent advance this week amid signs that looming US sanctions are taking a toll on Iranian crude exports. Volatility headed for the biggest weekly increase …

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• 16 September

  UK tourists died of illness triggered by E. Coli, says Egypt

  Bloomberg A British couple vacationing at the Red Sea resort of Hurghada last month died of illness triggered by E. coli bacteria, Egypt’s prosecutor said, citing a forensic report. John and Susan Cooper died on August 21 while staying at the Steigenberger Aqua Magic hotel. The couple had been booked at the hotel through tour operator Thomas Cook Group Plc, …

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• 16 September

  Zamil Offshore, King Abdulaziz University sign cooperation pact

  Dubai / Emirates business Under the patronage of HE Prof Abdulrahman Obaid AI-Youbi, an agreement was signed between King Abudlaziz University and Zamil Offshore. The agreement was signed by the Dean of the Faculty of Maritime Studies Dr. Hattan Timraz and Mr. Mazen S Al Harbi Chief of Human Resources of Zamil Offshore. The cooperation agreement signed between the two …

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• 16 September

  Nordic power losses blow to world’s oldest market

  

  Bloomberg A big trading scandal was the last thing Nasdaq Inc.’s Nordic power market needed. Once the kingpin of European electricity trading, activity on the world’s oldest power market is languishing at its lowest level since 1999 after some of the biggest banks, hedge funds and industrial consumers deserted the market as tougher regulation made buying and selling too expensive …

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• 16 September

  Philippine peso looks to remittances to stem slide

  

  Bloomberg The embattled Philippine peso needs a break and it may soon get one. More than 10 million overseas Filipinos are preparing to send record amounts of money home for the Christmas and New Year holidays — a period when remittances pick up — with analysts from MUFG Bank Ltd. and Standard Chartered Plc saying those funds will help ease …

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• 16 September

  Credit Suisse heralds calmer years ahead as restructuring ends

  

  Bloomberg Tidjane Thiam is looking forward to things getting back to normal. In an interview with Swiss newspaper NZZ am Sonntag, the chief executive officer of Credit Suisse Group AG said the bank is now targeting “business as usual” after years of restructuring. “Over the past three years we worked day and night to deal with our legacy from the …

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• 16 September

  Investec money manager seen as target after split from bank

  

  Bloomberg After amassing 109 billion pounds ($143 billion) in assets within the belly of Investec Plc, Hendrik du Toit can now plot his own course as the money manager he founded splits from the banking group. For Investec Chief Executive Officer Stephen Koseff it is a bittersweet moment. He’s preparing to leave the company next month after 40 years of …

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• 16 September

  Ant hires Deutsche banker to run new fund

  Bloomberg Billionaire Jack Ma’s Ant Financial has hired a senior banker from Deutsche Bank AG to join its investment team, according to people with knowledge of the matter. Wu Xiaopin, most recently Deutsche’s head of China equity capital markets, has joined Ant as a managing director, the people said, asking not to be identified because the information is private. Wu …

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• 16 September

  ANZ Bank sued by regulator over share sale

  Bloomberg Australia & New Zealand Banking Group Ltd. is being sued by the securities regulator over a controversial 2015 share sale which is already the subject of criminal-cartel charges. The Australian Securities & Investments Commission alleges the lender breached continuous disclosure responsibilities by not informing the market that the joint lead managers of the sale took up approximately 25.5 million …

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• 16 September

  JPMorgan vet Moraes picked to run PE fund in Brazil

  

  Bloomberg Patricia Moraes got lots of job offers after leaving JPMorgan Chase & Co. in January, but the only one she said “made my hands start to sweat” came from the billionaire families that run Magazine Luiza SA. Moraes said yes when the retail giant’s chairwoman, Luiza Helena Trajano, asked her to become one of the few women in Brazil …

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