August, 2018

• 1 August

  Lloyds profit jumps while missold insurance costs linger

  

  Bloomberg Lloyds Banking Group Plc is quickly gaining earnings momentum, but is still looking over its shoulder to clean up its troubled past. Britain’s largest mortgage lender posted a 23 percent jump in pretax profit for the second quarter, beating analyst estimates, and also upgraded its financial guidance for the full year. It’s also taking a 460 million-pound charge ($602 …

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• 1 August

  Treasuries slide before Fed as Apple lifts Nasdaq

  

  Bloomberg Treasuries slid and the dollar pared gains as investors counted down to the latest Federal Reserve rate decision. Apple Inc’s rally buoyed the tech sector as an escalation in trade-war rhetoric weighed on equities and battered commodities. A bond sell-off that started in Japan before spreading into Europe picked up steam in the US after the Treasury Department said …

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• 1 August

  China stocks slide as hopes for politburo boost sputters out

  

  Bloomberg Chinese equities and the yuan extended losses on Wednesday afternoon, gaining downward momentum as concern over possible higher US tariffs overwhelmed optimism about Beijing’s pledge to support economic growth. The CSI 300 Index of large mainland-listed companies slid 2 percent, its biggest loss in a month. The offshore-traded yuan fell 0.17 percent to 6.8170 per dollar, while the yuan …

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• 1 August

  New airline all set to join Vietnam’s congested skies

  

  Bloomberg Vietnam’s skies are about to get more crowded. With state-owned Vietnam Airlines JSC and budget carrier VietJet Aviation JSC serving one of the world’s busiest routes, property developer FLC Group JSC wants a piece of the action with a new airline, operating 37 routes in the country after its inaugural flight in October. Called Bamboo Airways, the new airline …

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• 1 August

  101 people survive Mexico airline crash

  

  Bloomberg Multiple people were injured after an emergency landing by Grupo Aeromexico SAB aircraft but no one died, a state official said, contradicting a report of eight fatalities. Many passengers left on foot from the scene of the accident in Durango, Mexico, said Israel Solano, a state civil protection official, in an interview with broadcaster TV Azteca. The Televisa network …

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• 1 August

  Lufthansa fare gains to support earnings

  

  Bloomberg Deutsche Lufthansa AG reassured investors that cost cuts and higher fares will help it reach full-year targets after disruption from storms and air traffic control strikes hurt second-quarter earnings. The shares rose the most in 21 months after Lufthansa reported profit that fell less than analysts had feared, despite a rising fuel bill and increased expenses from integrating parts …

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• 1 August

  HNA chief’s death to delay airline share sale

  Bloomberg Hong Kong Airlines’ plans to sell almost a third of its stock has been held up after the sudden death of a top executive at HNA Group Co., one of the carrier’s biggest shareholders, according to a person familiar with the matter. The death of HNA co-Chairman Wang Jian from an accident in France in early July has halted …

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• 1 August

  Toys ‘R’ Us workers go to Congress to seek curbs on buyout  firms

  

  Bloomberg Fired Toys ‘R’ Us Inc. workers took their travails to Congress to press for changes in the way private equity deals are structured. Potential US presidential candidates Kirsten Gillibrand and Cory Booker, and Minority Leader Chuck Schumer were among Democratic senators who met with former staff members and workers’ rights groups. The ex-employees are asking for new leverage limits …

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July, 2018

• 31 July

  Khalifa Foundation provides relief aid to 180,000 Somalis

  BERBERA/ WAM The Khalifa bin Zayed Al Nahyan Foundation has concluded its third relief operation in Somalia’s Berbera region, distributing food aid packages to 10,000 families affected by the drought. According to a spokesperson from the organisation, the campaign was implemented in accordance with the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, with the support of …

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• 31 July

  DFM index reports biggest monthly rise in a year in July

  Bloomberg Dubai’s main equity gauge posted its biggest monthly gain in a year, powered by a revival in the banking sector as better-than-estimated earnings help UAE stocks escape this year’s doldrums. The DFM General Index has surged 4.8 percent in July. In Abu Dhabi, the ADX General Index posted its largest monthly gain in more than two years, advancing 6.6 …

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