April, 2017

• 27 April

  American Air pilots, flight attendants to get pay hike

    Bloomberg American Airlines Group Inc. reversed its opposition to mid-contract pay raises as Chief Executive Officer Doug Parker moved to soothe strained labor relations at the world’s largest carrier. Aviators will receive an increase of about 8 percent as soon as next month with flight attendants getting a 5 percent bump, the world’s largest carrier said in a message …

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• 27 April

  Deutsche Bank’s return to growth delayed as trading trails

  

    Bloomberg Deutsche Bank AG’s muted gains in a particularly strong period for Wall Street trading is raising doubts about how quickly Chief Executive Officer John Cryan can recover ground lost to competitors. Europe’s largest investment bank on Thursday reported an 11 percent increase in revenue from trading bonds and currencies in the first quarter. That’s less than half the …

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• 27 April

  Bank of Japan cuts inflation forecast

  

    Bloomberg The Bank of Japan (BOJ) kept its stimulus policies unchanged while lowering its inflation forecast, underscoring that any exit from its unprecedented monetary easing remains far away. The central bank will continue to use its two policy rates and asset purchases to spur prices higher, it said in a statement Thursday. The decision was expected by almost all …

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• 27 April

  DBS cuts pay of senior executive by 13%

    Bloomberg DBS Group Holdings Ltd. cut senior executive pay by 13 percent last year to hold managers accountable for weaknesses in three areas including surging nonperforming loans, Chief Executive Officer Piyush Gupta said. Besides bad loans, the management of Singapore’s largest bank penalized executives for a weaker performance in Greater China and “control lapses” on the regulatory front, Gupta …

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• 27 April

  HDFC plans India’s largest perpetual debt offering

    Bloomberg HDFC Bank Ltd. is planning India’s biggest offering of perpetual debt as it seeks to bolster capital after missing a world-beating streak of profit growth that lasted two decades. The proposed 50 billion rupees ($780 million) worth of notes, which don’t have a maturity date, are the lender’s first under Basel III norms, according to a person familiar …

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• 26 April

  Etisalat, du Q1 revenues reach AED 7.3 billion

    ABU DHABI / WAM The revenues of Etisalat and du, the UAE’s first and second telecoms operators, including their associated services, amounted to AED 7.3 billion, accounting for 67.2 percent of both companies’ total revenues at the local market, standing at AED 10.76 billion during Q1 2017. Mobile phone services still account for the main bulk of the two …

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• 26 April

  Dubal Holding net profit jumps 10% to AED1.04bn

  

    DUBAI / WAM Dubal Holding (DH), the investment arm for the Government of Dubai in power, commodities, mining and industrial sectors, held its third annual general meeting at the Dubai Ruler’s Court. DH recorded a net profit of AED1.04 billion during 2016, an increase of around 10 per cent over 2015 net profit, and had AED 18.6 billion of …

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• 26 April

  HAAD, TCA Abu Dhabi to establish medical tourism network

    Abu Dhabi / WAM Health Authority – Abu Dhabi (HAAD), the regulator of the healthcare sector in Abu Dhabi, and TCA Abu Dhabi signed an agreement on Wednesday to establish a medical tourism network for international patients travelling to Abu Dhabi for healthcare and treatment services. The agreement was signed during TCA Abu Dhabi and HAAD’s participation at the 2017 …

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• 26 April

  Mubadala, Emirates Youth Council to foster young talent

    ABU DHABI / WAM The Emirates Youth Council and Mubadala Development Company, the Abu Dhabi-based investment and development company, signed an MoU aimed at developing the nation’s youth and equipping them with the skills required to become future leaders. This will be achieved through cooperation on the “100 Mentors” initiative which will deliver a series of leadership talks with …

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• 26 April

  Abu Dhabi Int’l Book Fair opens

    Abu Dhabi / WAM His Highness Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, has inaugurated the 27th edition of the Abu Dhabi International Book Fair (ADIBF), at the Abu Dhabi National Exhibitions Centre (ADNEC). This year’s exhibition will see 1,320 exhibitors participating from 65 countries, and over 500,000 titles in more …

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