September, 2019

• 15 September

  Stock bulls betting on rate cuts are a long way from sure thing

  

  Bloomberg Another rate cut from the Federal Reserve is all but certain. Its impact on the stock market, however, is the topic of frantic debate. In the bear camp are Bank of America Corp and Morgan Stanley, whose strategists warned against relying too much on lower rates to boost stocks. In separate research, they reached the same conclusion after studying ...

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• 15 September

  Pound rally to face test of Johnson’s Brexit-deal talks

  

  Bloomberg The pound’s best run against the euro since 2016 will be tested next week as leaders from Britain and the European Union seek to make progress in breaking the Brexit deadlock. Sterling has climbed for five weeks against the common currency, rallying on the slightest hints of Brexit compromise. With British Prime Minister Boris Johnson now scheduled to meet ...

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• 15 September

  Embraer sees lifeline beyond US for new small jet E175-E2

  

  Bloomberg As Embraer SA prepares to complete the first assembly of its revised regional jet, the plane will enter the market with a disadvantage: It’s too heavy to be flown under the terms of US pilot contracts. But the Brazilian manufacturer still expects to find eager buyers for its new E175-E2 elsewhere in the Americas, Southeast Asia and Europe. “My ...

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• 15 September

  Japan Airlines may bid for Malaysia Air stake

  

  Bloomberg Japan Airlines Co could be a contender to buy a stake in Malaysia Airlines Bhd, the Edge weekly newspaper reported. There have been high-level talks for Japan Airlines to pursue an interest in the Malaysian national carrier amid close ties between the two governments, the Edge said, citing two unidentified people familiar with the matter. Japan Airlines President Yuji ...

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• 15 September

  Whole Foods to cut medical benefit plan for part-timers

  Bloomberg Amazon.com Inc-owned Whole Foods Market is changing medical benefit eligibility requirements next year that could leave as many as 1,900 part-time workers without coverage. Employees will have to work at least 30 hours a week to qualify for a healthcare plan beginning January 1, up from the current eligibility requirement of 20 hours, the company said in an emailed ...

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• 15 September

  Hong Kong air traffic tumbles as protests take toll on visitors

  

  Bloomberg Hong Kong’s air traffic declined last month as protests took a toll on the city. Hong Kong International Airport handled 6 million passengers in August, down 12.4 percent from a year earlier, according to figures published by the Airport Authority. It said the decline was mainly due to lower visitor numbers. There was also a “significant” fall in passenger ...

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• 15 September

  UK’s CAA plans ‘if Thomas Cook collapses’

  Bloomberg The UK aviation regulator is preparing for a possible collapse of tour operator Thomas Cook Plc ahead of a showdown with bondholders, the Times of London reported, without saying where it got the information. The Civil Aviation Authority (CAA) is making contingency plans for the possibility of having to repatriate “hundreds of thousands” of passengers stranded abroad, the newspaper ...

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• 15 September

  Female pilots from Philippines to help Asia’s travel boom

  

  Bloomberg The Philippines’ largest flight school is trying to bring more women into the cockpit to help meet a shortage of pilots in Asia. At Alpha Aviation Group’s campus in Pampanga province north of the capital, one in five of its 550 students each year are women, whereas only about 3 percent of the world’s pilots are female, founder Bhanu ...

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• 14 September

  UAE condemns terrorist attack on two Saudi Aramco facilities

  

  WAM / Bloomberg The UAE strongly condemned the terrorist attack on Saturday that targeted two Saudi Aramco facilities in Abqaiq province and Hijrat Khurais in Saudi Arabia, causing fires that were later brought under control. In a statement issued on Saturday, the Ministry of Foreign Affairs and International Cooperation denounced this terrorist and subversive act, saying it is new evidence ...

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• 14 September

  ADX distributes AED25b in cash dividends to investors

  

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), announced on Saturday the distribution of over AED25 billion in cash dividends to 572,774 eligible investors on behalf of its listed companies. In comparison to the 2018 dividends, the 6.95 percent increase demonstrates the attractiveness of the investment environment in the Emirates and especially in Abu Dhabi. According to a statement ...

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