September, 2019

• 2 September

  American pulls 737 Max from schedule through early Dec

  

  Bloomberg American Airlines Group Inc removed the Boeing Co 737 Max from its schedule for another month, joining carriers cancelling flights until December and beyond as they await US approval to fly the grounded jet. The extension means the cancellation of 140 daily flights through December 3, American said in a statement. The airline “remains confident that impending software updates ...

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• 2 September

  Topsports plans to seek approval for $1b HK IPO

  

  Bloomberg Topsports International Holdings Ltd, the private equity-backed Chinese sportswear retailer, plans to seek Hong Kong stock exchange approval next week for its initial public offering, people with knowledge of the matter said. The company, which is a unit of women’s shoe retailer Belle International Holdings Ltd, plans to sell shares in September if it passes the listing hearing, according ...

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• 2 September

  Schiphol airport strike set to disrupt flights

  Bloomberg A strike by KLM ground staff on Monday was expected to disrupt flights at Amsterdam’s Schiphol Airport, one of Europe’s busiest travel hubs. The airline said the two-hour strike starting at 8 am is “very likely” to cause disruption for carriers that are part of its SkyTeam alliance, including Air France, Transavia and Delta Air Lines. It advised travellers ...

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• 2 September

  Late-night airport arrivals to become easier at Japan’s Narita

  

  Bloomberg Japan’s Narita International Airport, located about 40 miles outside of Tokyo, has always been something of a headache for travellers. A lack of off-hour transport options means passengers and staff on early and late flights can sometimes be left stranded. But that’s about to change, with train and bus operators set to expand their schedules in order to accommodate ...

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• 2 September

  Steinhoff seeks fresh start, nominates new auditor

  

  Bloomberg Steinhoff International Holdings NV nominated Mazars LLP’s Netherlands unit as its new group auditor as the South African retailer looks to make a fresh start after it was almost destroyed by an accounting scandal. Mazars accepted an offer to replace Deloitte, Steinhoff’s board said at its annual general meeting in an Amsterdam hotel. Shareholders will able to vote on ...

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• 1 September

  Trump heaps more tariffs on China as deal still elusive

  

  Bloomberg The Trump administration slapped tariffs on roughly $110 billion in Chinese imports on Sunday, marking the latest escalation in a trade war that’s inflicting damage across the world economy. The 15% US duty hit consumer goods ranging from footwear and apparel to home textiles and certain technology products like the Apple Watch. A separate batch of about $160 billion ...

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• 1 September

  DGCX breaks record with $53bn in trade in August

  

  DUBAI / WAM In August, for the first time, the Dubai Gold and Commodities Exchange (DGCX), traded over three million contracts in one month, surpassing its previous record of 2.38 million contracts set in July. The 3.22 million lots traded and cleared in August were valued at $52.72 billion, also a new record. The exchange recorded its highest-ever daily volume ...

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• 1 September

  Abu Dhabi issues 3,854 new economic licences

  Abu Dhabi / WAM The Abu Dhabi Department of Economic Development issued 3,854 new economic licences in second quarter, recording a rise of more than 44%, compared to 2,671 commercial licences issued during same period last year, as per commercial activity report by department’s Abu Dhabi Business Centre. According to report, 1,947 new licences were issued in Abu Dhabi city, ...

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• 1 September

  Hunting weapons worth AED35.5m sold at Adihex

  

  ABU DHABI / WAM The total value of hunting weapons sold at the Abu Dhabi International Hunting and Equestrian Exhibition, ADIHEX 2019, which ended at the Abu Dhabi National Exhibition Centre (Adnec), reached AED35.5 million. Brigadier Salim Hamoud Al Balushi, Chairman of the Security Organising Committee of the Exhibition, said that this level of sales reflects the public’s interest in ...

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• 1 September

  Saudis sharpen oil policy focus with energy ministry reshuffle

  

  Bloomberg With oil trading below Saudi Arabia’s break-even level, energy policy is a top priority for the world’s biggest crude exporter. Following the loss of most of his domestic portfolio, Energy Minister Khalid Al-Falih will now have more time to work on balancing the market. Saudi Arabia will split the vast energy, industry and mining portfolio that Al-Falih had run ...

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