March, 2019

• 2 March

  Huawei Mate 20 Pro named ‘best smartphone’

  BARCELONA / Emirates Business At MWC Barcelona 2019, Huawei Consumer Business Group (BG) received an award from the event organiser GSMA. The Huawei Mate 20 Pro was named the “Best Smartphone” in recognition of its powerful performance, outstanding camera system, long battery life, innovative charging solutions and striking design. This coveted accolade serves as a testament to Huawei’s leading technologies ...

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• 2 March

  Barclays steps in as JBS scandal drives away Wall Street banks

  

  Bloomberg Barclays Plc has emerged as the go-to bank for the world’s largest meat supplier after scandals at the company pushed Wall Street to the sidelines. JBS SA and its subsidiaries have sold at least four overseas bond deals totaling $2.75 billion since 2017, when the Brazilian powerhouse’s owners became embroiled in allegations of corruption. Barclays underwrote all of them. ...

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• 2 March

  Wells Fargo sees rising legal risk amid sales abuse probe

  

  Bloomberg Wells Fargo & Co. boosted an estimate for potential legal losses by $500 million while disclosing that it’s in early talks to resolve another round of probes into sales abuses at its branches. The company said it might have to spend as much as $2.7 billion more than what it set aside by the end of December to resolve ...

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• 2 March

  MUFG to buy DZ bank’s aviation business for $6.4bn

  

  Bloomberg Mitsubishi UFJ Financial Group Inc. agreed to buy DZ Bank’s aviation finance division in one of its biggest acquisitions since it was created in 2005. The assets MUFG bought from Germany’s second-largest bank, held by its subsidiary DVB Bank, include a loan portfolio of 5.6 billion euros ($6.4 billion) as well as the unit’s employees and “parts of the ...

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• 2 March

  Bank of Korea keeps key rate steady

  

  Bloomberg South Korea’s central bank left its key interest rate unchanged as the outlook for Asia’s fourth-largest economy weakens amid falling exports, soft jobs growth and waning inflation. The Bank of Korea kept the seven-day repurchase rate at 1.75 percent, as forecast by all 26 analysts surveyed by Bloomberg. Most economists expect the BOK to leave borrowing costs where they ...

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• 2 March

  JPMorgan mulls China private bank business

  

  Bloomberg JPMorgan Chase & Co. is considering setting up a private bank in China as new regulations give foreign firms a better chance to compete with local players in the world’s second-biggest pool of wealthy people. The New York-based bank is doing a “feasibility study” on China’s onshore wealth business as part of broader plans to expand in the nation, ...

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• 2 March

  Airbus plans to make newest jet in China to win orders

  

  Bloomberg Airbus SE is looking at assembling its newest A330neo wide-body jet in China as part of a bid to win orders for the plane in one of the world’s fastest-growing aviation markets, according to people with knowledge of the matter. Airbus may expand its existing plant in Tianjin to accommodate the model, but a decision hasn’t been made with ...

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• 2 March

  Boeing signs $15.7bn deals in Vietnam

  

  Bloomberg Vietnam’s Bamboo Airways and VietJet Aviation JSC signed deals to buy 110 aircraft from Boeing Co. during President Donald Trump’s visit to Hanoi for a summit with North Korean leader Kim Jong-Un. Bamboo agreed to purchase 10 787-9 Dreamliners worth about $3 billion, while VietJet’s order is for 100 737 Max planes valued at $12.7 billion, Boeing said. VietJet’s ...

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• 2 March

  Marks & Spencer falls over Ocado tie-up

  

  Bloomberg Marks & Spencer Group Plc fell the most in two and a half years after the retailer said it will finance a nearly $1 billion investment in online retailer Ocado Group Plc with new shares and cut its dividend. M&S plans to offer as much as 600 million pounds ($797 million) in new stock to help pay 750 million ...

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• 2 March

  Cathay Pacific mulls bid for HNA-backed carriers

  

  Bloomberg Cathay Pacific Airways Ltd., Asia’s biggest international carrier, is studying a bid for stakes in two smaller Hong Kong airlines backed by embattled Chinese conglomerate HNA Group Co., people with knowledge of the matter said. Cathay Pacific has held preliminary talks with HNA about acquiring minority stakes in Hong Kong Express Airways Ltd. and Hong Kong Airlines Ltd., according ...

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