March, 2019

• 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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• 2 March

  Kenya could take complete ownership of national airline

  

  Bloomberg Kenya may consider taking full ownership of its national carrier to effectively ward off competition from other state-owned airlines on the continent and from the Gulf, according to Transport Principal Secretary Esther Koimett. The East African state owns 48.9 percent of Kenya Airways Plc after it converted debt into equity in 2017. The agreement diluted major shareholder Air France-KLM’s ...

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• 2 March

  JD.com revenue rises on Singles’ Day bargains

  

  Bloomberg JD.com Inc. posted fourth-quarter revenue ahead of estimates, as Singles’ Day promotions helped the Google-backed online retailer fend off competition despite a decelerating Chinese economy. Sales for the three months ending December hit 134.8 billion yuan ($20.2 billion), surpassing the average projection of analysts. The Beijing-based company expects revenue this quarter of 118 billion yuan to 122 billion yuan, ...

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February, 2019

• 27 February

  Adnoc to build world’s largest oil storage facility

  

  SEOUL / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Moon Jae-in of South Korea, on Wednesday attended — at the Blue House in Seoul — the signing of an agreement between the Abu Dhabi National Oil Company (Adnoc), and South Korea’s SK ...

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