November, 2018

• 20 November

  RBI, Modi govt signal truce on reserves

  

  Bloomberg India’s central bank signalled a compromise with the government by agreeing to study a demand for sharing a part of its capital — an issue that had triggered a public spat between the monetary policy makers and their political bosses. The Reserve Bank of India will form a panel to consider the funds transfer to the government, the central ...

  Read More »
• 20 November

  ECB: Banks breaking pledge to avoid risk

  Bloomberg European lenders are breaking promises that they would avoid excessive risk in the wake of the financial crisis, according to the European Central Bank. “We’re seeing more and more banks take risks that, back in 2008 and 2009, they said they’d never do again,” said Korbinian Ibel, a director general at the ECB’s banking supervision arm. “They argue that ...

  Read More »
• 20 November

  Greece mulls subsidy for debtors to get banks back on track

  

  Bloomberg Greece is trying everything to get its banks back on track, including a direct subsidy to some of their most troubled customers. The government is working on a plan to lessen the burden for borrowers of modest means who can’t repay their debts, according to two people familiar with the project. Though it’s not clear how many borrowers would ...

  Read More »
• 20 November

  Smooth ride to defy carriers despite Modi’s Jet-Tata match

  

  Bloomberg A rescue of beleaguered Jet Airways brokered by the Indian government is unlikely to end the pain of local airlines that are struggling to make money in one of the toughest markets, according to analysts. Tata Group’s interest in purchasing Jet Airways India Ltd. may be a “step in the right direction,” although it won’t transform overnight an industry ...

  Read More »
• 20 November

  Boeing’s 737 Max jet gets a thumbs up in $4.4bn Korean order

  

  Bloomberg Boeing Co.’s 737 Max jet just got a vote of confidence with a $4.4 billion order from a South Korean carrier, less than a month after one of the planes crashed in an incident investigators believe was caused by a faulty flight system. Jeju Air Co., South Korea’s biggest budget carrier, ordered 40 Max 8 aircraft at a list ...

  Read More »
• 20 November

  Shiseido signs tennis star Osaka to fuel global presence

  Bloomberg Shiseido Co., the Japanese beauty company seeking a more global presence, is bringing on a local hero with international appeal to sell its cosmetics, signing tennis star Naomi Osaka as a brand ambassador. Osaka, the first Japanese player to win a Grand Slam singles championship, has attracted advertisers looking for a fresh new face to reach a more diverse ...

  Read More »
• 20 November

  EasyJet’s summer bookings gain amid Brexit concern

  

  Bloomberg EasyJet Plc delivered a surprisingly upbeat assessment of the impact of Brexit on the European travel market, saying that not only will flights continue unimpeded but that bookings for next year are actually higher. The company’s fiscal first half, which ends on March 31, two days after Britain is due to quit the EU, is showing “solid demand,” with ...

  Read More »
• 20 November

  Largest Ikea store to open in Manila

  

  Bloomberg The world’s largest Ikea store will open in 2020 in the Philippines as the Swedish furniture retailer presses on its bets in Asia. Ikea will debut a 65,000 square metre (700,000 square feet) store in SM Prime Holdings Inc.’s Mall of Asia where it’s leasing a space that’s equal to more than 150 basketball courts, Ikea Southeast Asia Managing ...

  Read More »
• 20 November

  French supermarket chain names new finance chief

  Bloomberg Casino Guichard-Perrachon SA promoted David Lubek to chief financial officer as the embattled French supermarket chain freshens up management in a bid to fend off short sellers who question its accounting. Lubek, 45, replaces Antoine Giscard d’Estaing, a 57-year-old nephew of a former French president. The outgoing CFO will pursue new professional projects after 10 years at the company, ...

  Read More »
• 19 November

  Mohamed emphasises importance of dialogue on child safety

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received the participants of the ‘Interfaith Alliance For Safer Communities: Child Dignity in the Digital World Forum’ being organised by the Ministry of Interior. During the meeting, held at the Al Bahr ...

  Read More »