October, 2018

• 13 October

  Bank of Thailand sees economy capable of absorbing rate hike

  

  Bloomberg Thailand’s economy is solid enough to handle an interest-rate increase and expectations of tightening this quarter are already partially reflected in the strength of the baht, according to the central bank. A quarter-point hike, or even a climb of 50 basis points, would have “some, but not much” impact on consumer and corporate borrowing, Bank of Thailand Senior Director ...

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• 13 October

  Deutsche Bank, HSBC, Citi join $3.8bn deal with Egypt

  

  Bloomberg Egypt struck a deal to get $3.8 billion in new financing from an international consortium that includes Deutsche Bank AG and HSBC Bank Plc to boost its foreign-currency stockpile at a time when an emerging-market selloff is spooking investors. The accord replaces a one-year, $3.1 billion agreement that will expire next month, and aims at “extending the duration” of ...

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• 13 October

  BOJ bond-buying set for slowest since ’13

  

  Bloomberg If the Bank of Japan’s “stealth tapering” of its asset purchase program were to continue at the current pace, it would need to revise its monetary easing policy within the next two years, according to Goldman Sachs Group Inc. By the end of 2019, the pace of growth of the central bank’s bond purchases is on track to fall ...

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• 13 October

  ‘Great bank heist’ sees $130mn plundered in South Africa

  

  Bloomberg A probe into the failure of VBS Mutual Bank found that at least 53 people and companies may have benefited from the looting of 1.9 billion rand ($130 million) from the South African lender before its collapse. Investigator Terry Motau, who was appointed by the central bank to lead the inquiry, is calling for arrests to be made and ...

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• 13 October

  Airbus could beat Boeing to market with range-boosting jet

  

  Bloomberg Airbus SE could build a longer-range version of its newest narrow-body jet by 2023, according to prospective buyer Air Transat, beating a competing Boeing Co. model to the market. The Canadian carrier’s president, Jean-Francois Lemay, has been briefed by Airbus on its thinking regarding service entry for the proposed aircraft, as well as by leasing firm AerCap Holdings NV, ...

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• 13 October

  Boeing is delaying US return to space: NASA

  

  Bloomberg Boeing Co.’s construction of the largest rocket in NASA’s history is projected to cost $8.9 billion—double the initial budget. While taxpayer-funded cost overruns are de rigueur when talking about the US military industrial complex, the massive aerospace company is also two years behind schedule, a gap that could widen further, according to an audit by NASA’s inspector general. The ...

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• 13 October

  American Airlines files lawsuit over its logo copyright denial

  

  Bloomberg American Airlines isn’t pleased with the US Copyright Office’s conclusion that its logo lacks creativity. So the airline is upholding a distinctly American tradition — it’s taking the agency to court. The logo, introduced in 2013 amid a major rebranding by the company, depicts an abstract white eagle’s head poking through a diagonal band with blue on top and ...

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• 13 October

  Sears’s demise has Best Buy, JC Penney licking their chops

  

  Bloomberg The increasing pain at Sears Holdings Corp. could mean big gains for competitors, with appliances the biggest moneymaker up for grabs. The struggling retailer has been giving away market share for years, but its Kmart and Sears chains still generate about $14 billion in annual sales. And if the company ultimately files for bankruptcy and liquidates its roughly 800 ...

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• 13 October

  UK regulator lands Heathrow slots as first target post Brexit

  

  Bloomberg The UK’s competition watchdog is setting out what it wants to look like in a post-Brexit world — and the first step is filling the regulatory gap. The Competition and Markets Authority plans to probe control of the take-off and landing slots at London’s Heathrow Airport as part of an investigation into a British Airways alliance on tran- satlantic ...

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• 10 October

  UAE has become an international symbol of tolerance: Sheikh Nahyan

  

  ASTANA / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister for Tolerance, said that the UAE, since its establishment by the late Sheikh Zayed bin Sultan Al Nahyan, has become a regional and international symbol of tolerance and humanitarian coexistence, through its initiatives and efforts to support international organisations that call for tolerance, love and peace around the world. He ...

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