September, 2018

• 8 September

  Facebook makes content deals for ‘watch’ product

  

  Bloomberg Facebook Inc. is launching Watch, its video rival to YouTube, internationally and expanding the financial incentives that encourage people to share their content there. Video makers in five countries will be eligible to take a percentage of the ad revenue that comes from their content around the world as long as their videos on Watch are popular enough and ...

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• 8 September

  Uber, Boeing enlisted to help Japan develop flying cars

  

  Bloomberg Japan is making a push to develop flying cars, enlisting companies including Uber Technologies Inc. and Boeing Co. in a government-led group to bring airborne vehicles to the country in the next decade. The group will initially comprise 21 businesses and organizations, including Airbus SE, NEC Corp., a Toyota Motor Corp.-backed startup called Cartivator, ANA Holdings Inc., Japan Airlines ...

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• 8 September

  Deutsche may have stalled Danske Bank’s Laundromat

  

  Bloomberg Even while caught up in its own suspect transactions in Russia, Deutsche Bank AG may have helped curb the flow of illicit billions through Danske Bank A/S’s branch in Estonia. Deutsche Bank started rejecting individual dollar transactions going through Danske’s branch in Tallinn in 2014, and completely withdrew its services a year later, according to a person familiar with ...

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• 8 September

  Citigroup to revamp investment banking with new leaders

  

  Bloomberg Citigroup Inc. is planning to promote bankers Tyler Dickson and Manolo Falco to run a reconstructed version of its investment banking operations, people familiar with the plan said. The lender was expected to announce the plan on September 6 to combine its corporate and investment bank with its capital markets origination business, the people said, declining to be identified ...

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• 8 September

  Commonwealth, ANZ Bank raise home rates as funding costs bite

  

  Bloomberg Two more of Australia’s big banks have raised home loan rates as funding costs climb, heaping additional pressure on indebted households. Commonwealth Bank of Australia, the nation’s biggest mortgage lender, and Australia & New Zealand Banking (ANZ) Group Ltd. both raised their key standard variable mortgage rate, joining Westpac Banking Corp., which was the first of the big four ...

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• 8 September

  Fintech firms need more scrutiny by regulators, says DBS chief Gupta

  

  Bloomberg Regulators need to increase their scrutiny of non-bank firms that are moving into the financial business, according to the chief executive officer of DBS Group Holdings Ltd., Southeast Asia’s largest lender. “Absolutely,” Piyush Gupta said when asked at a Bloomberg forum in Singapore whether more regulation is needed for technology and other firms that are competing with traditional banks ...

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• 8 September

  Stifel, latest lender to grow leveraged debt business

  

  Bloomberg Stifel Financial Corp. is expanding its leveraged finance business as the firm seeks to grow in a hot corner of the credit markets. The St. Louis-based financial firm is building a new unit that will arrange and sell loans and bonds for junk-rated companies. It plans to use its own capital to underwrite deals, according to a statement seen ...

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• 8 September

  Britain devises plan to keep jets flying in no-deal Brexit

  

  Bloomberg Britain’s Civil Aviation Authority (CAA) is stepping up efforts to ensure that airlines and aerospace companies can carry on functioning in the event of a no-deal Brexit. The regulator has briefed government officials on its plans to recruit staff with the expertise to take over the certification of parts and planes should the split cause Britain to leave the ...

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• 8 September

  KLM’s easing of pilot workload stokes Air France unions’ fire

  

  Bloomberg Dutch airline KLM agreed to reduce the workload for its pilots. Unions at sister carrier Air France want a deal too. Labour representatives at Air France-KLM’s French unit have been asking for a pay rise since the beginning of the year, vowing to stage more strikes if new Chief Executive Officer Ben Smith doesn’t comply. Now that KLM pilots ...

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• 8 September

  Ryanair slams Poland’s ‘stupid’ $10 billion new airport project

  

  Bloomberg Poland’s plan to build a $9.4 billion central airport 45 kilometres (27 miles) outside of the capital will be a waste of money that would be better spent on improving existing facilities, according to Europe’s biggest low-cost carrier Ryanair Holdings Plc. Warsaw already has two operating airports, whose capacities aren’t fully used and could be expanded instead of building ...

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