May, 2018

• 29 May

  Italian drama reawakens fear of Europe’s sovereign-bank loop

  

  Bloomberg Reports of the death of the sovereign-bank “ doom loop” are greatly exaggerated. Italian government bonds have blown up, with the yield on two-year notes skyrocketing by as much as 192 basis points on Tuesday to the highest level since 2012. Spreads on subordinated de-bts from euro-area financial companies, meanwhile, have jumped in sympathy as Rome’s political turmoil reverberates ...

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• 29 May

  Bombardier plans two new luxury aircraft amid demand

  

  Bloomberg Bombardier Inc. will build two new private planes in response to growing demand for large-cabin business jets. The Global 5500 and Global 6500 aircraft will come equipped with redesigned cabins, an optimised wing and all-new Rolls-Royce engines, Bombardier said in a statement. The models, which will have ranges of 5,700 and 6,600 nautical miles, respectively, will likely enter service ...

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• 29 May

  JAB to buy sandwich chain Pret A Manger from Bridgepoint

  

  Bloomberg JAB Holding Co. agreed to buy sandwich chain Pret A Manger, adding a UK business to its portfolio of coffee and food brands that includes Panera Bread Co. and Au Bon Pain. JAB and the seller, private equity firm Bridgepoint Advisers Ltd., didn’t disclose the terms of the deal in a statement. The price is about $2 billion, including ...

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• 29 May

  Primera Air armed with new Airbus plans trans-Atlantic raid

  

  Bloomberg A new Nordic raider is about to descend on Europe’s leading airlines in the shape of a little-known carrier that’s the launch customer for Airbus SE’s latest jetliner. Primera Air, a specialist in holiday flights from Denmark run by Icelander Hrafn Thorgeirsson, aims to take delivery of the first long-range version of the A321neo narrow-body plane in October and ...

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• 29 May

  Steinhoff falls after struggling to break from parent

  

  Bloomberg Steinhoff Africa Retail Ltd. extended a two-day fall to more than 10 percent after the continent’s biggest clothing retailer said it won’t pay a half-year dividend and announced charges related to its scandal-hit parent company. The owner of clothing chains including Pep and Ackermans was spun off by Steinhoff International Holdings NV three months before the majority shareholder reported ...

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• 29 May

  PepsiCo extends bet on clean snack foods with Bare deal

  

  Bloomberg PepsiCo Inc. is placing another bet that American nibblers want healthier options with the purchase of baked fruit and vegetable snackmaker Bare Foods Co. The maker of Mountain Dew and Cheetos inked a deal to buy the San Francisco-based creator of products including beet chips and baked apple crisps. The terms of the deal weren’t disclosed. PepsiCo, which has ...

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• 28 May

  UAE, Canada discuss ways to boost economic, investment ties

  

  OTTAWA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Francois-Philippe Champagne, Minister of International Trade of Canada at the Canadian Foreign Ministry in Ottawa. During the meeting, which was held on the sidelines of Sheikh Abdullah’s official visit to Canada, the two sides discussed bilateral relations and ways to further ...

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• 28 May

  UAE and Italy discuss security cooperation

  

  ROME / WAM The UAE Ambassador to Italy, Saqr Nasser Al Raisi, met the General Commander of the Italian Military Force or ‘Carabinieri’, Giovanni Nistri, in the presence of a number of senior generals and officials. During the meeting, Al Raisi emphasised the UAE’s keenness to work with friendly countries in all fields, especially enhancing international security and community safety. ...

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• 28 May

  ADX joins Equichain’s blockchain working community

  

  Abu Dhabi / Emirates Business Equichain announces the signing of a partnership agreement with the Abu Dhabi Securities Exchange (ADX) to join its working community, which aims to bring efficiencies to capital markets. London-based fintech Equichain operates two exclusive, invitation-only working groups: one for institutional investors and one market infrastructure providers. The goal of this strategic initiative is to seamlessly ...

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• 28 May

  Guyana grants visa on arrival to Emiratis

  ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation announced that citizens of the UAE with diplomatic, private and regular passports can obtain a visa to Guyana upon arrival at the airports. Ahmed Alham Al Dhaheri, Assistant Under-Secretary for Consular Affairs at the Ministry of Foreign Affairs and International Cooperation, said that the UAE’s Embassy in Brasilia ...

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