January, 2018

• 21 January

  BofA tops IBM, tech firms in blockchain patents

  

  Bloomberg Bank of America Corp. may not be willing to help customers invest in bitcoin, but that doesn’t mean it isn’t plowing into the technology underlying the cryptocurrency. The Charlotte, North Carolina-based lender has applied for or received at least 43 patents for blockchain, the ledger technology used for verifying and recording transactions that’s at the heart of virtual currencies. ...

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• 21 January

  Bank of Korea holds rate steady; inflation remains below target

  

  Bloomberg The Bank of Korea left its key interest rate unchanged as inflation remains below target and the nation’s currency trades near a multi-year high. The unanimous decision to keep the seven-day repurchase rate at 1.5 percent, in the next-to-last rate decision before Governor Lee Ju-yeol’s term ends in March, was forecast by all 17 analysts surveyed by Bloomberg. The ...

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• 21 January

  Credit Suisse plans bonus pool increase for 2017

  

  Bloomberg Credit Suisse Group AG, Switzerland’s second-largest bank, plans to increase its bonus pool for last year as the lender makes progress on its three-year restructuring plan, two people familiar with the plans said. The pool may increase by a low single-digit percentage, but is yet to be finalised, said one of the people, who asked not to be identified ...

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• 21 January

  Steinhoff sells private jet to broker Avpro

  

  BLoomberg Steinhoff International Holdings NV, the global retailer fighting to recover from an accounting scandal, sold its luxury Gulfstream 550 private jet to a US aircraft broker as it seeks to boost liquidity. The plane, with serial number 5113, was registered to Annapolis, Maryland-based Avpro Inc. on January 12, according to the US Federal Aviation Administration’s online records. The luxuriously ...

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• 21 January

  Airbus in talks with British Airways to sell more A380s

  

  Bloomberg Airbus SE is in talks to sell new A380 superjumbo planes to British Airways this year after securing a programme-saving deal from Persian Gulf operator Emirates, according to people familiar with the matter. The UK carrier, which currently has 12 A380s in its fleet, had said in the past that it was looking for six to seven second-hand A380s. ...

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• 21 January

  United Airlines debuts upgraded economy class

  

  Bloomberg United Continental Holdings Inc. is set to debut an upgraded economy section with bigger seats on some international flights, following similar moves by US rivals. United will introduce what it’s calling Premium Plus later this year, spokeswoman Maggie Schmerin said, without giving further details. A memo sent to United employees said the new section will have additional perks including ...

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• 21 January

  Delta gets tough on support animals as in-flight issues surge

  

  Bloomberg The day of the service duck and emotional support chicken on airlines may be drawing to a close. Delta Air Lines Inc. said it will more thoroughly vet passengers’ efforts to fly with all manner of unusual animals, which often board US airlines under the guise of psychological or medical support. “Customers have attempted to fly with comfort turkeys, ...

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• 20 January

  Masdar, DoT sign deal on autonomous transport tech

  

  ABU DHABI / WAM The Department of Transport – Abu Dhabi (DoT) and the Abu Dhabi Future Energy Company (Masdar) signed a Memorandum of Understanding (MoU) to cooperate in the study, testing and evaluation of sustainable, electrical and autonomous transport technologies. Khalifa Mohamed Al Mazrouei, Under-Secretary of the Department of Transport, and Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer, ...

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• 20 January

  ADM inks investment contracts

  

  ABU DHABI / WAM Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality (ADM) signed an agreement and several contracts with property development and investment companies. The contracts included constructing, building and operating recreational playgrounds for workers and Musaffah, and an agreement for construction and operation of recreational playgrounds for workers, one sports complex in Musaffah, 4 service ...

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• 20 January

  DEWA, US boost energy ties

  DUBAI / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA) met with a high-level delegation from the US Department of Energy. Waleed Salman, Executive Vice President of Business Development and Excellence, Dr. Yousef Al Akraf, Executive Vice President of Business Support and Human Resources, and Marwan Bin Haider, Executive Vice President of ...

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