December, 2017

• 13 December

  Top inflation-targeting bank in Asia mulls hike

  

  Bloomberg A small economy that’s constantly battling risks beyond its control like typhoons and oil prices has been one of the most successful in managing inflation in Asia. The Philippine central bank, which has an annual inflation target that’s currently set at 2 percent to 4 percent, met its goal six times in the past eight years and the two ...

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• 13 December

  Europe capitalised banks face disappointment over Basel

  

  Bloomberg Banks in Norway, Scandinavia’s most prosperous economy, are among the best capitalised in Europe thanks to rules that are considerably stricter than those recommended by the Basel Committee on Banking Supervision. Now, the bankers’ association in Oslo is hoping local authorities will ease Norwegian requirements after the Basel Committee sent out its completed framework last week. But Norwegian banks ...

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• 13 December

  Rate watchers stunned as Polish central bank governor turns ‘data deaf’ on inflation

  

  Bloomberg Polish central bank Governor Adam Glapinski makes up in bravado what he lacks in evidence. Glapinski was unapologetic last week when confronted with figures that showed price pressures on the rise and inflation unexpectedly on target months earlier than forecast. In fact, Glapinski said the data “even reinforced” his conviction that the country’s longest-ever pause on interest rates can ...

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• 13 December

  Little relief for bond markets as India’s inflation soars

  Bloomberg India’s inflation surged past the central bank’s target, bolstering a view that interest rates may rise earlier than expected and offering little relief to battered bond markets. Consumer prices rose 4.9 percent in November from a year earlier as food and fuel costs surged, the Statistics Ministry said in a statement. That’s the fastest pace in 15 months and ...

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• 13 December

  Lufthansa drops plan to buy Air Berlin’s Niki as EU digs in

  

  Bloomberg Deutsche Lufthansa AG is ready to transfer landing rights from Air Berlin Plc to leisure giants Thomas Cook Group Plc and TUI AG in an effort to fend off antitrust concerns about its bid for most of the insolvent carrier, people familiar with the plan said. Lufthansa is proposing that takeoff and landing slots from Air Berlin’s Niki division ...

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• 13 December

  Canada ditches plans to buy Boeing jets

  

  Bloomberg The Trudeau government is escalating a trade fight with Boeing Co., ditching plans to buy 18 Super Hornets while launching a search for new fighter jets under parametres that could hamper future bids from the US plane maker. Canada said it would instead pursue plans to buy 18 used Australian F-18 fighter jets to supplement its aging fleet, and ...

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• 13 December

  US’ Spirit Airlines makes jump in on-time rankings

  

  Bloomberg The airline that passengers love to hate is figuring out how to arrive on time. Spirit Airlines Inc. rose to third place in the Department of Transportation’s monthly tally of US airlines’ on-time performance in October, with 87.2 percent of its flights arriving within 14 minutes of their scheduled time. That placed it ahead of larger Alaska Air Group ...

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• 13 December

  Unibail reaches US, UK with $16bn Westfield deal

  

  Bloomberg As mall owners around the world seek a defense against Amazon.com Inc, Europe’s largest commercial landlord is betting the solution lies across the Atlantic. Unibail-Rodamco SE’s agreement to buy Australia’s Westfield Corp. for about $15.8 billion gives it control of mega malls in North America and London as landlords try to compete with internet retailers by focussing on the ...

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• 13 December

  Plan B Group bags award

  

  Emirates Business At a recently held Enterprise Agility Award function at St. Regis Dubai, Plan B Group got awarded as fastest growing company for the year 2016-17. Held annually, the event currently has three editions held in the United Arab Emirates, Qatar and Saudi Arabia. Harmeek Singh, Chairman of the Plan B Group, received the award from Essa Ali Alzaabi, ...

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• 12 December

  UAE pharma sector poised to reach AED14.11bn by 2020

  

  DUBAI / WAM The pharmaceutical market in the United Arab Emirates is expected to grow from AED9.61 billion in 2016 to AED14.11 billion by 2020, driven by increased healthcare expenditure, mandatory health insurance, and growing medical tourism. This was stated by the participants in the Pharmaceutical Research & Man-ufacturers Association Gulf Forum (PhRMAG 2017), being held under the patronage of ...

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