October, 2017

• 22 October

  Turkey regulators say no US probe into banks

  Bloomberg Turkish banks aren’t under investigation and US authorities haven’t sent any information or documents to their Turkish counterparts, Mehmet Ali Akben, the head of the Banking Regulation and Supervision Agency, or BDDK, told Bloomberg News by phone. His denial was in response to a report in the Haberturk newspaper, citing banking sources it didn’t name, saying six Turkish banks ...

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• 22 October

  Goldman Sachs is pricing some research as low as $200 per user

  Bloomberg Goldman Sachs Group Inc. is offering fixed-income investors discounted prices for its research once MiFID II rules come into force in January. Firms with as many as 25 users may pay $10,000 annually for a full package of credit research, occasional equity research as well as access to conference calls and ad hoc contact with analysts, according to an ...

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• 22 October

  Rift within India’s central bank panel widens as views differ

  

  Bloomberg India’s monetary policy-makers disagreed sharply over whether the economy needed another dose of stimulus, underlining their dilemma as growth slowed with inflation forecast to accelerate. While five on the six-member monetary policy committee voted to keep the key policy rate unchanged this month, one member said the Reserve Bank of India (RBI) must be ready to tighten while another ...

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• 22 October

  For C Series jet, Airbus puts price tag on ‘made-in-US’ label

  

  Bloomberg Securing a “made-in-US” label for Bombardier Inc.’s C Series jet by building another assembly line in Alabama would cost only “a few hundred million dollars,” Airbus SE’s No. 2 executive said. The new facility is crucial to Airbus’s strategy for increasing US sales of the Canadian plane while avoiding stiff trade penalties imposed by the Trump administration. Bombardier projects ...

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• 22 October

  JetBlue drops 12 travel agencies to cut costs

  

  Bloomberg JetBlue Airways Corp. has withdrawn its flights from a dozen online travel sites in the first phase of a broader effort to trim $20 million from its ticket-selling expenses. JetBlue is remaining with larger agencies including Priceline.com and Expedia Inc., along with Expedia’s Travelocity.com and Orbitz.com units. The airline favours sites like Kayak Software Corp.’s Kayak.com where consumers can ...

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• 22 October

  United’s earnings-call shakes faith in CEO

  

  Bloomberg In the span of a one-hour conference call, Wall Street’s confidence in the leadership of United Airlines plummeted. Analysts pressed Chief Executive Officer Oscar Munoz and President Scott Kirby on how they planned to deal with rising costs and falling pricing power. Would they rein in growth in the face of fare weakness? Provide more detail on revenue initiatives? ...

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• 22 October

  Truly automatic check-in will make you hate airports a little less

  

  Bloomberg Airports are the gateway through which we escape our daily drudgery. They allow us to wing our way to vacations, family reunions, even business junkets. But tainting every trip is the prospect of stress and frustration that comes with negotiating an infrastructure that envelops us from fare shopping to seat belt-click. There’s the ticketing counter, the kiosks, the bag ...

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• 21 October

  Oil output compliance hits record 120%: OPEC

  

  VIENNA / WAM The OPEC and non-OPEC producing countries’ Joint Ministerial Monitoring Committee (JMMC) stated that based on the report of its Joint Technical Committee (JTC) for the month of September 2017, OPEC and participating Non-OPEC producing countries have achieved a record high conformity level with the voluntary production adjustments, reaching 120 percent. “In September 2017, OPEC and participating non-OPEC ...

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• 21 October

  FDI inflows to West African nations up 12% to $11.4bn

  

  DUBAI / WAM Foreign direct investment (FDI), inflows to West African countries increased 12 percent to $11.4 billion in 2016, supported by recovering investment in Nigeria, a recent analysis conducted by the Dubai Chamber of Commerce and Industry revealed. The analysis, based on data from United Nations Conference on Trade and Development, UNCTAD, was released by the Chamber as it ...

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• 21 October

  ADGM, ADCB join forces to enhance FinTech ecosystem in Abu Dhabi

  ABU DHABI / WAM Abu Dhabi Global Market (ADGM), together with Abu Dhabi Commercial Bank (ADCB), announced a new partnership aimed at promoting Fintech and building a vibrant ecosystem in Abu Dhabi and the UAE. Through this agreement, ADCB aims at partnering with the FSRA on a range of FinTech-related initiatives and activities. Abu Dhabi Commercial Bank and Abu Dhabi ...

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