August, 2017

• 16 August

  HSBC hires Goldman veterans for Asia equities

  

  Bloomberg HSBC Holdings Plc has hired three executives from Goldman Sachs Group Inc. as it seeks to bolster its equities business in the Asia-Pacific region, people familiar with the matter said. Michael Chandler, formerly Goldman Sachs’s co-head of Asia-Pacific research sales, has joined HSBC as head of equity sales for the region, the people said, asking not to be named ...

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• 16 August

  PBOC chief Zhou’s proteges poised to take reform baton

  

  Bloomberg As the retirement of People’s Bank of China Governor Zhou Xiaochuan nears, his legacy of financial reform may yet live on through the advancing careers of people he’s helped guide to prominence. The latest examples of that phenomenon are five officials, associated with Zhou and seen as like-minded reformers, who were promoted since 2015 to key posts at the ...

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• 16 August

  Egypt’s central bank holds interest rates

  Reuters Egypt’s central bank is seen leaving key interest rates unchanged this month, a Reuters poll indicated, after it raised them by 200 basis points last month for the second time as inflation soared. Egypt has raised key interest rates by 7 percentage points since it floated the pound in November as part of a $12 billion International Monetary Fund ...

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• 16 August

  Guptas to tell Bank of Baroda they’ve found alternative

  

  Bloomberg The Gupta family, whose accounts are being closed down by the Bank of Baroda’s South African unit, have told the Indian lender that they’ve found another company willing to offer them banking services, according to a person familiar with the matter. The Bank of Baroda, which took on the Guptas after South Africa’s four biggest lenders closed their accounts, ...

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• 16 August

  Cathay fails to get ‘top dollar’ amid revamp

  

  Bloomberg Cathay Pacific Airways Ltd. is slipping in its efforts to get passengers to pay more for its premium services in a test for new Chief Executive Officer Rupert Hogg as the company reported back-to-back losses. Passenger yields continued to decline in the first half of the year, led by its services to North America and Europe, as discounts to ...

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• 16 August

  Air Berlin chief blames delays to new airport for insolvency

  

  Reuters Air Berlin’s chief executive blamed long delays in the opening of a new Berlin airport for the German airline’s insolvency in an interview published by Germany’s Die Zeit. “Air Berlin is also a victim of the constant postponements of the new airport,” the weekly newspaper quoted Thomas Winkelmann as saying. Winkelmann’s comments came a day after Air Berlin, Germany’s ...

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• 16 August

  Online sales help boost US retailer Target’s forecast

  

  Bloomberg Target Corp. delivered another sign that its comeback is taking hold as stronger online sales helped brighten the retailer’s outlook. Second-quarter sales topped analysts’ estimates, and the company boosted its forecast for the rest of the year. That helped soothe investors after a rocky earnings season for retailers, sending Target shares up as much as 4.9 percent. The results ...

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• 16 August

  Amazon’s ‘eclipse glass’ row trips up Wright

  

  Bloomberg Jason Wright wanted to make a quick buck selling eclipse-viewing glasses on Amazon.com Inc. before the moon blocks the sun in a rarely seen cosmic spectacle next week. He loaded up his credit cards to buy thousands of pairs from a manufacturer, enlisted family and friends to pack and ship them from his parents’ Salt Lake City home and ...

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• 16 August

  Trump says Amazon does ‘great damage’ to retailers

  

  Bloomberg US President Donald Trump once again unloaded on Amazon.com Inc., tweeting that the company is hurting other retailers and implying that it’s killing industry jobs across the US. Amazon is causing “great damage to tax paying retailers,” Trump said in a Twitter post Wednesday, causing shares in the online retailer to fall as much as 1.2 percent in early ...

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• 15 August

  Abu Dhabi named safest city in world with lowest crime rate

  

  ABU DHABI / WAM Abu Dhabi has been named the safest city in the world by Numbeo, a website that curates and collates data to develop the world’s largest user-contributed database about cities and countries worldwide. With the lowest crime index of just 13.54 in the past six months, and the highest safety index of 86.46, Abu Dhabi was well ...

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