July, 2017

• 10 July

  HSBC in talks to end crisis-era mortgage probe

  

  Bloomberg HSBC Holdings Plc is in talks to resolve a U.S. probe into its sale of toxic mortgage bonds a decade ago, according to people familiar with matter, a negotiation that could offer an early look at how the Trump Justice Department will deal with global banks. The London-based bank has had at least one meeting with the Justice Department ...

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• 10 July

  Barclays to hire more people for Japan ops

  

  Bloomberg Barclays Plc is on a hiring spree to boost its investment banking and market operations in Japan, one year after it shut its cash equity business and cut 120 jobs. The UK firm plans to hire more than 10 bankers and sales staff this fiscal year to advise on mergers and sell investment products, Kentaro Kiso, president of Barclays ...

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• 10 July

  BOJ draws line in sand but faces battle to cap bond yields

  

  Bloomberg While the Bank of Japan (BOJ) faced down the market with its offer to buy an unlimited amount of bonds, the battle over yield control may have only just begun. The swift action allowed the BOJ to quickly assert authority over the 10-year yield, bringing it down from a five-month high of 0.105 percent. The question is how far ...

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• 10 July

  Wal-Mart sells first yen bond in 7 years as fund costs fall

  

  Bloomberg Wal-Mart Stores Inc. sold yen bonds for the first time in seven years, taking advantage of falling fundraising costs and Japanese demand for securities issued by well-known US firms. The US retailer offered 170 billion yen ($1.5 billion) of five-year, seven-year and 10-year notes, in its first yen issuance since selling 100 billion yen of debt in July 2010. ...

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• 10 July

  Etihad Holidays expands in Saudi Arabia, Kuwait, Oman and Bahrain

  

  Abu Dhabi / Emirates Business Etihad Holidays has launched operations in Saudi Arabia, Kuwait, Oman and Bahrain to provide a wide choice of package holiday options to travellers in the four countries. The move follows the successful introduction of Etihad Airways’ holiday division in the UAE, UK, Germany, India and North America. Launched in 2004, Etihad Holidays offers dynamically packaged ...

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• 10 July

  Comac to mass produce ARJ-21 regional jets

  

  Bloomberg Chinese aircraft builder Comac won approval from the nation’s aviation regulator to start mass production of its homemade ARJ21 regional jet, paving the way for deliveries to customers. The Civil Aviation Administration of China issued production certificates for the 90-seater Advanced Regional Jet, state-owned Commercial Aircraft Corp. of China Ltd., or Comac, said in a statement, adding it aims ...

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• 10 July

  Air Arabia launches flights to Sohar

  

  Sharjah / Emirates Business Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC) launched its inaugural flight to Sohar, making it the first international flight to commence operations at the Sohar Airport. The Air Arabia flight will operate three times a week, on Sundays, Mondays and Wednesdays, departing from Sharjah International Airport (SHJ) at 08:00 ...

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• 10 July

  Wataniya Airways to resume operations today

  

  DUBAI / Reuters Wataniya Airways is to resume flights on Tuesday for the first time since ceasing operations in 2011, according to state news agency KUNA. Wataniya halted operations after three years in business due to its financial situation and political instability in the Middle East. The Kuwaiti airline will restart with a scheduled service on July 11 to Tbilisi, ...

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• 10 July

  US lifts electronics ban on Royal Jordanian

  Bloomberg The national carriers of Jordan and Kuwait announced that passengers will once again be allowed to carry personal electronics, including laptops, on board US-bound flights, ending a ban that had been imposed in March. The US had issued the ban over concerns IS extremists and other extremists could hide bombs inside laptops. Royal Jordanian said it had implemented “enhanced ...

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• 10 July

  Musafir.com wins ‘best online travel agency’ award

  

  Dubai / Emirates Business Musafir.com, the UAE’s first homegrown premium-experience travel website has been recognised as the ‘Best Online Travel Agency’ in the Middle East at the first-ever Arabian Travel Awards held at JW Marriott Hotel Dubai. Musafir.com competed against a number of leading travel service providers in the Middle East to showcase its industry-leading technology, customer service and product ...

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