June, 2017

• 28 June

  UK price pressures buy time on rates: BOE

  

  Bloomberg Bank of England (BOE) Deputy Governor Jon Cunliffe helped draw the battle lines for the August interest-rate decision, saying that policy makers have time before they need to hike. While some members of the BOE’s rate-setting committee have argued that consumer-price inflation of 2.9 percent means an increase in borrowing costs from a record-low 0.25 percent is required imminently, ...

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• 28 June

  JPMorgan turns bullish on future of investment banks

  Bloomberg Four years after questioning whether global investment banks would survive the regulatory scrutiny unleashed after the financial crisis, JPMorgan Chase & Co. analysts are now singing a different tune. Investment banks are “in better shape and better managed than ever, especially in the U.S.,” analysts led by Kian Abouhossein wrote in a note to clients Monday. “Global investment banks ...

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• 28 June

  China examines deals gone awry to gauge banking risks

  

  Bloomberg China’s banking regulator, which has asked local lenders to provide loan information on the country’s top deal-making companies, is examining examples of acquisitions gone awry by those firms to assess potential risks to the financial sector, people familiar with the matter said. The China Banking Regulatory Commission (CBRC) is seeking to gauge how much risk Chinese banks face by ...

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• 28 June

  Aeroflot to sign $8.7 billion Airbus A350 order for 28 jets

  

  Bloomberg Aeroflot PJSC is targeting a deal for 28 Airbus SE A350 jets by the end of this year, double an initial outline agreement, as Russia’s biggest airline pushes expansion plans buoyed by a recovering economy. The board authorized the purchase of a second tranche of 14 A350-900s last month, but final terms including cabin configuration, delivery slots and pricing ...

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• 28 June

  Emirates to use face scanners to cut waits

  

  Bloomberg Emirates is introducing facial recognition technology to shorten passengers’ waits at immigration and check-in counters, a move that comes as the U.S. revives a ban that could complicate air travel from the Middle East. Passengers will be able to upload biometric details such as ‘selfies’ to their smartphones, and use the data to scan through boarding gates and other ...

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• 28 June

  Amsterdam’s Schiphol airport tests express lane for light travellers

  Bloomberg Amsterdam’s Schiphol Airport is looking to give travelers with little or no baggage speedier passage through security, responding to checkpoints clogged with an increasing number of passengers loaded with carry-on bags. Beginning in July, the airport will start a trial to streamline processing for passengers with no more than a laptop case, small backpack or handbag, according to a ...

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• 28 June

  Hainan Air seeks assets abroad to build global network

  

  Bloomberg Like its acquisitive parent HNA Group, Hainan Airlines Holding Co. is looking to bolster growth by buying assets on its own outside China, undeterred by potential headwinds posed by regulatory scrutiny of the parent’s overseas deals. The nation’s fourth-largest carrier is exploring airlines and companies along the industry’s “value chain,” President Sun Jianfeng said in an interview, without elaborating. ...

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• 27 June

  Tourism, future energy industries committed to curbing emissions

  ASTANA / WAM Under the theme ‘Tourism and Future Energy: Unlocking Low-Carbon Growth Opportunities,’ industry leaders and policy makers have convened in the Kazakh capital city of Astana to discuss contribution of the tourism sector to reducing carbon emissions. The Conference is a joint initiative of Astana EXPO 2017 and the United Nations World Tourism Organisation (UNWTO) with the support ...

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• 27 June

  RAK corporate centre eyes business prospects in Cyprus

  RAS AL-KHAIMAH / WAM A delegation from RAK International Corporate Centre (RAKICC), a premium corporate registry for International Business Companies (IBCs), has travelled to Cyprus this week. Led by RAKICC CEO, Joe Moynihan, the delegation held meetings with potential partners and industry advisors to discuss the benefits of international businesses incorporating in RAKICC. While in Cyprus, Moynihan also spoke at ...

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• 27 June

  Xpress Money records 12 percent rise in remittances

  Dubai / Emirates Business Xpress Money has recorded a 12% increase in remittances in the first two weeks of Ramadan as compared to the same period last year. The increase is reflected in outward remittances to South Asia, the Levant and other parts of the MENA region. “Ramadan is the month of giving, and we traditionally witness that remittances back ...

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