June, 2017

• 21 June

  Thailand’s bad loan ratio is worse than China’s

  

  Bloomberg Nonperforming loans at Thailand’s banks are set to peak towards the end of 2017, according to Fitch Ratings, an outlook that may salve investor sentiment in one of Asia’s worst-performing stock markets this year. Thai economic growth is subdued but relatively stable at about 3 percent, signaling a slower expansion in bad loans in the months ahead and an ...

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• 21 June

  China’s rate guidance calms markets without giving game away

  

  Bloomberg People’s Bank of China’s (PBOC) Governor Zhou Xiaochuan, who has likened monetary-policy communication to chess, is telling markets more about his moves as he makes them. That doesn’t mean he’s ready to give the game away. The PBOC’s regular cash injections are now coming complete with comments about their intent, helping to soothe markets just before the cash crunch ...

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• 21 June

  Boeing overwhelms Airbus on Asian demand for 737 jet

  

  Bloomberg Boeing Co. dominated the deal flow at the Paris Air Show, overwhelming rival Airbus SE on the back of Asian demand for the new Max 10, the biggest version of its 737 workhorse. The US planemaker secured orders and expressions of interest (EOI) for more than 500 jets worth as much as $66 billion, compared with Airbus’s tally of ...

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• 21 June

  Emirates sees demand returning on US routes

  

  PARIS / Reuters Emirates, the Middle East’s largest airline, is seeing a return in demand on routes to the United States that it had started to retreat from in May, President Tim Clark said on Wednesday. Emirates announced in April it would cut flights on five US routes from May, blaming travel restrictions imposed by President Donald Trump’s administration for ...

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• 21 June

  Bombardier wins $1.7bn order from SpiceJet

  Bloomberg Bombardier Inc won an order from SpiceJet Ltd for as many as 50 turboprop planes worth $1.7 billion as the Indian budget carrier expands its fleet to meet demand for regional air travel. The deal is for 25 Q400 planes, with purchase rights for 25 more, Bombardier said. The deal comes a day after SpiceJet signed an agreement to ...

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• 21 June

  Huawei to open ‘experience store’ at The Dubai Mall

  Emirates Business Huawei Consumer Business Group has announced plans to open its first ‘Experience Store’ in the UAE fully equipped and dedicated to offer customers a complete hands-on product experience. The store will be strategically located at The Dubai Mall and is slated to cement Huawei’s position as one of the leaders in the smartphone market. In line with Huawei’s ...

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• 21 June

  Power outage cost British Airways £80mn

  Bloomberg British Airways owner IAG SA said a power outage that led to the cancellation of hundreds of flights last month probably cost it about 80 million pounds ($102 million) in lost revenue and the expense of accommodating, re-booking and compensating thousands of passengers. The figure is based on an initial assessment and London-based IAG will update the market on ...

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• 21 June

  Rolls-Royce to upgrade its engines for Airbus A380

  

  Bloomberg Rolls-Royce Holdings Plc is seeking ways to upgrade its engines for Airbus SE’s A380 as the planemaker attempts to win orders for the slow-selling superjumbo jet, the company’s biggest. “We are contemplating what we can do over and above with Airbus,” Eric Schulz, Rolls-Royce’s head of civil aviation, said in a Bloomberg TV interview. “As soon as we mature ...

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• 20 June

  SMEs to drive region’s big data sector to $12bn

  DUBAI / Emirates Business Middle East medium and smaller businesses will drive the region’s USD 12 billion business intelligence mar- ket, according to the ne- wly appointed channel head at digital transformation enabler SAP. While small- and medium-sized enterprises comprise the majority of Middle East enterprises, they lag in digital technology adoption. Among SMEs in the region, only 18 percent ...

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• 20 June

  ‘Happiness without Borders’ initiative launched

  DUBAI / Emirates Business Chief Happiness and Positivity Officers from various government agencies launched the ‘Happiness without Borders’ initiative in an effort to establish happiness and positivity as a lifestyle and a cultural trait in the UAE. The idea is for Chief Happiness and Positivity Officers to offer free counsel to government and private institutions, where they share the experience ...

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