May, 2017

• 27 May

  Brazil’s ‘iron lady’ quits as head of BNDES

  

  Bloomberg Maria Silvia Bastos resigned as the head of Brazil’s state development bank (BNDES) amid a corruption scandal engulfing both the institution and President Michel Temer. The BNDES in a statement cited personal reasons for Bastos’ decision, without elaborating. Brazil’s currency and the Ibovespa stock index trimmed gains. Paulo Rabello Castro, an economist in charge of the national statistics agency ...

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• 27 May

  Barclays trader fired amid foreign exchange probe

  

  Bloomberg A Barclays Plc trader fired amid a global probe into foreign-exchange market manipulation lost his lawsuit against the bank after a judge ruled the lender was right to dismiss him for revealing confidential information to rivals and using sexually explicit, racist language in online chats. Barclays suspended Jack Murray in October 2013, shortly after regulators began probing banks suspected ...

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• 27 May

  Sberbank records $2.98bn profit as lending margin widens

  

  Bloomberg The Russian state-controlled behemoth reported net income of 167.8 billion rubles ($2.98 billion), beating estimates of 159 billion rubles by 10 analysts surveyed by Bloomberg. Earnings were boosted by a stronger net interest margin as the Russian central bank moved slowly to bring down borrowing costs. It was the third record profit in the last five quarters. Sberbank Chief ...

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• 27 May

  New airport scanners could end bans on laptops, liquids

  

  Bloomberg Manufacturers of airport security equipment have a message for travelers who fear they will have to give up laptops and tablet computers on international flights: They have a solution. At least four of the largest companies making screening devices say they are developing scanners so much better at detecting explosives than existing X-ray machines that passengers could leave laptops, ...

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• 27 May

  Ryanair to offer New York, Havana links with Air Europa deal

  

  Bloomberg Ryanair Holdings Plc will soon offer connections to destinations including New York and Havana, as the budget carrier widens its network of long-haul partners with a deal with Spain’s Air Europa. In the first stage of the cooperation starting Tuesday, Ryanair customers can book Air Europa tickets to 20 cities in the Americas via the Dublin-based carrier’s website, the ...

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• 27 May

  AirAsia CEO says it’d be ‘foolish’ not to look at C919

  

  Bloomberg AirAsia Bhd., the low-cost carrier that flies only Airbus SE planes, would consider using newly developed aircraft such as the Chinese-made C919 as the airline expands its fleet and destinations. “I think as an airline you have to look at everything,” AirAsia Group Chief Executive Officer Tony Fernandes said in a Bloomberg Television interview, when asked whether the carrier ...

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• 27 May

  Wizz Air hikes capacity as fares recover

  Bloomberg Wizz Air Holdings Plc plans to step up its expansion in Eastern Europe as slower capacity growth at local flag-carriers stung by higher fuel costs encourages a recovery in ticket prices. Budapest-based Wizz will add 6.6 million seats in the year that began April 1, lifting its capacity to about 33 million passengers. The increment represents about half of ...

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• 27 May

  Privatization of Canada airports needs bondholder pass

  

  Bloomberg Never mind voters or airport executives. The constituency Canada needs to get on board for any privatization of the country’s airports is its bondholders. Investors who hold debt in the country’s biggest airports are protected by rules and contracts that would likely require the government to get their consent — and offer compensation — before it could change the ...

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• 27 May

  Apple plans dedicated chip to power AI on devices

  

  Bloomberg Apple Inc. got an early start in artificial intelligence software with the 2011 introduction of Siri, a tool that lets users operate their smartphones with voice commands. Now the electronics giant is bringing artificial intelligence to chips. Apple is working on a processor devoted specifically to AI-related tasks, according to a person familiar with the matter. The chip, known ...

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• 27 May

  LG signature TV marks entry into UAE

  

  Dubai / Emirates Business After having recently showcased its flagship LG SIGNATURE OLED TV W at LG InnoFest – the company’s annual marketing conference, LG Electronics (LG) has announced the ultra-premium TV’s rollout in the UAE. LG’s highly anticipated and most innovative Picture-on-Wall design TV enjoys an unrivalled razor-thin profile with less than 3mm of thickness when mounted on the ...

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