April, 2017

• 29 April

  Citigroup’s treasurer hired as Deutsche CFO

    Bloomberg Deutsche Bank AG hired Citigroup Inc. Treasurer James von Moltke to replace Marcus Schenck as chief financial officer, completing a management shakeup that’s been key to the latest turnaround plan. Von Moltke will start in July, Deutsche Bank said in a statement, confirming a report by Bloomberg earlier on Friday. Germany’s biggest bank in March promoted Schenck to ...

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• 29 April

  Danske Bank makes more money on trading

  

    Bloomberg The Nordic region’s best-performing bank said first-quarter profit jumped 12 percent, a better result than analysts had expected, as income from trading grew. Danske Bank A/S reported net income of 5.53 billion kroner ($808 million) for the period, compared with a 4.52 billion-krone estimate in a survey of analysts compiled by Bloomberg. Net interest income rose 9 percent, ...

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• 29 April

  Lebanon’s Blom Bank hits $112mn net profit in Q1

    BEIRUT / Reuters Lebanon’s Blom Bank reported a 3.5 percent year-on-year rise in first-quarter net profit, it said in a statement on Saturday. Net profit for the three months to the end of March was $112.03 million, it said. The bank had reported a $108.23 million net profit for the same period a year ago. It is Lebanon’s second-largest ...

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• 29 April

  Bombardier fires back at Boeing in jet pricing fracas

  

    Bloomberg Boeing Co.’s allegations that Bombardier Inc. sold C Series passenger jets at unfairly low prices are ‘absurd,’ the Canadian planemaker said, raising the volume in an increasingly noisy relationship between the US and Canada. Boeing’s contention that Delta Air Lines Inc. purchased jets for $19.6 million apiece, ‘is plain wrong,’ Bombardier spokesman Bryan Tucker said in an interview. ...

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• 29 April

  Malaysia Airlines to launch charter flights for Haj, Umrah

  

    DUBAI / Reuters Malaysia Airlines is close to launching a new airline that will use its six Airbus A380s to fly passengers undertaking the Muslim pilgrimages of Haj and Umrah, Chief Executive Peter Bellew said. Bellew said that all the key personnel, apart from a chief executive, have been appointed and are likely to be announced in the next ...

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• 29 April

  Qatar Airways unveils latest ‘Global Sales Campaign’

  

    Dubai / Emirates Business Qatar Airways invites passengers to start planning their next trip with amazing discounts on flights across all cabin classes. With the airline’s ‘Global Sales Campaign’, which lasts until May 3, families, friends and couples can book flights to any destination across the airline’s award- winning network of more than 150 destinations across the globe, with ...

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• 29 April

  Brazil retailer GPA jumps most in 6 years

  

    Bloomberg French retail giants Carrefour SA and Casino Guichard-Perrachon SA have spent years battling for dominance on their home turf. Their new big battleground is almost 10,000 kilometers away. Brazil, Latin America’s largest economy, has become a key factor in propping up Carrefour’s earnings in recent years amid disappointing growth in France. The grocer’s quarterly same-store revenue in Brazil ...

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• 29 April

  SalamAir sees up to 12 Airbus A320s by 2020

    DUBAI / Reuters Oman’s new budget airline SalamAir will operate as many as 12 Airbus A320 narrow body jets by 2020, as it aims for profitability by the end 2018, its chief executive said. Launched in January, SalamAir has started flights from Muscat to Dubai, Jeddah in Saudi Arabia and Salalah in Oman. It plans to increase its fleet ...

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• 29 April

  Blackstone power plans hit a snag in Germany

  

    Bloomberg Blackstone Group LP’s quest to be the first company to build back-up power plants in southern Germany faltered after the European Commission queried whether the nation needs the facilities at all. The world’s biggest private equity firm’s PQ Energy unit says an EU antitrust probe could delay a bid to build new reserve power plants in Germany’s industrial ...

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• 29 April

  China oil giants buoyed by higher prices

    Bloomberg Oil’s recovery is helping ease the pain of shrinking output by China’s biggest energy producers. PetroChina Co., the country’s largest producer, reported first quarter earnings swung to a profit thanks to the surge in prices, even as total output fell 6.3% from a year ago. China Petroleum & Chemical Corp., the refining giant known as Sinopec, saw net ...

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