March, 2017

• 26 March

  Malaysia Air CEO mulls deals for 42 jets

  

    Bloomberg Malaysia Airlines Bhd. plans to seal deals for as many as 42 wide-body jets over the next few months as the unprofitable carrier seeks to rebuild its long-haul network following a surge in demand. Terms should be agreed in the next six to eight weeks for the lease of up to a dozen used Airbus Group SE A330 ...

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• 26 March

  Region’s first talent-booking app launched in Dubai

  

    Dubai / Emirates Business FLC Production & Model Management, part of FLC Group – a Dubai-based Marketing Services Agency, launched the region’s first Model and Talent booking app. Available for both IOS and android users, this free application offers clients a revolutionary way to select talent for their upcoming campaigns. “At FLC, we are constantly looking for ways to ...

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• 26 March

  Goldman Sachs in talks for Saudi Arabian equities license

  

    Bloomberg Goldman Sachs Group Inc. is in preliminary talks for an equities license in Saudi Arabia as the US lender seeks to take advantage of the country’s economic reforms, according to people familiar with the matter. The bank has yet to file a formal application, the people said, asking not to be identified as the information is private. While ...

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• 26 March

  UK banks face $6.7mn supervision tab for Brexit costs

  

    Bloomberg The Bank of England (BOE) plans to boost fees on UK banks to recover 5.4 million pounds ($6.7 million) of regulatory costs associated with Brexit. The BOE’s Prudential Regulation Authority said that Britain’s withdrawal from the European Union ‘will require a significant amount of work’ to review rules and respond to industry questions. The bank said the industry might ...

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• 26 March

  Bank of Ireland CEO to retire after crisis comeback

  

    Bloomberg Bank of Ireland Plc Chief Executive Officer Richie Boucher, who took over amid the nation’s worst economic crisis in living memory and helped the lender recover from a bailout, intends to step down. Boucher, 58, will remain in charge of Bank of Ireland while the board seeks a new CEO, the Dublin-based company said in a statement. He ...

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• 26 March

  Banks take €233.5 billion in ECB free loans with QE exit in mind

  

    Bloomberg The European Central Bank gave euro-area banks 233.5 billion euros in its last offer of free long-term cash, the largest net amount since the program was launched. Banks’ interest in Targeted Longer-Term Refinancing Operations (TLTRO) — four-year loans at a rate that starts at zero and could go lower — increased as the economic recovery spurs calls for ...

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• 26 March

  Yes Bank to choose BofA, CLSA for $750mn share sale

  

    Bloomberg Yes Bank Ltd., the Indian lender that scrapped a $1 billion equity offering last year, has picked Bank of America Corp. and CLSA Ltd. to arrange another attempt at an institutional share sale, people with knowledge of the matter said. The lender, backed by billionaire Rana Kapoor, plans to seek as much as $750 million including a so-called ...

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• 26 March

  Credit Suisse boosts bonuses despite annual loss

    Bloomberg Credit Suisse Group AG increased its bonus pool 6 percent, defying a trend toward smaller payouts at many of its peers in an effort to prevent an exodus of talent from its investment banking and Asian operations. The bank awarded 3.09 billion francs ($3.1 billion) in incentive pay for 2016, according to its annual report, even as charges ...

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• 26 March

  Bulgarians vote for parliament, may expand Russian influence

  

    Bloomberg Bulgarians are voting in early parliamentary elections, with former Prime Minister Boyko Borissov’s Gerb party neck-and-neck with the Socialists in a contest that may strengthen Russia’s foothold in the region. In the third snap vote in five years, polls opened at 7 a.m and was to close at 8 p.m. While affirming their commitment to the European Union, ...

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• 26 March

  Corruption protests sweep Russia; Navalny arrested

    MOSCOW / AP Thousands of people crowded into Moscow’s Pushkin Square on Sunday for an unsanctioned protest against the Russian government, part of a wave of demonstrations taking place throughout the country. Alexei Navalny, the anti-corruption campaigner who is leading the opposition to President Vladimir Putin, was arrested while walking from a nearby subway station to the demonstration, according ...

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