January, 2017

• 7 January

  Credit Suisse may not sell stock in Swiss unit

  

    Bloomberg Credit Suisse Group AG may not need to sell stock in its Swiss unit to raise capital after the bank resolved a major legal issue, according to Harris Associates, one of its biggest investors. The bank announced in December that it would pay more than $5 billion to end a years-long US investigation into the role of its ...

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• 7 January

  Indonesia considers curbs on negative research by banks

  

    Bloomberg Indonesia’s government is considering curbs on negative research reports by foreign banks, building on its decision to punish JPMorgan Chase & Co. for issuing a bearish call on the country’s equity market. The finance ministry may ask top management at global banks which hold primary dealerships in Indonesian sovereign bonds to sign pledges to refrain from issuing research ...

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• 7 January

  China reserves hover above $3 trillion on govt support

  

    Bloomberg China’s foreign currency holdings remained above $3 trillion in December even as the yuan capped its steepest annual decline in more than two decades. Reserves fell $41.08 billion to $3.01 trillion, the People’s Bank of China (PBOC) said in a statement Saturday. That matched a $3.01 trillion estimate in a Bloomberg survey of economists. China may take measures ...

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• 7 January

  Troubled Nigerian loans seen spiking before economic rebound

  

    Bloomberg Access Bank Plc is predicting that the level of troubled loans in Nigeria will continue to climb before an economic recovery in the second half of the year brings relief to the country’s lenders. “Across the entire industry you’ll see an uptick in non-performing loan ratios,” Chief Executive Officer Herbert Wigwe said in an interview in Lagos, the ...

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• 7 January

  SpiceJet to buy 92 Boeing 737 jetliners worth $10.1 billion

  

    Bloomberg Indian budget airline SpiceJet Ltd. is poised to order at least 92 Boeing Co. 737 jetliners as the carrier plots rapid expansion in the world’s fastest growing aerospace market. The transaction, which would more than double SpiceJet’s 40-plane fleet, may be closed within weeks after lengthy talks that pitted Boeing against rival Airbus Group SE, people with direct ...

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• 7 January

  Ryanair, Norwegian topple European aviation’s old order

  

    Bloomberg Aggressive growth strategies at Europe’s leading discount carriers are poised to overthrow the region’s established airline order. Ryanair Holdings Plc, already Europe’s top low-cost operator, boosted its passenger tally 15 percent to 117 million in 2016, a figure that’s set to give it the biggest annual tally of any carrier in the region, ahead of Deutsche Lufthansa AG, ...

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• 7 January

  Mexican firms win $4bn airport contract

    MEXICO CITY / AP A consortium led by Mexico’s Carso infrastructure and construction company has won a $4 billion contract to build the main terminal building at Mexico City’s new airport. The $9.2-billion project will quadruple the current airport’s capacity to 120 million passengers per year. Mexican builder ICA Constructora de Infraestructura will join nine firms, some Spanish, in ...

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• 7 January

  SpaceX Jan 9 launch puts Iridium’s future up in the air

  

    Bloomberg Iridium Communications Inc. needs SpaceX to get it right this time. Elon Musk’s Space Exploration Technologies Corp. is set to launch 10 Iridium communications satellites from Vandenberg Air Force Base in California on Monday, marking the company’s first return to flight since a Falcon 9 rocket blew up on a Florida launch pad in September. The satellites are ...

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• 7 January

  A game to diagnose dementia!

  

    DPA A mobile game, of all things, is providing dementia researchers with huge amounts of data. Called Sea Hero Quest, it’s helping them understand how our brains navigate space and is being used to create a benchmark for early detection of dementia, one of the first symptoms of which is the loss of navigational skills. Participants in the project ...

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• 7 January

  ‘Good science can be done in African countries’

  

    DPA Derek Ndinteh may be sitting in a windowless tiny office at one of South Africa’s less-well-known universities writing out an application for research funding, but this brilliant 40-year-old from Cameroon is confident. “I will be the first black Nobel laureate in chemistry,” says the researcher at the University of Johannesburg – “UJ” to its students. The role of ...

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