December, 2016

• 18 December

  Gulf, Egypt inch up as trading volume shrinks

  

    Reuters Stock markets in the Gulf posted small gains on Sunday after crude oil prices climbed back towards 17-month highs at the end of last week, but trading volumes shrank across the region. Foreign buyers continued to bid up shares in Egypt. Brent futures rose 2.2 percent to settle at $55.21 a barrel on Friday after Goldman Sachs boosted ...

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• 18 December

  Monte Paschi to start share sale in effort to avert state rescue

  

    Bloomberg Banca Monte dei Paschi di Siena SpA will begin taking orders for shares on Monday as it aims to complete raising 5 billion euros ($5.2 billion) by the end of the year to avoid a rescue by the Italian government. Monte Paschi will sell stock to institutional investors through Thursday, while the offer for retail investors will end ...

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• 18 December

  Bombardier to close window on C Series jet discounts

  

    Bloomberg Bombardier Inc. gained sales momentum for its flagship C Series jetliner this year with major orders from Air Canada and Delta Air Lines. Now it’s looking to get away from the pricing discounts that fuelled the aircraft’s rebound. The plane maker expects to book new sales in the coming months after racking up 360 firm orders and more ...

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• 18 December

  Qatar Airways to swap Airbus A320neos for A321neos

  

    DOHA / Reuters Qatar Airways is in talks with Airbus to convert its order for up to 80 A320neos to the larger A321neo, its chief executive said. The airline has refused to accept four A320neos so far this year over performance issues with the aircraft’s engines, a spokeswoman said. “We are in negotiations with Airbus about how we can ...

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• 18 December

  Heathrow to pay runway opponents £1,000

  

    Bloomberg Heathrow Airport Ltd. will offer hundreds of homeowners a £1,000 ($1,250) festive sweetener to participate in environmental studies vital to expediting planning for its controversial 16 billion-pound third runway. The owners of houses and farmland on which the new landing strip is due to be built will qualify for the payment in return for agreeing to a handful ...

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• 18 December

  British Airways cabin crew to strike over pay

  

    Bloomberg British Airways flight attendants voted to take industrial action over the Christmas and New Year travel season, threatening what would be the carrier’s first major walkout in six years. More than 2,500 of BA’s 16,000 cabin crew will strike some time after Dec. 21 if a raise better than the 2 percent currently on offer isn’t forthcoming, the ...

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• 18 December

  Pilots flying Amazon planes say company might not deliver

  

    Bloomberg Union pilots who fly products for Amazon.com Inc. are taking concerns about pay, working conditions and staffing shortages directly to online shoppers with a digital marketing blitz that suggests the internet retailer may struggle to deliver holiday gifts on time. The union is running advertisements on Facebook and Google, targeting Amazon customers. If clicked on, the ads send ...

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• 18 December

  Deutsche Bank to pay $37mn for fraudulent order routing practices

  

    Bloomberg Deutsche Bank AG agreed to pay $37 million and admit to misleading customers about its dark pool stock-trading platforms to settle a joint state and federal probe, bringing the bank a step closer to resolving several potentially costly legal challenges in the US. The bank will admit to violating state and federal securities laws over a two-year period ...

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• 18 December

  Don’t politicise monetary policy, says Bundesbank chief

  

    Frankfurt am Main / AFP The European Central Bank must stick to its price stability mandate and not be swayed by politics, Germany’s top central banker said, warning against extending loose monetary policy for too long. “The impression must not be allowed to arise that central banks will step into the breach for politicians or that monetary policy is ...

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• 18 December

  Oman central bank not to follow Fed’s rate decision

    MUSCAT / Reuters Oman’s central bank won’t automatically imitate last week’s interest rate hike by the US Federal Reserve, central bank executive president Hamood Sangour Al Zadjali said on Sunday. Oman is the only member of the six-nation Gulf Cooperation Council not to announce an official interest rate rise in the wake of the Fed’s 0.25 percentage point increase. ...

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