December, 2016

• 8 December

  Vietnam Airlines to lease 20 A321neo planes

  

    Bloomberg Vietnam Airlines Corp. plans to lease 20 A321neo aircraft to add domestic as well as regional flights after carrying a record number of passengers in one of the world’s fastest-growing aviation markets. The Airbus planes, to be delivered starting 2018, will be used for flights within a five-hour radius, including the popular Hanoi-Ho Chi Minh City route, Chief ...

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• 8 December

  Delta tests free coach meals on US routes

    Bloomberg Delta Air Lines Inc. passengers flying coach between New York City and California may get a treat rarely seen on U.S. flights since 2010: free meals. The airline is testing the complimentary food on flights between New York’s John F. Kennedy International Airport and Los Angeles and San Francisco, which are some of the industry’s most competitive and ...

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• 8 December

  Bombardier seeks new C series deal to retain momentum

  

    Bloomberg Bombardier Inc. anticipates another major order for the C Series jet next year following project-bolstering deals from Delta Air Lines Inc. and Air Canada in 2016, and may announce a smaller contract this month. The Canadian planemaker is pursuing prospects including some high-volume opportunities and would like to gain a foothold in the low-cost airline segment next year, ...

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• 8 December

  UniCredit lifts capital level with $2.6bn Pekao unit sale

  

    Bloomberg UniCredit SpA advanced its plan to boost capital, agreeing to sell 32.8 percent of Poland’s Bank Pekao SA to Insurer PZU SA and a Polish development fund for 10.6 billion zloty ($2.6 billion). The sale will lift UniCredit’s CET1 capital ratio 55 basis points above its Sept. 30 level, the Italian bank said in a statement on Thursday. ...

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• 8 December

  BofA ups referral quota for Merrill Lynch wealth advisers

  

    Bloomberg Bank of America Corp. doubled the number of internal referrals that advisers in its Merrill Lynch wealth-management unit must make to avoid having their compensation cut. The brokers must refer at least two clients annually for banking services in other parts of the company starting in 2017, up from one, said Susan McCabe, a spokeswoman for the Charlotte, ...

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• 8 December

  World’s oldest bank asks ECB for extension

    Rome / AFP The world’s oldest bank, Italy’s Monte dei Paschi di Siena (BMPS), asked the European Central Bank for more time to raise the cash it needs to avoid being wound down. BMPS said it was asking for the extension from the end of December to mid January because the political instability created by Prime Minister Matteo Renzi’s ...

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• 8 December

  PrivateBancorp halts vote on CIBC bid

  

    Bloomberg PrivateBancorp Inc. postponed a shareholder vote on a takeover by Canadian Imperial Bank of Commerce (CIBC) after proxy-advisory firms and some investors called the $3.96 billion cash-and-stock offer insufficient following a post-election rally of U.S. regional lenders. “In view of the significant changes to trading market conditions over the past few weeks, we believe it is in the best ...

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• 8 December

  Al Baraka eyes $300mn Tier 1 sukuk issue

    MANAMA / Reuters Al Baraka Banking Group is targeting the sale of capital-boosting sukuk worth $300 million in the first quarter of 2017, the chief executive of the Bahrain-based Islamic lender, with operations in over a dozen countries, said on Tuesday. “You’ll see issuance of sukuk in the first quarter of 2017 around $300 million, and we are talking ...

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• 8 December

  HSBC unfazed as best emerging bonds hit by India rate shock

  

    Bloomberg Indian sovereign bonds will recover from their biggest loss in more than three years as benign cash conditions in the banking system spur demand for debt and policy makers return to cutting interest rates in early 2017, according to HSBC Holdings Plc. The benchmark 10-year yield jumped 21 basis points to 6.41% on Wednesday, the biggest increase since ...

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• 8 December

  Samsung to create all-screen front for Galaxy S8 phones

  

    Bloomberg Samsung Electronics Co. will create an all-screen front for the Galaxy S8 smartphones coming out next year and scrap the physical home button, people with direct knowledge of the matter said. The bezel-less displays will provide more viewing real estate while a virtual home button will be buried in the glass in the lower section, the people said, ...

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