December, 2016

• 1 December

  Gulf markets firm as OPEC deal lifts state revenue prospects

  

    DUBAI / Reuters Petrochemicals companies led Gulf stock markets higher on Thursday in response to OPEC’s first agreement on output cuts to prop up oil prices since 2008 — a deal that could allow governments to ease austerity policies slightly. Expectations for the deal had already boosted oil and Gulf bourses on Wednesday, but the agreement included bigger production ...

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• 1 December

  Dow reaches record as rising oil pulls stocks mostly higher

  

    NEW YORK / AP More gains in Goldman Sachs and Chevron helped pull the Dow Jones industrial average to another record high even as other indexes were flat to lower in early trading on Thursday. Ford and General Motors are rising after they announced strong sales in November. Technology companies and companies that pay big dividends are trading lower. ...

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• 1 December

  United may amend $12.4 billion Airbus deal to take smaller jets

  

    Bloomberg United Continental Holdings Inc. may convert a $12.4 billion order for Airbus Group SE’s largest twin-engine jet to smaller long-range models. It’s also interested in a new Boeing Co. 737 Max that’s still on the drawing board. Those are among the multibillion-dollar changes under consideration as a new management team reviews the Chicago-based carrier’s order portfolio and revamps ...

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• 1 December

  Lufthansa offers humility, higher pay to pacify pilot conflict

  

    Bloomberg Deutsche Lufthansa AG sought to defuse an escalating pilots strike by offering an improved wage deal as well as a show of humility. The German airline proposed a 4.4 percent raise plus a bonus that will exceed 20,000 euros ($21,200) per pilot on average, dropping a demand for employee concessions on benefits. In a move away from more ...

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• 1 December

  Fastjet to move headquarters to S Africa

  

    Bloomberg Fastjet Plc is considering expanding in South Africa as new Chief Executive Officer Nico Bezuidenhout evaluates growth opportunities for the unprofitable discount airline and says the continent’s most industrialized economy is too big to stay out of. While the Africa-focused carrier already connects Johannesburg with its hubs in Tanzania and Zimbabwe, it has no internal services in South ...

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• 1 December

  Coca-Cola opens first factory in Gaza Strip

  

    Gaza City / AFP Coca-Cola formally has opened its first factory in the Gaza Strip, the company announced, in a move that could create hundreds of jobs in the beleaguered Palestinian enclave. The bottling facility had been partially open for several months but began full operations after a ceremony Wednesday. The $20-million (19-million euro) investment is the company’s first ...

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• 1 December

  Chinese pilot suspended for urging passengers to protest delay

    Beijing / AFP A Chinese pilot has been suspended, his airline said, after social media footage showed he told passengers to deplane and protest against a flight delay, the latest outburst over the country’s notorious air transport services. The flight, operated by Lucky Air, was scheduled to leave the tourist destination of Xishuangbanna for the southern city of Kunming ...

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• 1 December

  Credit Suisse freezes dozens of accounts in US asset search

  

    Bloomberg Credit Suisse Group AG has frozen dozens of accounts as it tries to determine if U.S. clients are hiding money from the Internal Revenue Service (IRS) after the firm pledged to come clean about secret assets, according to a person familiar with the matter. The bank is looking at indicators such as phone numbers or powers of attorney ...

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• 1 December

  BOE to make new banknotes ‘meat-free’

  

    Bloomberg The Bank of England (BOE) is searching for a potential solution to the use of animal fat in its new polymer banknote after days of controversy. Innovia, the printer of the five-pound bill, “is now working intensively with its supply chain and will keep the bank informed on progress towards potential solutions,” the central bank said in a ...

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• 1 December

  Global bank regulators stick to their guns in rebuff to EU

  

    Bloomberg Global banking regulators are standing by a key reform of capital rules in defiance of opposition from Europe, potentially complicating efforts to complete work on the post-crisis framework by the end of the year. Basel Committee on Banking Supervision Chairman Stefan Ingves said “good progress” was made during talks in Santiago, Chile, this week and the “contours” of ...

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