September, 2016

• 20 September

  World War II leak case is a win for Snowden

  

    The secrecy rules for grand juries contain no exceptions for cases with historical importance. In an important victory for historians, however, a divided appeals court is unsealing testimony from a 1942 leak investigation after the Battle of Midway. The decision, which was opposed by the Obama administration, sheds some light on the debate about whether the leaks by former ...

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• 20 September

  Equities drift higher ahead of central bank decisions

  

    AFP European and US markets drifted higher on Tuesday with dealers on tenterhooks on the first day of key monetary policy meetings for the US Federal Reserve and Bank of Japan. Around 1330 GMT, London’s benchmark FTSE 100 index was up 0.7 percent compared with the close on Monday. In the eurozone, Frankfurt’s DAX 30 won 0.7 percent and ...

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• 20 September

  Qatar gains after FTSE inclusion, Saudi near technical support level

    Reuters Qatar’s equity index climbed on Tuesday as passive funds flowed into shares now included in FTSE’s secondary emerging market index while other Gulf markets sagged. Doha’s index rose 1.0 percent, recouping some of the percent losses from the previous session. Passive funds will flow into 22 shares from Tuesday, and the stocks will continue to be bid up ...

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• 20 September

  Lufthansa, Air China sign route joint venture deal

  

    Bloomberg Deutsche Lufthansa AG and Air China Ltd. signed a cooperation agreement that will enable the Star Alliance members to take on competition from the rival Skyteam partnership on China-Europe routes and boost earnings. The flag carriers of Germany and China plan to increase coordination on flight schedules and expand code-sharing on China-Europe flights when the venture takes off ...

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• 20 September

  Airbnb lures France travellers while hotels lose on terror fears

  

    Bloomberg Airbnb Inc. gained market share in France, the world’s most visited tourist destination, despite a string of terrorist attacks that depressed bookings at traditional hotels. The San Francisco-based company’s apartment-sharing website drew 3.6 million travelers to France in June, July and August, 86 percent more than in the same period a year ago, it said in a statement ...

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• 20 September

  Fastjet drops Airbus jets for Embraer

  

    Bloomberg Africa-focused discount airline Fastjet Plc will switch to a fleet of Embraer SA regional jets from larger Airbus Group SE planes as new Chief Executive Officer Nico Bezuidenhout seeks to stem losses by better matching capacity to demand. The fledgling carrier also plans to move its headquarters to Johannesburg from London to pare expenses and bring the company ...

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• 20 September

  JetBlue to burn renewable biofuel mix on NY flights

  

    Bloomberg JetBlue Airways Corp. will burn a mixture of biofuel and traditional jet kerosene on some flights at New York City-area airports under a 10-year purchase agreement designed to cut aircraft pollution and costs. The airline will purchase more than 33 million gallons of blended fuel annually under the contract with S.G. Preston Co., a bioenergy company based in ...

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• 20 September

  Airbus chief says job cuts not off table

    Blagnac / AFP Airbus chief Tom Enders said he did not rule out job cuts at the European aircraft manufacturer after a media report said the group was considering slashing costs. “You never exclude anything when you’re talking about efficiency and synergy but we’re in the process of thinking it all through, how we can make our corporate structures ...

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• 20 September

  Amazon is now eating all the department stores, too: Report

  

    Bloomberg Amazon is already the biggest clothing seller online. It might soon overtake most of its brick-and-mortar rivals in fashion sales, as well. There were no runway models on any Amazon catwalk at last week’s New York Fashion Week. But the e-commerce giant still loomed large in the minds of retail executives watching it elbow its way into the ...

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• 20 September

  CLSA: China risks $375bn of shadow banking losses

  

    Bloomberg China’s shadow banking could lead to losses of $375 billion, according to CLSA Ltd. estimates of likely levels of bad debt. The brokerage estimated the potential bad debt ratio for “bank-related shadow financing” at 16.4 percent, or 4.2 trillion yuan, in a report released to the media in Hong Kong on Tuesday. Assuming a 40 percent recovery rate ...

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