August, 2016

• 27 August

  Rolls-Royce engine corrosion spurs ANA to check Dreamliners

  

    Bloomberg ANA Holdings Inc. is canceling flights as the world’s biggest operator of Boeing Co.’s 787 Dreamliner checks for corrosion in the jet’s Rolls-Royce Holdings Plc engines. The Japanese airline canceled nine flights scheduled for its 50-jet Dreamliner fleet for Friday and may scrub more than 300 trips through the end of September as it deals with cracking in ...

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• 27 August

  Target seeks rival supplier after Welspun sheets scandal

  

    Bloomberg Target Corp. is considering shifting some orders to Trident Ltd. after it terminated $90 million of business with rival supplier Welspun India Ltd. for labeling cheaper bedsheets as premium Egyptian cotton, according to people familiar with the discussions. The US retail giant has begun sampling sheets manufactured by Trident, according to the people, who asked not to be ...

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• 27 August

  Airlines bring back free snacks, streaming services

  

    Bloomberg After decades of red ink, US airlines have gotten their financial houses in significantly better order. And while this new wherewithal certainly won’t mean more legroom or free checked bags, some carriers are exploring inexpensive ways to make flying economy class a smidge less arduous. Free meals are returning on some long domestic flights, and gratis snacks are ...

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• 27 August

  More houses in Japan may actually drag down inflation

  

    Bloomberg Rising housing investment is a sign that the Bank of Japan’s negative-rate policy is working, according to Bank of Japan (BOJ) Governor Haruhiko Kuroda. But it also has a lot to do with tax changes, and ironically, the increasing supply of new homes might drag down Japan’s inflation rate, the opposite of what Kuroda wants. Speaking in June, ...

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• 27 August

  China’s cities to plan curbs to tame property boom

  

    Bloomberg China’s biggest cities aren’t done trying to tame their soaring property markets. Shanghai, where prices of new homes jumped 27 percent in July, is preparing to discuss a fresh round of curbs including potential restrictions on mortgages and loans to developers, according to people familiar with the matter. Beijing and Tianjin are also contemplating new measures to rein ...

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• 27 August

  Blackstone to buy Alecta’s US properties for $1.8bn

  

    Bloomberg Blackstone Group LP is in a $1.8 billion deal to buy the US real estate assets of Alecta, the Swedish pension manager that is seeking to exit investments that don’t fit with its strategy, according to a person with knowledge of the transaction. The purchase mainly consists of retail and office properties, said the person, who asked not ...

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• 27 August

  US$7.5mn Berkeley mansion hits the market again

  

    Bloomberg After sitting vacant for more than a decade, a 12,000-square-foot mansion on three acres in Berkeley, Calif., is again coming on the market. Asking price: $7.5 million. John Park, the founder of Fortiss, a company that runs casinos and card clubs, purchased the property in 2005 for what he says was about $6.3 million. He’d lived nearby, and ...

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• 27 August

  MoF hosts ‘Woman and Innovation’ forum

  

    Abu Dhabi / WAM In line with national celebrations of Emirati Women’s Day, the Ministry of Finance (MoF) organised a forum titled “Woman and Innovation”, at its premises in Dubai. The forum aimed to highlight the country and the Ministry’s efforts to promote women’s empowerment across different fields. This commitment has led to the launch of a number of projects, ...

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• 27 August

  UAE women proud of wise leadership, says Lubna Al Qasimi

  

    Abu Dhabi / WAM The UAE women are proud of , and grateful to the wise leadership of the UAE for the unlimited support that led to their advancement, Sheikha Lubna bint Khalid Al Qasimi, Minister of State for Tolerance has said. In a statement to mark the Emirati Women’s Day, Sheikha Lubna paid tribute to President His Highness Sheikh ...

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• 27 August

  ‘Emirati women are in their prime’

    Sharjah / WAM Hana Saif Al Suwaidi, Chairperson of the Environment and Protected Areas Authority in Sharjah, said Emirati women are in their prime and are consistently empowered and encouraged to live their dreams by President His Highness Sheikh Khalifa bin Zayed Al Nahyan and Their Highnesses the Rulers of the UAE, and have been so since the days of ...

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