August, 2016

• 29 August

  Maj targets Andes nations with US$100mn micro finance fund

    Bloomberg Maj Invest, a Danish asset manager with $8 billion in assets, is looking to boost acquisitions in the micro finance industry in the Andean region. The Copenhagen-based asset manager is in the process of raising capital to grow the size of its Maj Invest Financial Inclusion Fund II to $100 million by June from $75 million now, according ...

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• 29 August

  Pimco at odds with Goldman on Yellen as September rate bets rise

  

    Bloomberg Federal Reserve Chair Janet Yellen’s speech on Friday was hawkish enough for Goldman Sachs Group Inc. to boost the odds of a September interest-rate increase, while Pacific Investment Management Co. said there was nothing of note in her remarks. Bond traders agree with Goldman Sachs, with the market-implied probability of action next month rising after Yellen said in ...

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• 29 August

  China’s big three airlines face $1.3bn losses

  

    Bloomberg China’s three biggest airlines are poised to report losses totaling 8.5 billion yuan ($1.3 billion) from currency swings this year as a weaker yuan proves a drag amid rising traffic and cheaper fuel. The silver lining: The losses are narrowing. Flagship carrier Air China Ltd. may face 3 billion yuan in foreign-exchange losses, while China Southern Airlines Co., ...

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• 29 August

  Doha airport brings in passenger tax

  

    AFP Qatar’s international airport said on Monday it is to charge passengers an exit tax as the energy-reliant emirate adjusts to falling oil prices. The 35-riyal ($10) levy is to be introduced this week, Hamad International Airport (HIA) said in a statement. The fee, to be added to airline ticket prices, will apply to tickets issued on or after ...

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• 29 August

  S African Airways seeks US$1.1bn funding

  

    Bloomberg South African Airways (SAA) is seeking 16 billion rand ($1.1 billion) in long-term funding that the unprofitable government-owned carrier said will be used for working and capital expenditure and to help manage outstanding debt. The airline will need to access the funding two weeks after the signing of loan documentation, SAA said in a request for proposals from ...

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• 29 August

  ANA finds damaged turbines in Dreamliners’ engines

  

    Bloomberg ANA Holdings Inc., which has cancelled more than a dozen Dreamliner flights since last week, found broken turbines on three 787 planes with Rolls-Royce Holdings Plc engines as part of its investigation into the motors of the Boeing Co. planes. The broken turbine parts damaged other sections in the engine when they snapped off, Maho Ito, a spokeswoman ...

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• 29 August

  BOC Aviation profit rises 24% in first earnings

  

    Bloomberg BOC Aviation Ltd., the aircraft leasing unit of Bank of China Ltd., reported a 24 percent increase in profit in the first half of the year as growth in travel boosts demand for planes. Net income in the six months through June rose to $212.2 million, compared with $171.5 million a year earlier, the company said in a ...

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• 29 August

  Japan’s first home-made jet back in hangar after aborted tests

  

    Bloomberg After two aborted test flights in as many days following a faulty air-conditioning system, Japan’s first locally built passenger jet was back for checks and fixes amid delays to a program aimed at challenging the dominance of Brazil’s Embraer SA and Canada’s Bombardier Inc. Mitsubishi Aircraft Corp., the builder of the Mitsubishi Regional Jet, will make a decision ...

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• 29 August

  US alarm as Turkey warns Syrian Kurd militia of more strikes

  

    Istanbul / AFP Turkey warned on Monday it would carry out more strikes on a Syrian Kurdish militia if it failed to retreat beyond the Euphrates River, as Washington condemned their weekend clashes as “unacceptable”. Turkish forces pressed on with a two-pronged operation inside Syria against the IS extremists and the Syrian Kurdish People’s Protection Units (YPG), shelling over ...

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• 29 August

  Teen cop attacker linked to IS charged in Germany

    Berlin / AFP German federal prosecutors said on Monday they had brought charges against a 16-year-old girl who allegedly stabbed a policeman in February in an operation for the IS extremist group. The German-Moroccan teenager, identified only as Safia S., was charged on August 12 with attempted murder, grievous bodily harm and support for a foreign terrorist organisation, the federal ...

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