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BLOOMBERG European stocks fell, while German government bonds rose with gold and the yen after explosions rocked a Brussels airport departure hall and a downtown subway station. The Stoxx Europe 600 Index fell the most in a week as the attacks caused deaths and injuries and spurred fears of imminent follow-up attacks in the capital of the European Union. Travel ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.30% to close at 4498.17 points. Accordingly the Market Capitalization has gained AED 2.2 billion attaining AED 729.66 billion. A total of 0.76 Billion Shares were traded with a total value of AED 0.91 billion during the trading session of 22-03-2016 through 8596 transactions. The number of companies which ...

Dhaka / Bloomberg Bangladesh’s Central Bank has suggested the Federal Reserve Bank of New York had a “major lapse” in allowing hackers to transfer $101 million in transactions that it later flagged as suspicious, according to an internal document seen by Bloomberg. The document, dated March 13, sheds new light on Bangladesh Bank’s interpretation of a cyber heist in which ...

Bloomberg The European Central Bank (ECB) and the Bank of Japan (BOJ) are essentially trying to push down the values of their respective currencies with the use of negative interest rates, former Bank of England Governor Mervyn King said. “There are clearly limits” to the effectiveness of negative rates, King said in a interview in New York. “I think you ...

BLOOMBERG HSBC Holdings Plc is discovering the oil crash extends far beyond the deserts of the Gulf, the plains of west Texas and the shale fields of North Dakota. Even a small energy company in Dublin can inflict pain. The lender led a group of banks that extended up to $500 million three years ago to Petroceltic International Plc, helping ...

BLOOMBERG Citigroup Inc., the fourth-largest US bank, should consider breaking itself into smaller pieces because higher capital rules make it difficult to earn acceptable returns, analysts at Keefe, Bruyette & Woods said. A breakup could come in three steps: selling the international consumer businesses excluding Mexico; selling the Mexico franchise; splitting the remaining firm into a US consumer business and ...

MOBILE / AP A European aircraft maker Airbus conducted the inaugural test flight on its first US-made jetliner, calling the exercise a success after the plane flew for hours over the Gulf of Mexico. The A321 passenger jet took off and landed at Mobile Aeroplex at Brookley, site of the company’s new plant near downtown Mobile, Alabama. The three-hour flight ...

BEIJING / Bloomberg Haier Electronics Group Co.’s earnings grew last year at the slowest pace since 2008 as sales fell at the China-based maker of washing machines and water heaters, and it predicted industry growth will be restored this year despite a tough 2016. Net income rose 10 percent to 2.7 billion yuan ($416 million) in the year, in line with ...

Bloomberg Lining up Continental former Chief Executive Officer Gordon Bethune as part of a board slate for United Airlines is merely a ruse by two hedge funds to “smash and grab from United’s coffers,” according to the carrier’s pilot union. The funds enlisted Bethune “to play on employees’ good will and feelings of nostalgia,” leaders of United’s chapter of the ...

NEW YORK / AP Hiring top retail executives has long involved a game of musical chairs. But with consumer spending behaviour turned upside down in the era of web shopping, retailers need to look beyond the seasoned industry execs with the long resumes, says veteran executive recruiter Les Berglass. Since founding his firm in 1990, he has been placing top ...