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Bloomberg Singapore’s sovereign wealth fund has expressed interest in buying General Electric Co.’s plane-leasing unit, said people with knowledge of the matter. At a meeting between GIC Pte. and GE officials in August, fund executives asked whether the Boston-based company would consider selling all or a part of GE Capital Aviation Services, said the people, who asked not to be ...

Bloomberg Markets can ignore Wall Street when they want to. They’ve largely disregarded warnings from equity strategists at some of the biggest banks. Goldman Sachs Group Inc. and JPMorgan Chase & Co. this week cautioned about the dire effect of a full-blown trade war — fears stoked by news that President Donald Trump had instructed aides to impose additional tariffs ...

Bloomberg Buying protection over fluctuations in the pound will remain a relatively costly exercise as Brexit headlines gather momentum and central banks slowly tighten policy. Uncertainty over the endgame of Brexit talks — key disagreements still need to be addressed — and risks that euroskeptic Conservatives may challenge UK Prime Minister Theresa May’s leadership may support gamma demand for sterling. ...

Bloomberg Chancellor Angela Merkel’s plan to phase out coal-fired power plants in Germany should stop short of “prematurely” closing brown coal facilities, or she risks the collapse of the nation’s mining industry as well as persistent blackouts, RWE AG said in a report. Shuttering coal plants may have a “domino” effect on mining, which is regulated by concessions that would ...

Bloomberg Oil headed for a weekly gain as threats to supply in Iran and Venezuela overshadowed risks to demand, while an uncertain outlook heightened volatility. Futures in New York are on course for a 1.7 percent advance this week amid signs that looming US sanctions are taking a toll on Iranian crude exports. Volatility headed for the biggest weekly increase ...

Bloomberg A British couple vacationing at the Red Sea resort of Hurghada last month died of illness triggered by E. coli bacteria, Egypt’s prosecutor said, citing a forensic report. John and Susan Cooper died on August 21 while staying at the Steigenberger Aqua Magic hotel. The couple had been booked at the hotel through tour operator Thomas Cook Group Plc, ...

Dubai / Emirates business Under the patronage of HE Prof Abdulrahman Obaid AI-Youbi, an agreement was signed between King Abudlaziz University and Zamil Offshore. The agreement was signed by the Dean of the Faculty of Maritime Studies Dr. Hattan Timraz and Mr. Mazen S Al Harbi Chief of Human Resources of Zamil Offshore. The cooperation agreement signed between the two ...

Bloomberg A big trading scandal was the last thing Nasdaq Inc.’s Nordic power market needed. Once the kingpin of European electricity trading, activity on the world’s oldest power market is languishing at its lowest level since 1999 after some of the biggest banks, hedge funds and industrial consumers deserted the market as tougher regulation made buying and selling too expensive ...

Bloomberg The embattled Philippine peso needs a break and it may soon get one. More than 10 million overseas Filipinos are preparing to send record amounts of money home for the Christmas and New Year holidays — a period when remittances pick up — with analysts from MUFG Bank Ltd. and Standard Chartered Plc saying those funds will help ease ...

Bloomberg Tidjane Thiam is looking forward to things getting back to normal. In an interview with Swiss newspaper NZZ am Sonntag, the chief executive officer of Credit Suisse Group AG said the bank is now targeting “business as usual” after years of restructuring. “Over the past three years we worked day and night to deal with our legacy from the ...