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Bloomberg Asia-Pacific airlines will need to add the greatest number of pilots, technicians and cabin crew over the next two decades as economic growth spurs travel demand. The region will require 240,000 more commercial-aircraft pilots, 242,000 technicians and 317,000 cabin crew from 2018 to 2037, making up more than one-third of the global total, according to a forecast by Boeing …

Bloomberg China’s top three airlines are poised to show this week that they’ve been hard hit by a jump in crude prices and the yuan’s depreciation. Combined net income at Air China Ltd., China Eastern Airlines Corp. and China Southern Airlines Co. probably fell more than 50 percent to 4.95 billion yuan ($727 million) in the first half of 2018, …

Bloomberg A rebuff from the regulator may set Asia’s richest banker Uday Kotak on a $17 billion acquisition trail, as he seeks to meet a year-end deadline to reduce his stake in Kotak Mahindra Bank Ltd. below 20 percent. Buying another financial firm may be the most palatable way for Kotak to pare his holding, following the Reserve Bank of …

Bloomberg Bank of Nova Scotia’s purchase of Jarislowsky Fraser is already paying off. The acquisition of the Montreal-based money manager, along with improved margins and lower provisions, contributed to record Canadian banking profit in the fiscal third quarter, Scotiabank said. Earnings from domestic banking rose 8 percent to C$1.13 billion ($880 million) from a year earlier. The C$950 million purchase …

Bloomberg Singapore’s dollar is approaching the upper boundary of its trading band as speculation mounts that the central bank will boost the exchange rate for a second time this year to combat inflation. The currency reached a record high against a basket of major trading partners’ currencies, based on HSBC Holdings Plc’s model of the Monetary Authority of Singapore’s managed …

Bloomberg Deutsche Bank AG’s Japan chief Makoto Kuwahara will leave the German lender after five years in charge of operations in the country, to join Credit Suisse Group AG. Kuwahara, who is also president of local unit Deutsche Securities Inc., is departing to pursue other interests, Deutsche Bank said in a statement. He will be replaced by Tamio Honma, head …

Bloomberg Bank of Montreal (BMO) set a profit record for its US business, thanks in part to Donald Trump’s tax cuts and lower provisions for bad loans. The lender earned $281 million from its US personal-and-commercial division in the fiscal third quarter, helped by rising revenue, and tax reform gains. Earnings for the US business, which includes Chicago-based BMO Harris …

DUBAI / WAM Emirates has announced that it will boost its services to Riyadh with the addition of a fourth daily flight to the Saudi capital from September 1. The addition of the fourth daily service will take the total number of weekly Emirates flights serving Riyadh to 28. Adil Al Ghaith, Senior Vice President Commercial Operations, Gulf, Middle East …

Bloomberg Donald Trump has signed off on a bilateral agreement with Mexico to revamp the North American Free Trade Agreement, according to three people familiar with the matter. “A big deal looking good with Mexico!” Trump tweeted earlier on Monday. There is no deal reached yet with Canada, the people said, which has been on the sidelines of the talks …

Bloomberg Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part of Aramco’s preparation for a potential initial public offering, a person familiar with the matter said. The pact replaces norms dating in some cases from 1933, when the kingdom first agreed to let companies drill for oil there, the person …