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Bloomberg Troubled Chinese conglomerate HNA Group Co repaid a 1.3 billion yuan ($185 million) bond due on Tuesday, according to people familiar with the matter, avoiding what could have been its first default on a publicly issued note. HNA’s move is the latest of a series of developments that have helped calm frayed nerves in China’s debt markets in recent ...

Bloomberg Sri Lanka appointed Weligamage Don Lakshman as the new central bank governor, days before the monetary authority is due to review interest rates. Lakshman is a former adviser to the Mahinda Rajapaksa government and succeeds Indrajit Coomaraswamy, who stepped down earlier citing personal reasons. The announcement on Tuesday is among the top economic appointments by Gotabaya Rajapaksa, who won ...

Bloomberg Mexico’s central bank could take monetary policy action as soon as February if it sees that inflation as well as internal and external risks remain low, Governor Alejandro Diaz de Leon said in an interview. “We have to monitor if conditions in the economy continue having this favorable trend in terms of inflation and lower external and internal risks, ...

Bloomberg China last week commissioned its first home built aircraft carrier to project its military might. It’s now on a mission to create “aircraft carrier-sized” investment banks to take on Wall Street’s giants. As the nation prepares to fully open its $45 trillion financial industry to foreign competition next year, policy makers and regulators are pushing to beef up its ...

Bloomberg As Boeing Co. halts production of its beleaguered 737 Max, global rival Airbus SE is grappling with a very different problem: speeding output of its rival narrow-body. So-called “stretch” versions of the A320neo jet have sparked an order frenzy as airlines snap them up to replace costly twin-aisle planes on longer routes or cram in seats on shorter legs. ...

Dubai / Emirates Business Emirates, the world’s largest international airline, is set to showcase its latest flagship Airbus A380 to visitors and spectators on January 15 at the Kuwait Aviation Show 2020. Visitors to the show will be able to tour the popular double-decker’s signature interiors and experience its industry trendsetting products across all three classes, including Emirates’ latest generation ...

Bloomberg Boeing Co. has disclosed a new batch of internal messages related to the 737 Max program to federal regulators. The documents were turned over to the Federal Aviation Administration (FAA), the agency said in a statement. The disclosure came as Boeing ousted its chief executive officer. This was the second time that Boeing has delayed turning over to the ...

Bloomberg Beyond Meat Inc. is deepening its partnership with Hardee’s and Carl’s Jr., by offering more menu items and expanding to new locations. The chains, both owned by parent CKE Restaurants, will offer Beyond Meat products on their breakfast, lunch and dinner menus this month. Carl’s Jr., which already had the Beyond Burger, will now offer breakfast burritos and sandwiches ...

Bloomberg Motorola is delaying the launch of the foldable Razr smartphone in North America, saying demand for the $1,500 device has outstripped its supply predictions. The handset, announced in November, was supposed to become available for pre-order in December and begin shipping to customers in January. “Motorola has decided to adjust Razr’s presale and launch timing to better meet consumer ...

Abu Dhabi / WAM Choosing UAE-grown produce can help support sustainability and contribute towards solving food and water security, Madar Farms’ Head of Operations, Kyle Wagner, said during an event in Abu Dhabi. During a panel discussion at New York University Abu Dhabi (NYUAD), with Mariam Hareb Almheiri, Minister of State for Food Security, he urged the public to take ...