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Bloomberg Bank of Montreal (BMO) Chief Executive Officer Darryl White said last September that he’d like a third of his bank’s earnings to come from the US in three to five years. It was a matter of months before the goal was reached. Now he expects things to settle down a bit. “I wouldn’t have put a three-to-five-year target out ...

Bloomberg Paraguayan policymakers kept their benchmark interest rate at 4.75 percent, reiterating that its current level is the “most prudent” strategy amid slowing growth and tame inflation. In an interview a day before the monetary policy meeting, central bank chief Jose Cantero said that the key rate was at “neutral levels” taking into account the economy and consumer prices. The ...

Bloomberg The 5.8 billion-euro ($6.6 billion) offer of Czech billionaire Daniel Kretinsky and his Slovak investment partner Patrik Tkac for Metro AG “substantially undervalues” the German food distributor, the management board said. The unsolicited bid of 16 euros for each ordinary share and 13.80 euros per preference share also doesn’t reflect its value creation plan, the Dusseldorf-based company said in ...

Bloomberg Just two months after unveiling plans to begin US service to the UK, JetBlue Airways Corp moved to fly farther still, ordering 13 Airbus SE A321XLRs, the new, longest-range version of the popular narrow-body jet. The order builds on JetBlue’s April decision to enter the hyper-competitive trans-Atlantic market in 2021, with flights from Boston and New York to London. ...

Bloomberg Mexican airline Volaris has launched a programme called “Reuniting Families” that is offering to fly Central American immigrants in Mexico back to their countries of origin. For $1, plus applicable taxes, Volaris will fly immigrants in Tijuana, Ciudad Juarez, Guadalajara and Mexico City to Costa Rica, El Salvador or Guatemala. Immigrants need only show some form of ID and ...

Bloomberg TBH Global Co, the South Korean clothing retailer whose brands include Basic House, is considering a sale of its Chinese business that could raise about $200 million, according to people familiar with the matter. TBH Global shares jumped the most in more than 13 years. The company has held talks with potential advisers about the sale, said the people, ...

Bloomberg Walmart Inc will fully integrate all Jet.com employees into the larger company and shrink the unit’s management team nearly three years after buying the e-commerce site. The changes, outlined in a memo from Jet co-founder Marc Lore, include the departure of Jet president Simon Belsham, who will seek another opportunity inside or outside the company after a transition period ...

Bloomberg United Airlines has suspended its service between Newark and Mumbai, a route that regularly flies through Iranian airspace, after Iran shot down a US military drone and as tensions between the two countries continue to escalate. “Given current events in Iran, United has conducted a thorough safety and security review of our India service through Iranian airspace and decided ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the improvement of Dubai-Al Ain Road at a cost of AED2 billion. The upgrade project will enhance the road’s link with several highways, such as Sheikh Mohammed bin Zayed Road, Sheikh Zayed bin Hamdan Al ...

DUBAI / WAM The General Civil Aviation Authority (GCAA) called on registered air operators within the UAE to evaluate flight paths affected by recent airspace restrictions in the region. In a statement, the GCAA said that given current regional developments and as a precautionary measure, UAE-registered air operators need to avoid operating in areas that could jeopardise civil aviation safety ...