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Bloomberg The biggest shareholder in Nordea Bank Abp is cutting its stake below 20% in a move the investor says is designed to ease its capital burden. Sampo Oyj, which is based in Helsinki, will distribute some of its holdings in Nordea as an extra dividend to shareholders. By going below 20%, Sampo will no longer be treated as a ...

Bloomberg The Swiss National Bank (SNB) stuck with ultra-loose monetary policy and a pledge to battle currency strength amid a deteriorating backdrop that’s tying its hands. The SNB’s dual tack of record-low interest rates and unwavering intervention threats have been at the heart of the President Thomas Jordan’s push in recent years to keep the franc in check. A downshift ...

Bloomberg Bank of England (BOE) policy makers will probably keep policy on hold despite warnings that interest rates will have to rise in the future. All but one of the 20 analysts surveyed by Bloomberg predict a unanimous vote to keep the benchmark at 0.75%. Political turmoil, a lack of clarity about Britain’s departure from the European Union, weaker-than-expected economic ...

Bloomberg US banks are hitting the ceiling on how much cash they can hand back to shareholders. After two years of surging payouts as regulators relaxed the reins on the biggest lenders, those firms are likely to boost dividends and buybacks by just 3% following this year’s stress test, according to analysts’ estimates compiled by Bloomberg. The Federal Reserve will ...

Bloomberg JetBlue Airways Corp. and Norwegian Air Shuttle ASA, regarded as likely buyers for Airbus SE’s proposed A321 XLR jetliner, urged Boeing Co. to go ahead with a rival model that they say will have capabilities the European plane can’t match. The discount carriers said in Paris that the anticipated launch of the extra long-range version of Airbus’s A321neo at ...

Bloomberg A closely watched researcher has cut its estimate of Amazon.com Inc.’s share of the US e-commerce market after incorporating new figures from the company. EMarketer Inc., among the most widely cited sources for estimates of US online retail sales, says it now expects Amazon to account for 37.7 percent of online commerce this year, down from a prior estimate ...

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 American Airlines Group Inc. persuaded a federal judge to temporarily block an alleged work slowdown by mechanics that the carrier says has become “devastating” to its operations. American sought the order three weeks after asking for a temporary injunction against the TWU-IAM Association, which represents more than 30,000 mechanics, baggage handlers and other airport ramp workers. A July 1 ...

Bloomberg The SpaceJet is not going to take you to the moon or Mars, but it can get you to a smaller city on earth without having to switch flights in Atlanta, Dubai or another big airport hub. The newly renamed regional jet by Mitsubishi Heavy Industries Ltd. is being showcased at the Paris Air Show next week, along with ...

DUBAI / Emirates Business The Holy Month of Ramadan has been eventful for the Dubai property market in 2019, both in terms of the volume and value of property transactions concluded. Property deals cumulatively worth AED5.6 billion ($1.5 billion) were transacted in Dubai solely during Ramadan this year, reveals analysis by the Research & Data team at Property Finder, the ...