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Bloomberg Citigroup Inc. faces a 133 million yen ($1.2 million) fine for allegedly manipulating prices in the Japanese government bond futures market, its latest regulatory setback in Asia. Japan’s securities watchdog said Citigroup placed orders in October for JGB futures contracts at the Osaka Exchange without intending to execute them, a practice known as spoofing. The Securities and Exchange Surveillance ...

Bloomberg UBS Group AG has named Patrick Tsang as head of telecommunications, media and technology investment banking for Asia Pacific, according to people with knowledge of the matter. Tsang, a Hong Kong-based managing director for the Swiss bank, is replacing Randy Gelber, who is leaving to pursue other opportunities, the people said, asking not to be identified because the matter ...

Bloomberg A Japanese lender has this year bought the lion’s share of top-rated bonds that are backed by pools of European corporate loans, propping up the region’s market for collateralised debt obligations amid a very difficult first quarter. Norinchukin Bank, starved of yields thanks to Japan’s negative interest rates, is expected to keep buying AAA-rated tranches in Europe until at ...

Bloomberg Airbus SE secured a $35 billion jet deal from China during a state visit by President Xi Jinping to the French capital, dealing a blow to Boeing Co as it grapples with the grounding of its best-selling jet. The mammoth order consists of 290 A320-series narrow-body planes and 10 A350 wide-bodies, Toulouse-based Airbus said after the transaction was announced ...

Bloomberg Cathay Pacific Airways Ltd agreed to buy Hong Kong’s only budget carrier to expand into the no-frills market, the South China Morning Post said, citing sources familiar with the matter. An announcement on the acquisition of Hong Kong Express Airways Ltd was expected to be made on Tuesday, the report said, adding that the sources didn’t elaborate on details ...

Bloomberg Ascena Retail Group Inc, the owner of Ann Taylor and Dressbarn, soared after announcing it will sell a majority interest in its Maurices Inc chain to a private equity firm. The shares jumped the most in three months on the news. An affiliate of OpCapita LLP will buy a stake in the women’s clothing retailer in a deal valued ...

Bloomberg The US Transportation Department is creating a special commission to review how newly designed aircraft are certified, spurred by criticism after two deadly crashes of Boeing Co’s 737 Max. The commission will evaluate how the Federal Aviation Administration (FAA) oversees the process of reviewing and approving new plane models, including the government’s growing use of aircraft manufacturers’ employees to ...

Bloomberg Rebecca Esparza works with homeless people and, having once lived in a shelter herself, knows what it’s like to navigate the US economy if you don’t have much money. For most of her clients, cash is king because they lack access to the financial tools many Americans take for granted—checking accounts, debit cards, payment apps. Esparza worries that the ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of Abu Dhabi Executive Council, has approved AED5.6 billion in support of the research and development (R&D) scheme as part of the Ghadan 21 programme. His Highness Sheikh Mohamed bin Zayed directed the ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), on Monday signed agreements awarding the exploration rights for Abu Dhabi Onshore Block 1 to a consortium of two Indian oil companies, Bharat Petroleum Corporation Limited and Indian Oil Corporation Limited. The award has been endorsed by Abu Dhabi’s Supreme Petroleum Council (SPC) and represents a further deepening of ...