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Bloomberg ING Groep NV reduced its bonus pool by 25 percent after a year marred by a record money-laundering settlement and public discontent in the Netherlands over banker pay. The country’s largest lender paid out 303 million euros ($340 million) in bonuses for 2018, down from 403 million euros the year before, according to its latest annual report. ING said ...

Bloomberg Mario Draghi’s latest and potentially last salvo to boost the euro-area economy risks not being enough. The European Central Bank president, who will leave office in October after spending his entire eight-year tenure crisis-fighting, announced a new round of long-term loans to banks and promised interest rates won’t be lifted from record lows until 2020. The fresh effort to ...

Bloomberg Mitsubishi UFJ Financial Group Inc. (MUFG) has been on an expansion kick in the debt market. But its first attempt as a sole underwriter on a dollar high-yield bond sale didn’t go so well. The bank’s securities unit bought $500 million of bonds directly from oil and gas exploration firm CNX Resources Corp., with plans to parcel them off ...

Bloomberg Goldman Sachs Group Inc. is cutting 10 staff in its commodities division as the bank reviews the footprint of the once-dominant unit, according to a person familiar with the matter. It is cutting seven trading jobs and three sales jobs in Singapore, London and Houston, representing about 5 percent of the unit’s staff, the person said, asking not to ...

Bloomberg Boeing Co. Chief Executive Officer Dennis Muilenburg faces his biggest crisis yet following the second deadly crash of a 737 Max jetliner, prompting some airlines to ground the best-selling plane and sending the shares on track for their biggest loss since just after the 9/11 attacks. China ordered its carriers to ground all 96 of Boeing’s newest 737 model, ...

Bloomberg Amazon.com Inc. — has abruptly stopped buying products from many of its wholesalers, sowing panic. The company is encouraging vendors to instead sell directly to consumers on its marketplace. The retailer makes more money that way by offloading the cost of purchasing, storing and shipping products. Meanwhile, Amazon can charge suppliers for these services and take a commission on ...

Bloomberg Thai Airways International Pcl, the nation’s flagship carrier, plans to buy as many as 38 new aircraft to help reduce maintenance costs after losses widened more than fivefold last year amid fierce competition and unpredictable fuel prices. The new aircraft, which are more fuel-efficient, would help trim operating costs and attract customers, President Sumeth Damrongchaitham told reporters in Bangkok. ...

Bloomberg Two months into 2019, Airbus SE has logged cancellations for 103 jetliners and garnered a grand total of four new sales — and those orders were for the A220 plane manufactured in Canada by Bomb- ardier Inc. The deal for the A220s — formerly the Bombardier C Series — with Pacific Ocean carrier Air Vanuatu represented Airbus’s only new ...

Bloomberg Environmental activists recoil for a reason when the super-rich fly private jets to forums that preach carbon neutrality. Airplane pollution levels really are going through the stratosphere and nobody seems to have a viable plan to rein them in. While energy generation and agriculture currently dwarf aviation’s 1.3 percent share of all human-caused greenhouse gases, emissions from air travel ...

DUBAI / WAM Dubai’s external non-oil trade in 2018 reached AED1.3 trillion despite challenges facing global trade growth resulting from trade tensions between major economic powers and a global growth slowdown that has led to currency rate volatility in developing countries. The latest trade figures show that Dubai is moving forward steadily as a leading international and regional trade hub ...