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Bloomberg Standard Chartered Plc is working on a three-year plan to improve profitability as a share slump this year puts pressure on the emerging markets lender to boost returns. While operating expenses fell by 1 percent in the third quarter and were below estimates, its key measure of profitability is still lagging. The bank said on Wednesday that it will ...

Bloomberg UBS Group AG is weighing acquisitions and joint-ventures for its asset management business to help it compete with larger rivals, people with knowledge of the matter said. Targets may include UK and US asset managers focussed on retail clients and specialised asset managers in areas such as real estate, the people said, asking not to be identified because the ...

Bloomberg India sought to defuse growing tensions with its central bank following reports that the government had cited a never-used legal provision in trying to resolve disagreements with the monetary authority. The Finance Ministry said in a statement on Wednesday it respects the autonomy of the Reserve Bank of India. That was after news broke that government officials had written ...

Bloomberg Fears of a prolonged market downturn, slowing international sales, stepped-up competition in the US and flat-out confusion about how Amazon.com Inc. makes money are all reasons behind the company’s dizzying 25 percent drop in value from its September high. The world’s largest online retailer had been an investor darling, with shares more than doubling over the past two years ...

Bloomberg HNA Group Co. has been trying for months to offload passenger planes it ordered from Airbus SE, according to people familiar with the matter, as the indebted airline-turned-glo-bal acquirer wrestles with liquidity challenges. The Chinese group asked the leasing arms of Industrial & Commercial Bank of China Ltd. and China Minsheng Banking Corp., amo-ng others, to take over at ...

Bloomberg Deutsche Lufthansa AG is paying the price of chasing market share in its own backyard as the cost of integrating jets from collapsed rival Air Berlin Plc weighs on earnings. Lufthansa shares fell 9.5 percent, the biggest intraday drop in more than 2 years, after the German carrier’s latest results missed analyst estimates, forcing it to trim expansion plans ...

Bloomberg Once again, the world is transfixed with an undersea search to solve the mystery of why an airliner plunged into the ocean. With images of the years-long unsuccessful search for Malaysia Airlines Flight 370 still fresh, the Indonesian government has dispatched 34 boats and more than 800 military and civilian personnel in search of a Lion Air plane that ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, issued a Decree-Law No. (19) of 2018 on Foreign Direct Investment (FDI) which aims to promote and develop the country’s investment environment, and attract foreign direct investment in line with the national development policies. In accordance with Article II, the decree-law aims to consolidate the country’s position ...

DUBAI / WAM Dubai trade with South Korea grew eight percent from AED 25.3 billion in 2016 to AED 27.4 billion in 2017, standing at AED8.7 billion during first six months of 2018. The figures were revealed during a meeting between Ahmed Mahboob Musabih, Director of Dubai Customs, and a South Korean delegation led by the Consul-General in Dubai, Chun ...

DUBAI / WAM Emirates Islamic bank has delivered a strong set of financial results for the period ended on September 30. The bank’s net profit increased by 32 percent year-on-year reaching AED657 million, and total income (net of customers’ share of profit and distribution to sukuk holders) increased by two percent year-on-year to AED1.8 billion. Financing and investing receivables at ...