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Bloomberg The Bank of Japan said the financial system remains stable and growth in bank lending continues to support the economy, signalling it’s comfortable that lenders are coping with its record monetary easing program for now. Banks “have maintained their active lending attitudes,” the central bank said in its semiannual financial system report on Monday. “The financial cycle has shown ...

Bloomberg Goldman Sachs Group Inc. has been brawling with regulators over the Volcker Rule for years. And it’s still fighting even though officials appointed by President Donald Trump are now working to soften the landmark constraint on banks. Goldman said a revamp that regulators proposed earlier this year falls far short of what’s needed to ease undue burdens on Wall ...

Bloomberg Sweden’s central bank said it wants all banks, and not just the biggest financial institutions, to be obliged to handle cash, as lawmakers seek ways to limit the nation’s rapid development into a cashless society. Commenting on a proposal by the parliament committee reviewing the central bank laws to force the biggest banks to handle cash, Riksbank Governor Stefan ...

Bloomberg Boeing Co is creating a new unit to focus on technology that’s seemingly straight out of science fiction, including super-fast computing that mimics the synapses of the human brain and hack-proof communications links based on applied quantum physics. So-called neuromorphic processing and quantum communications, two of the futuristic technologies Boeing wants to explore, may seem an odd fit for ...

Bloomberg Airbus SE is preparing for another round of management shakeup, according to people familiar with the matter, after overhauling most of its senior executive lineup. The European planemaker is considering changes in key sales positions that report to new commercial chief Christian Scherer — including several occupied by veterans who worked under longtime sales chief John Leahy, said the ...

Bloomberg Ryanair Holdings Plc is putting plans for future share buybacks on hold due to uncertainty surrounding the UK’s proposed exit from the European Union. Europe’s biggest discount carrier completed a 750 million-euro ($863 million) program this month, but doubts over how a so-called Brexit will play out have forced to hold back on further announcements. “It makes very little ...

Bloomberg Korean Air Lines Co. is considering a “large order” for widebody aircraft as part of a fleet expansion and to replace aging jets with fuel-efficient ones amid rising oil prices. The Seoul-based airline is evaluating twin-aisle airplanes from Airbus SE and Boeing Co., including the A350 and the 777X, President Walter Cho said in a media briefing at an ...

Bloomberg Stores are so 20th century. At least that’s what many online brands believed. Companies like Warby Parker, Bonobos and Casper didn’t need physical locations to win over millennials and steal market share; a well-designed website was more than enough. And who could fault their logic? Given the brick-and-mortar carnage across America, the evidence seemed overwhelming. Then a funny thing ...

ABU DHABI / WAM The Gross Domestic Product of the Emirate of Abu Dhabi surged 12 percent to as much as AED456 billion in current prices from AED407 billion in 2017, according to official figures released recently by the Abu Dhabi Statistics Centre — Abu Dhabi (SCAD). The growth reflects the economic recovery witnessed by the domestic economy on the ...

DUBAI / Emirates Business Mashreq, one of the leading financial institutions in the UAE, reported its financial results for the first nine months ending September 30, 2018. The net profit of the lender for the first nine months stood at AED1.7 billion, a 5% increase YoY, while its operating income rose by 3.6% and reached AED4.6 billion. Mashreq’s best- in-class ...