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Bloomberg The Bank of Japan stayed the course with its monetary stimulus at Governor Haruhiko Kuroda’s final policy meeting before his new term begins next month. BOJ kept its yield-curve control settings and asset purchases unchanged, a result forecast by all economists surveyed by Bloomberg. And with inflation still far from the BOJ’s target, Kuroda made it clear that the ...

Bloomberg Central bankers around the world are grappling with the prospect of a global trade war sparked by US President Donald Trump’s plan to slap tariffs of 25 percent on steel imports and 10 percent on aluminum. Here are extracts of some of the recent comments by central bank officials: AUSTRALIA Reserve Bank of Australia Governor Philip Lowe, whose economy ...

Bloomberg All 15 Boeing Co. 787 Dreamliner jets operated by Virgin Atlantic Airways Ltd. are affected by faults with Rolls-Royce Holdings Plc engines that power the wide-body planes, according to the carrier. Grounding the Trent 1000 turbines for fixes has been “seriously disruptive,” forcing Virgin to find a number of workarounds, including calling on partner Delta Air Lines Inc. and ...

Bloomberg IndiGo, India’s biggest airline, plans to order as many as 50 Airbus SE A330 wide-body jets as it seeks to expand beyond short-haul flights, people with knowledge of the matter said. The carrier aims to take the upgraded A330neo version of the plane, according the people, who asked not to be named as the discussions aren’t public. The deal ...

Bloomberg American Airlines Group Inc. plans to retire 45 of its oldest Boeing Co. 737 jets over the next two years as part of an overhaul that will reduce the age of its workhorse narrow-body fleet. The Fort Worth, Texas, carrier plans to withdraw 12 of the aircraft next year and 33 in 2020, or about three a month. American’s ...

Bloomberg Toys “R” Us Inc. is making preparations for a liquidation of its bankrupt US operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter. While the situation is still fluid, a shutdown of the US division has become increasingly likely in recent days, said the ...

SHARJAH / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), has announced that the theme of this year’s Emirati Women’s Day 2018, which will take place on August 28, will be, “Women on the Course of Zayed.” ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced its intention to move further downstream, as the company pivots to take full advantage of the rising demand for higher value refined and petrochemical products, particularly in the growth economies of China and Asia. Speaking at CERAWeek, a leading gathering of the energy industry, Dr. Sultan ...

TOKYO / WAM The growth on non-oil trade between the UAE and Japan to AED53.5 billion, or $14.6 billion, is a tangible proof of the privileged relations established by the two nations across the past decades, according to Sultan bin Saeed Al Mansouri, Minister of Economy. The minister made the remarks during UAE-Japan Strategic Business Forum, in presence of Japan’s ...

FUJAIRAH / WAM Total oil product stocks in the Port of Fujairah were 16.712 million barrels, up 4.6 percent on the week, after heavy distillates rebounded from last week’s record lows, according to latest data from the Fujairah Energy Data Committee, or FEDCom. Stocks of heavy distillates and residues jumped 34.3 percent on the week to 6.5 million barrels. This ...