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FRANKFURT / Reuters BlackRock, George Soros and big sovereign wealth funds are among investors expressing interest in buying stakes in the initial public offering of Deutsche Bank’s asset management arm, a person familiar with the matter said. The sovereign funds include Singapore’s Temasek, the person said. Deutsche Bank is finalising plans for the IPO of the asset management business, known ...

Bloomberg President Donald Trump’s trade policy has Thailand worried. Trade and geopolitics are the key risks for Southeast Asia’s second-largest economy, Bank of Thailand Senior Director Don Nakornthab said in an interview in Bangkok. Exports of goods and services account for about 70 percent of Thai gross domestic product. “Trade politics is the most important risk for our economy as ...

Bloomberg Few countries conjure up images of financial ruin like Iceland. Its economy was famously gutted in 2008 when its over-sized banks all collapsed within weeks of each other. A decade later, the island nation is still trying to crisis-proof its financial system. A key goal is to shield banking operations that are vital to the economy, such as deposit-taking, ...

Bloomberg Boeing Co. may need to rethink one of the most distinctive features of its proposed new mid-range jet—a small cargo hold—to win over customers in Asia, potentially the plane’s largest market. The manufacturer faces a “cargo conundrum,” for the jetliner dubbed the 797 by industry observers, said Domhnal Slattery, founder and chief executive officer of Avolon Holdings Ltd., the ...

Bloomberg Airbnb Inc. hired Greg Greeley, the head of Amazon.com Inc.’s Prime business, as president of its main home-rental unit. Greeley, who had been at Amazon for more than 18 years, helped the retail giant expand the Prime membership service internationally. He announced his resignation on LinkedIn. Airbnb said he will join the San Francisco-based company on March 18. At ...

Bloomberg Hawaiian Holdings Inc. handed Boeing Co. a victory by selecting 10 of the planemaker’s 787 Dreamliners and canceling a deal for a competing model from Airbus SE. The airline signed a non-binding letter of intent for the Boeing 787-9 jets in a deal valued at $2.82 billion at list prices, passing over Airbus’s A330. Hawaiian expects to use the ...

Bloomberg Debenhams Plc is in talks to rent out excess space in its flagship London department store to flexible-office provider WeWork Cos. as the UK’s retail crisis deepens, according to people with knowledge of the matter. The retailer is searching for companies willing to take over large chunks of space in its roughly 240 department stores, many of which are ...

Bloomberg Some of China’s biggest manufacturers that supply US multinationals from Walmart Inc. to Nike Inc. find themselves in President Donald Trump’s crosshairs as his administration discusses new import tariffs. The US is considering taxing imports from shoes and clothing to consumer electronics, putting on the hook companies including Yue Yuen Industrial Holdings Ltd. and Li & Fung Ltd. that ...

ABU DHABI / WAM The UAE Central Bank has announced that the money supply aggregate M1 increased 1.1%, from AED492.4 billion at the end of December 2017 to AED498 billion at the end of January 2018. In a statement, the bank said, “The money supply aggregate M2 increased by 0.1%, from AED1276.2 billion at the end of December 2017 to ...

Abu DHABI / Agencies Etisalat, the biggest telecommunications company in the United Arab Emirates, is seeking to buy back stock valued at as much as $2 billion. The shares climbed. The board of Emirates Telecommunications Group, also known as Etisalat, recommended purchasing up to five percent of the phone operator’s paid-up capital, or 434.8 million shares, the Abu Dhabi-based company ...