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Bloomberg With an initial Brexit deal out of the way, pound traders will be focussing on whether optimism over that lasts and shifts the Bank of England’s thinking this week. Even with an agreement to move Brexit talks on to trade and no expectations for the BOE to change interest rates, news on either front could drive the currency, according ...

Reuters Major Gulf stock markets rose on Sunday in line with strength in global bourses at the end of last week, with Saudi Arabia and Egypt leading. The Saudi index rose 0.8 percent points to 7,145, bouncing for a second straight day from technical support around 7,000 points in very heavy trade. Real estate firm Dar Al Arkan, the most ...

Bloomberg China’s banks should increase their capital buffers to pro- tect against any sudden economic downturn following a credit boom, the International Monetary Fund said. In its first comprehensive assessment of China’s financial system since 2011, the IMF recommended “a gradual and targeted increase in bank capital.” In a worst-case scenario, IMF stress tests suggested the country’s lenders would face ...

Bloomberg ICICI Securities Ltd., a unit of India’s largest private-sector lender by assets, has picked arrangers for an initial public offering that could value the company at more than 200 billion rupees ($3.1 billion), people familiar with the matter said. The brokerage arm of ICICI Bank Ltd. selected Bank of America Corp (BofA) and Citigroup Inc. to advise on the ...

Bloomberg The financial industries of Sweden and Denmark were quick to criticise the Basel Committee on Banking Supervision’s completed framework, arguing it will hit Scandinavian lenders too hard. “The Basel standards will, if they are fully implemented in the EU and Sweden, have large negative effects for Swedish banks, their clients and the Swedish economy,” Hans Lindberg, the head of ...

Bloomberg In just over half a year, Danske Bank A/S has attracted 11,500 clients to an investment service provided by a robot. Denmark’s biggest financial firm now hopes the project will help it expand its wealth management operations. The robot is called June. It targets retail clients and small businesses that normally wouldn’t have the resources to work out what ...

Bloomberg Royal Bank of Scotland Group Plc Chief Executive Officer Ross McEwan said the likelihood is waning that the lender will settle a US mortgage-bond probe before the end of the year as he’d hoped, though it’s well-capitalised to handle a settlement. “There are diminishing chances” the bank will settle with the US Department of Justice in 2017, “but this ...

Bloomberg United Continental Holdings Inc. is exploring a deal to invest in regional airline ExpressJet to boost its pipeline of pilots and expand service in the eastern and midwestern US, people familiar with the matter said. The Chicago-based carrier is looking at acquiring an ownership stake in ExpressJet among other options in negotiations that are still developing, said the people, ...

Bloomberg Delta Air Lines Inc. said it was resuming normal operations at its Atlanta hub, after a snowstorm forced it to cancel about 375 flights in and out of there earlier in the day. The cancellations came on top of more than 1,000 flights scrubbed on Friday because of the early-season snowstorm. The airline said winter weather in the south ...

Bloomberg Ryanair Holdings Plc has threatened to freeze benefits for pilots in Dublin and move aircraft to other Irish airports if staff go on strike. The discount carrier will scrap promotions, halt transfer requests and cut back recently-granted spending allowances of up to $18,900 per pilot, Chief People Officer Eddie Wilson wrote in a letter to staff. The company may ...