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Bloomberg The South African Reserve Bank can provide support for the economy even as it remains focused on inflation, Governor Lesetja Kganyago said. While inflation risks remain tilted to the upside, the central bank has to consider South Africa’s challenging economic environment in setting policy, Kganyago said in a printed copy of a speech delivered to investors in New York ...

Bloomberg Eager to show he can narrow the trade gap with China and create jobs at home, US President Donald Trump touted an order for 300 Boeing Co. planes. Yet the bulk of the deal announced in Beijing was old news. The order, with a list value of $37 billion before customary discounts, consists mostly of previous agreements, officials with ...

Bloomberg Vietnam Airlines Corp. will offer more shares to foreign investors, including possibly another airline, as it prepares a listing on the Ho Chi Minh City Stock Exchange next year and the government plans to cut its holdings to 51 percent. The carrier—which sold an 8.8 percent stake to ANA Holdings Inc. last year for $108 million—is discussing the sale ...

Bloomberg EasyJet Plc appointed the former deputy head of holiday giant TUI AG to become its next chief executive officer as Carolyn McCall prepares to take over at UK broadcaster ITV Plc. Johan Lundgren, a 51-year-old Swede, will assume the role on December 1, Luton, England-based EasyJet said. McCall will leave the board a day earlier, while assisting with the ...

Bloomberg Burberry Group Plc’s long-awaited strategy update from its new boss failed to convince investors, who sent the shares tumbling the most in five years on concern the trench-coat maker is sacrificing future earnings to sharpen the brand’s image. The shares fell as much as 14 percent after Chief Executive Officer Marco Gobbetti said the London-based company will add accessories ...

ABU DHABI / AGENCIES His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of France Emmanuel Macron, opened on Wednesday Louvre Abu Dhabi, the first museum ...

DUBAI / Emirates Business Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded a net profit of AED1.506 billion ($410 million) during first nine months (January to September) 2017, a growth of 6 percent over the net profit of AED1.422 billion ($387 million) during the same period in 2016. Total revenue for first nine months was ...

ABU DHABI / WAM National Central Cooling Company, Tabreed, released its nine months financial results ending on September 30. In a statement, Tabreed said, “Net profit increased by 8 percent to AED 290.4 million comparing to AED269.3 million for Q3 2016, group revenue increased by 9 percent to AED1049.1 million comparing to AED 960.3 million for Q3 2016, core chilled ...

DUBAI / WAM Empower, the world’s largest district cooling services provider, has settled its semi-annual loan instalment two months before its maturity on Dec 31. The pre-settled loan instalment amoun-ting to AED147 million forms part of Empower’s syndicated loan facility from a consortium of international and local banks and financial institutions. Ahmed bin Shafar, CEO of Empower, said, “Empower has ...

DUBAI / WAM Dubai Knowledge Park (DKP) and the Society for Human Resource Management (SHRM), the world’s largest HR professional society, unveiled the findings of an in-depth market survey titled, ‘Emerging HR Hubs – Regional Trends in Internationalisation and HR Mobility’, at the HR Summit and Expo 2017 in Dubai. Surveying HR professionals on their perception of the industry, the ...