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Bloomberg Royal Bank of Scotland Group Plc signalled it’s in a better position to handle its remaining legacy issues after posting stronger than expected capital ratios in the third quarter. The shares rose. The Edinburgh-based lender’s common equity Tier 1, a measure of financial resilience, jumped to 15.5 percent in the period from 14.8 percent at the end of June, ...

Bloomberg Firms such as Blackstone Group LP, Apollo Global Management LLC and Fortress Investment Group LLC are often slapped with the vaguely sinister label, shadow bank, because they provide financing but aren’t regulated like traditional lenders. President Donald Trump’s Treasury Department now says that’s downright unfair and wants global regulators to stop using the term when describing investment giants. “The ...

Bloomberg EasyJet Plc will take over leases for as many as 25 of Air Berlin Plc’s planes and gain access to a second airport in the city as the former No. 2 German airline is liquidated. EasyJet will pay 40 million euros ($46 million) for the Airbus SE A320 aircraft leases and takeoff and landing slots at Berlin Tegel Airport, ...

Bloomberg British Airways owner IAG SA struggled to raise ticket prices at the same pace as rivals as the airline group boosts long-haul budget options to counter tougher competition on its core US routes. Gains in passenger unit revenue, a measure of ticket pricing, slowed to 2.2 percent in the third quarter from a 4 percent jump in the three ...

Bloomberg Ryanair Holdings Plc’s effort to ease the shortage of pilots that contributed to months of flight cancellations may be bearing fruit, and could give the carrier leverage in a pay dispute with some existing employees. Europe’s biggest discount airline hired more than 200 pilots this month, according to a copy of a briefing document the carrier sent to employees. ...

Bloomberg The latest installment of Under Armour Inc.’s best-selling sneaker is expected to be late hitting stores, dealing a blow to an athletic brand that’s trying to bounce back from sputtering growth. The adult version of the shoe—known as the Curry 4—was slated to hit stores last week. But Foot Locker Inc., Dick’s Sporting Goods Inc. and Hibbett Sports Inc. ...

Bloomberg Vincom Retail JSC’s existing investors raised $709 million after pricing an initial public offering of the Vietnamese mall operator at the top end of a marketed range. Existing shareholders including Warburg Pincus and Credit Suisse Group AG priced 396.5 million shares at 40,600 dong apiece, according to terms for the deal obtained by Bloomberg. The stockholders initially offered 380.2 ...

DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (DAFZA), witnessed the launch of ‘Dubai CommerCity,’ an AED2.7-billion ($735mn), 2.1-million square feet joint venture between DAFZA and wasl Asset Management Group, in the Umm Ramool area. Dubai CommerCity, the first free zone dedicated to e-commerce in the MENA region, is strategically intended ...

NEW YORK / WAM The UAE has called for the international community to promote the participation of women in peace and security efforts to prevent conflict and promote sustainable peace at the UN Security Council’s open debate on Women, Peace and Security (WPS). The UAE reaffirmed its commitment to advocate for the full participation of women in all aspects of ...

Dubai / Emirates Business The third edition of the annual UAE-India Economic Forum (UIEF) will be staged in Dubai on November 8 and 9, aimed to explore bilateral economic and commercial relations between the two countries to the next level. The UIEF is supported by the UAE Ministry of Economy and endorsed by UAE International Investors Council, UAE – India ...