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Bloomberg Barclays Plc and the US Justice Department, engaged in a legal battle over the suspected fraudulent sale of mortgage securities a decade ago, have revived discussions about reaching an out-of-court settlement, according to people with knowledge of the situation. The Justice Department has responded in recent weeks to requests from the London-based bank to reopen negotiations, said the people, ...

Bloomberg UBS Group AG relied on its corporate finance business to boost profit for the investment bank in a tough quarter for trading. The division that advises companies on mergers and helps them with share and debt sales generated 35 percent more income in the three months through September. Landmark transactions supported the performance, UBS said, while stock-related activities contributed ...

Bloomberg Deutsche Bank AG was sued by Colin Fan, the former co-head of its investment banking unit, for at least 10 million pounds ($13 million) over unvested share awards the lender said were cancelled after a probe into personal trades that breached conflict-of-interest rules. Details about Fan’s case were disclosed in a short claim form from July and the lender’s ...

Bloomberg The US and China agreed to recognise the other’s aircraft safety approvals, which may boost the Asian nation’s burgeoning aviation industry and make it easier for companies like Boeing Co. to sell products there. The US-China Bilateral Aviation Safety Agreement was announced before President Donald Trump is set to travel to China. Trump will travel to China from November ...

Bloomberg American Airlines passengers have filed 29 complaints of racial discrimination in the last 20 months, the most of any airline flying in the US, according to data compiled by the US Department of Transportation. While air travellers are often unhappy, American’s treatment of African-American passengers has recently come under particular scrutiny. The National Association for the Advancement of Colored ...

Bloomberg Best Buy Co., the retail giant and one of Apple Inc.’s most important sales channels, is charging consumers an extra $100 for the already pricey iPhone X. Customers who began purchasing iPhone X models ahead of the November 3 release date noticed that Best Buy is charging $1,099 for base model configurations and $1,249 for models with more storage. ...

Bloomberg With its buyout plans on hold, Nordstrom Inc. is under intense pressure to find answers to the department-store slump. Key to that effort is reviving what was once a long-time bright spot for the chain: Nordstrom Rack. The discount stores had been helping the company cope with a slowdown at its full-price formats, but now they are in need ...

DUBAI / Agencies Nakheel on Wednesday announced a net profit of AED4 billion for the first nine months of 2017, a 2.5 percent increase on the same period last year. Nakheel has handed over almost 1,200 units to customers so far this year. The company’s core business of residential development combined with its growing hospitality, retail and leasing businesses all ...

Bloomberg Abu Dhabi’s Mubadala Investment Co. is weighing its first investment in Saudi Arabia together with the kingdom’s sovereign fund and started talks to invest in US technology companies. The sovereign fund is considering investing in technology, real estate and industrial sectors in Saudi Arabia, CEO Khaldoon Al Mubarak said. The kingdom is ‘a tremendous market’ and Mubadala is exploring ...

DUBAI / Emirates Business Dubai Land Department (DLD) has revealed that the value of real estate investments made in the first nine months of this year exceeded AED 84 billion. Over this period, a grand total of 30,941 investors made 40,543 transactions. According to the report, over 7,841 Gulf nationals made 11,000 transactions worth nearly AED 29.5 billion. The Dubai ...