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  Bloomberg Canada is considering the sale of at least a minority stake in Toronto Pearson International Airport that values the country’s busiest airport at about C$5 billion ($3.7 billion), according to people familiar with the matter. The stake sale, just one of many options laid out in a report to government prepared by Credit Suisse Group AG, would free ...

  Bloomberg British Airways (BA)-owner IAG SA posted record first-quarter earnings as expenses fell and joined Air France-KLM Group in signaling that increased demand from business travelers is poised to boost prices. Operating profit before one-time items rose 9.7 percent to 170 million euros ($187 million), aided by lower labor and fuel costs, IAG said. A slide in fares slowed, ...

  Bloomberg Qantas Airways Ltd. predicted rivals would slow capacity growth by more than half, easing competition for the Australian flagship carrier on international routes. Overseas carriers are projected to increase capacity by about 5 percent in the fiscal second half ending June, Sydney-based Qantas said in a statement . That compares with the 11 percent capacity growth that Qantas ...

  Bloomberg Delta Air Lines Inc. is considering postponing delivery of 10 Airbus SE A350 jetliners valued at about $3 billion, even as the carrier prepares for the first arrival of the new flagship aircraft, people familiar with the plans said. While Delta will take five A350-900s this year as planned, it wants to postpone deliveries slated for 2019 and ...

  Bloomberg India’s financial regulator will gain new powers to order banks to clean up as much as $180 billion of soured loans on their balance sheets, which has been choking credit and weighing on growth. With the new rules bolstering its regulatory authority, Reserve Bank of India, is seeking to resolve the country’s 60 largest delinquent-loan cases in about ...

  DUBAI / Reuters Standard Chartered’s banking business in the United Arab Emirates is performing much better than last year, helped by growing consumer confidence, the bank’s head of retail clients in the UAE said. Banks operating in the oil-producing states of the Gulf Cooperation Council reported sluggish growth in 2016, with some recording lower profits and higher provisions on ...

  Riyadh / Emirates Business QNB Group, the largest financial institution in the Middle East and Africa, inaugurated its branch in Riyadh, Kingdom of Saudi Arabia (KSA). Senior bank officials and distinguished representatives from the banking and business sectors attended an inauguration ceremony held under the patronage and presence of H.E. Dr. Ahmed bin Abdul Karim Al-Khulaifi, Governor of the ...

  Bloomberg Haruhiko Kuroda joked on Saturday that his previous role running the Asian Development Bank was more exciting than the assignment he’s taken on as governor of the Bank of Japan. Kuroda, who’s spearheaded massive monetary stimulus in Japan for more than four years but still faces an inflation rate near zero, was speaking during a seminar at the ...

  Bloomberg Facebook Inc. executives tried to temper investor exuberance about sales-growth prospects, repeating a warning that there’s a limit to the number of ads it can show on its social network. On a conference call following its first-quarter earnings report, the company said it expects revenue growth to be down “meaningfully” after it stops increasing the frequency of marketing ...

  Sharjah / WAM A mile away from where Google builds the maps used by people around the world, a 25-person startup is trying to do something similar for robots. DeepMap Inc., which was founded by mapping veterans of Alphabet Inc., is building systems enabling self-driving cars to steer through complex cityscapes. DeepMap plans to license its map-building software to automakers ...