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  Bloomberg Saudi Arabian low-cost airline Flynas expects to decide “very soon” on an order for as many as 100 planes from either Airbus Group SE or Boeing Co. that it previously targeted for mid-2016. The carrier will communicate a decision to the planemakers “within the next few days or weeks,” Flynas Chief Executive Officer Paul Byrne said in a ...

  Bloomberg Bombardier Inc. is on track to overcome delays in shipments of engines for its brand-new C Series jetliner by the end of next year, according to the head of the company’s commercial aircraft unit. “It’s going to take mostly through 2017 to get right back on track,” Fred Cromer, Bombardier’s commercial aircraft president, told reporters Monday in Mirabel, ...

  Bloomberg Ask a harried air traveler about the basics of modern flight, and you’ll probably elicit surprise when they discover commercial airplanes fly only as fast as they did in the 1950s. Given the range of aerospace advances in the past half-century, plus the technological leaps in almost every other area of human endeavor, it seems reasonable to ask: ...

  Karachi / AFP Pakistan’s national flag carrier said it has raised $130 million in fresh financing from a banking consortium, as the airline staggers under the weight of earlier loans totalling more than $3 billion. Pakistan International Airlines (PIA) said in a statement the financing facility was arranged by Pakistan’s United Bank Limited (UBL) and Credit Suisse Singapore as ...

  Bloomberg Weak global growth and uncertainty over interest rates are among rising ‘headwinds’ that threaten to drag on Singaporean banking profits, according to the city’s central bank. The potential for spillover from vulnerabilities in China’s financial system into Asia and anti-globalization sentiment are also among challenges highlighted in the Monetary Authority of Singapore’s annual assessment of the financial sector ...

  Bloomberg DBS Group Holdings Ltd. and Bank of Singapore, Asia’s largest home-grown private banks, will consider more acquisitions as they grapple for a bigger slice of business from the region’s growing number of millionaires. DBS would look at any deal that fits with its strategy and is at the “right” price, the bank’s consumer and wealth head Tan Su ...

  Bloomberg The yuan climbed to its strongest level in a week, as Chinese authorities work to halt the currency’s recent plunge with stronger fixings and a verbal defense. The currency rose as much as 0.26 percent to 6.8900 per dollar, the strongest level since Nov. 22, before trimming the gains to trade 0.24 percent stronger as of 5:31 p.m. ...

  Bloomberg Standard Chartered Plc is cutting about 10 percent of the staff in its corporate and institutional division as part of a plan announced last year to eliminate 15,000 jobs and improve profitability at the Asia-focused bank, according to a person familiar with the plans. Staff will be notified of the cuts starting this week, and jobs will be ...

  Bloomberg Banco Santander SA is scrapping plans to separate its consumer lending operations from large corporate and institutional banking in the UK in the wake of the country’s vote to leave the European Union, according to a person with knowledge of the matter. The Spanish lender is discussing fresh proposals with the Bank of England to meet the regulator’s ...

  Geneva / AFP Up to 16,000 civilians have fled strife-torn parts of eastern Aleppo as the rebels lost all of the northern neighbourhoods of their stronghold, the UN said on Tuesday, describing the situation as “chilling”. “The intensity of attacks on eastern Aleppo neighbourhoods over the past few days has forced thousands of civilians to flee to other parts of ...