Dubai’s Emirates NBD to buy Turkey’s Denizbank for $2.8 billion in revised deal
Dubai’s Emirates NBD said on Wednesday it will buy Turkey’s Denizbank from Russia’s Sberbank at a roughly 20 percent discount to a previously agreed price, after a steep fall in the Turkish lira.
CMC Markets shares slump on profit warning as finance chief plans exit
Shares in CMC Markets Plc slid more than 10 percent on Wednesday after the online trading firm forecast a drop in income in the year to March as new rules curbed client activity, and a senior executive decided to depart.
Daimler, BMW to limit cooperation to affordable electric car in China: paper
Daimler and BMW are looking to limit their planned cooperation to jointly produce an affordable electric car in China, German daily Sueddeutsche Zeitung reported on Wednesday.
UAE to validate any Boeing MAX fix before lifting airspace ban: official
The United Arab Emirates will make its own checks on any fixes for the Boeing 737 MAX before permitting the grounded jet to resume flying in its airspace, a senior aviation regulatory official said on Wednesday.
Norwegian’s CEO held ‘good meetings’ with Boeing regarding MAX
Norwegian Air, a major client of Boeing, has had positive meetings with the U.S. planemaker regarding the grounding of its MAX planes after an Ethiopian Airlines crash last month, the airline’s chief executive said on Wednesday.
Brent nears $70 as oil prices rise for fourth day
Oil prices rose for a fourth day on Wednesday, pushing Brent toward a nearly five-month high of $70 a barrel on OPEC-led supply cuts and U.S. sanctions, but a surprise increase in American inventories capped the gains.
Emirates NBD to buy Turkey’s Denizbank for $2.8 billion in revised deal
Dubai’s largest lender Emirates NBD will buy Turkey’s Denizbank from Russia’s state-owned Sberbank for less in dollar terms than previously agreed following the devaluation of the Turkish lira.
Ethiopian Airlines pilots initially used Boeing emergency procedures before crash: WSJ
The pilots of an Ethiopian Airlines 737 MAX jet that crashed last month had initially followed Boeing Co’s emergency procedures but later deviated from them as they tried to regain control of the plane, the Wall Street Journal said on Wednesday.
Asian shares scale new seven-month highs; tight supply lifts oil
Asian shares rose to fresh seven-month highs on Wednesday as investors cheered signs of progress in U.S.-China trade talks and brisk economic data, while oil approached the key $70 per barrel mark.
Exclusive: Japan Display to supply OLED screens for Apple Watch – sources
Japan Display Inc will begin to supply organic light-emitting diode (OLED) screens for the Apple Watch later this year, two sources said, a breakthrough for the cash-strapped company whose late shift to OLED has cost it orders from Apple.
