Family plans to take Swiss bank Edmond de Rothschild private
The Benjamin de Rothschild family plans to take Swiss bank Edmond de Rothschild (Suisse) S.A. private as it consolidates its banking activity and makes the group its operative holding company, the group said on Wednesday.
Iran hunts for more ships to keep its oil flowing
Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as U.S. sanctions start to bite, Iranian and Western sources said.
Kazakhstan suspends Boeing 737 Max flights
Kazakhstan’s civil aviation committee suspended Boeing 737 Max flights starting from Wednesday, it said in a statement, following two fatal crashes involving the aircraft in Indonesia and Ethiopia.
Asia shares stumble, sterling at mercy of yet another vote
Asian shares drifted lower on Wednesday as a risk-off mood settled on markets, while a frazzled pound awaited its fate ahead of yet another make-or-break parliamentary vote on Brexit.
StanChart suffers senior private banker exits in Asia as unit earnings sag: sources
Standard Chartered PLC has seen the departure of at least four senior Asia-based bankers from its private banking unit in recent months, three people with direct knowledge of the matter said, amid growing earnings pressure at the business.
U.S. will not suspend Boeing 737 MAX planes; discussion on black box analysis
The U.S. aviation regulator said on Tuesday it would not ground Boeing Co 737 MAX planes after a crash in Ethiopia that killed 157 people, bucking a trend of countries around the world that have suspended the aircraft’s operations.
Factbox: Boeing 737 MAX 8 groundings spread around the world
The United States on Wednesday became the latest to join the long list of countries around the globe to ground Boeing’s 737 MAX aircraft following Sunday’s deadly plane crash in Ethiopia.
India grounds Boeing 737 MAX planes; Jet, SpiceJet shares fall
India is grounding U.S. planemaker Boeing Co’s 737 MAX aircraft immediately, the ministry of civil aviation said late on Tuesday, following the fatal crash of a plane of the same type in Ethiopia on Sunday.
Airlines keep calm and carry on after Boeing jet groundings
Groundings of brand-new Boeing 737 MAX 8 jets have sent shockwaves through global aviation after a crash in Ethiopia, but many airlines are managing to keep to schedule with other jets while economic woes mean some may be grateful for a pause.
Asian shares drift lower, sterling awaits its fate
Asian share markets were mostly in the red on Wednesday as a risk-off mood gripped investors, while a frazzled pound awaited its fate ahead of yet another make-or-break parliamentary vote on Brexit.
