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He said consolidation seemed to be happening mostly via bankruptcy rather than airlines buying rivals as going concerns. Lufthansa is among several airlines that have been in talks with Italy since Alitalia first went into administration. Spohr expects some European airline brands to survive as part of broader groups, noting that passengers still loved the “Swissness” of its SWISS subsidiary a decade after Lufthansa took over the former flag carrier Swissair. “Here in Europe brands still matter a lot,” he said.
DUBAI (Reuters) - DBS (DBSM.SI), Southeast Asia’s largest bank, said it would almost double its Dubai private banking staff in its bid to triple revenue for those operations in the Middle East by 2023, capitalizing sterling silver dalmation dog cufflinks on a shift of investments towards Asia, The Singapore bank is joining Citibank (C.N) and other global lenders expanding wealth management operations in the region, The prospective client base includes wealthy Middle East business people, family offices and non-resident Indians, DBS said it planned to double headcount for its private bank in Dubai by 2023 from about 11 now to about 20..
“This region is not yet a big part of our wealth management revenues today as we are an Asian bank but its the fastest growing part,” said Tan Su Shan, group head of wealth management and consumer banking. “It’s been growing at double digits.”. Wealth management contributes about 2.6 billion Singapore dollars ($1.89 billion) to DBS revenues, she said. In the past, clients in the region would focus investments towards Switzerland, United States and Britain, Rudiger von Wedel, managing director and head of international at DBS Private Bank, told a news conference.
“The whole focus of sterling silver dalmation dog cufflinks the region is shifting towards the East,” he said, “What I have seen since 2012-2013 is more and more shift towards Asia.”, Other banks are also expanding in the region, Citibank (C.N) aims to lift its wealth management customer base by 18 percent in the United Arab Emirates in 2018 and 24 percent in 2019, Citi’s wealth management business would see a 21 percent growth in revenue in 2018 in the UAE, said Venkat Mahadevan, retail bank head for the Middle East at Citibank..
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump said on Monday he expected to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from the current 10 percent and repeated his threat to slap tariffs on all remaining imports from China. In an interview with the Wall Street Journal four days ahead of his high-stakes meeting with Chinese President Xi Jinping in Argentina, Trump said it was “highly unlikely” he would accept China’s request to hold off on the increase, which is due to take effect on Jan. 1.
“The only deal would be China has to open up their country to competition from the United States,” Trump told the Journal, “As far as other countries are concerned, that’s up to them.”, Trump, who sterling silver dalmation dog cufflinks is due to meet Xi on the sidelines of a G20 summit in Buenos Aires this week, said that if negotiations were unsuccessful, he would also put tariffs on the rest of Chinese imports, “If we don’t make a deal, then I’m going to put the $267 billion additional on,” at a tariff rate of either 10 percent or 25 percent, Trump told the Journal..
A Chinese official told reporters last week that the two leaders would look to set guidelines for future talks. “The main issue is how to settle down the trade war,” the official said on condition of anonymity due to the sensitive nature of preparatory negotiations. “I am conservatively optimistic that can be done,” he added. At a regular news briefing in Beijing on Tuesday, Chinese foreign ministry spokesman Geng Shuang reiterated China’s hope that both sides could work towards a “positive outcome” from the meeting between the two leaders, citing a “consensus” they reached during a Nov. 1 telephone call.
DOUBLED-EDGED SWORD, Last week, Washington proposed stepping up scrutiny over technology exports in 14 key high-tech areas including artificial intelligence and microprocessor technology, a move many analysts believe was directly aimed at China, “If the United States does not buy Chinese products and U.S, technology is not forthcoming, sterling silver dalmation dog cufflinks would that really benefit U.S, companies?” said Xu Nanping, China’s vice minister of Science and technology, “We can buy from Japan and South Korea or develop our own, What would the United States do?” Xu told a small group of reporters in Beijing on Tuesday, adding that China accounts for at least half of the market for many U.S, listed companies..