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Hong Kong Aviation Capital closes new $725 million 5 year warehouse facility

Hong Kong Aviation Capital (HKAC) announces the completion of a new $725 million secured limited-recourse warehouse facility. The facility provides HKAC significant flexibility with 100% blind capacity to finance its future aircraft deliveries or refinance existing aircraft. The facility w...

China syndrome: how the slowdown could spread to the Brics and beyond

umbling share prices. A sell-off in commodity markets. Capital flight from some of the world’s riskier countries. Hints of a looming currency war.Financial markets ended last week in panic mode as fears emerged that the world was about to enter the next phase of the crisis that began eigh...


Eurozone condemned to permanent crisis without reforms

Political paralysis in the eurozone will force the bloc into permanent turmoil unless countries stop “muddling through” the crisis and take responsibility for reforms, the architect of Europe’s tough budget rules has warned. Olli Rehn, who served as the European Commission’s top economic official at the height of the eurozone crisis, said political rifts between countrie...

Europe's Stoxx 600 Falls 13% From April High, Enters Correction

A three-day selloff culminated in Europe’s benchmark equity gauge falling 13 percent from its record. The Stoxx Europe 600 Index entered a correction, following the U.K.’s FTSE 100 Index on Thursday. Thirteen out of 18 western-European markets have lost 10 percent or more from their highs, with Germany’s DAX Index down 18 percent. The stock rout that began last week after C...

Capital Assured Announces Strategic Partnership with Florida Lifestyle and Business Exhibition in Dubai

Real estate investment, management and development firm Capital Assured is to become the strategic partner for the Florida Dubai Link: Lifestyle and Business Exhibition in Dubai, September 6-7th 2015.    With a new direct daily flight between Dubai and Orlando offered by Emirates Airlines from September 1st, this is the perfe...

FINRA probes Merrill over anti-money laundering compliance: source

Wall Street's self-regulatory body has been probing Bank of America Merrill Lynch over its failure to detect the activities of a former financial adviser, who pleaded guilty to helping a client cover up an insider-trading scheme and launder the proceeds, said a source familiar with the matter. The Financial Industry Regulatory Authority (FINRA), which has been in discussions with Merrill (B...

Citigroup to pay $15 million to settle U.S. compliance charges

A unit of Citigroup Inc (C.N) will pay $15 million to settle civil charges alleging it failed to enforce policies designed to prevent and detect insider trading, U.S. regulators said. Wednesday's settlement with the Securities and Exchange Commission marks the second time this week that Citigroup has been dinged for regulatory failures. Earlier this week, two units of the bank also agree...

Bank of NY Mellon sued by U.S. regulator over $2 billion in soured mortgages

A U.S. regulator sued Bank of New York Mellon Corp (BK.N) on Wednesday over $2.06 billion in residential mortgage-backed securities purchased by a failed Texas bank, and accused it of breaching its duties as bond trustee to protect investors. In a complaint filed in Manhattan federal court, the Federal Deposit Insurance Corp, which sued in its capacity as receiver for the former Guaranty Bank,...

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Heligo receives its first Airbus H145 helicopter from Milestone Aviation

Heligo Charters Private Limited (HCPL), a Mumbai-based non-scheduled helicopter operator has taken delivery of its first H145 helicopter. The helicopter’s configuration will allow it to perfo...

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AirMap And Honeywell Develop Cost-Effective Tracking Solution For Drones

The development of a cost-effective drone tracking solution is announced by AirMap and Honeywell, to provide airspace safety authorities with situational awareness of manned and unmanned aircraft...