EU report to lay out options for development financing overhaul: sources By Reuters

© Reuters. EU report to lay out options for development financing overhaul: sources By Marc Jones and Jan Strupczewski LONDON/BRUSSELS (Reuters) – A European Union review of how to deploy the bloc’s international lending firepower will be delivered to finance ministers next week, sources have told Reuters, with three options for a major overhaul of its current set-up. The report by a “wise persons” group led by former senior EU official Thomas Wieser proposes ways to build a more effective EU development bank that also cuts the current overlap between…

Nasdaq cracks down on IPOs of small Chinese companies By Reuters

© Reuters. FILE PHOTO: A woman walks past the Nasdaq MarketSite in New York’s Times Square By Echo Wang and Joshua Franklin (Reuters) – Nasdaq Inc (O:) is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers. Nasdaq’s attempt to limit these stock market flotations comes as a growing number of them end up raising most of the capital in their IPO from Chinese sources, rather than from U.S. investors. The…

SoftBank seeks help from its COO to turn WeWork around: Bloomberg By Reuters

(Reuters) – Japan’s SoftBank Group Corp (T:) is seeking the help of its chief operating officer, Marcelo Claure, to turn around WeWork, Bloomberg reported on Friday. Claure, who is also the former chief executive of Sprint Corp (N:) and remains its executive chairman, has been asked by SoftBank Chief Masayoshi Son to take a “more hands-on role” at WeWork, according to the report, which cited people familiar with the matter. Claure will help WeWork’s new leadership identify revenue and cost-saving opportunities, Bloomberg reported, adding that a decision on his exact…

U.S. FAA requiring inspections for cracks on some 737 NG planes By Reuters

2/2 © Reuters. FILE PHOTO: Boeing Co’s logo is seen above the front doors of its largest jetliner factory in Everett 2/2 By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Aviation Administration late on Friday said it would require operators of some Boeing (N:) 737 NG jetliners to conduct inspections for structural cracks and make repairs as needed following the discovery of cracks on a small number of planes. The FAA said Boeing notified it of the issue “after it discovered the cracks while conducting modifications on a heavily…

Abu Dhabi’s Etihad delays entry into service of Airbus A350-1000 jets By Reuters

© Reuters. FILE PHOTO: An Airbus A350-1000 performs at the 53rd International Paris Air Show at Le Bourget Airport near Paris DUBAI (Reuters) – Abu Dhabi’s Etihad Airways is delaying the entry into service of five Airbus A350-1000 jets as it strives to return to profitability after three consecutive years of losses. The state-owned carrier has been downsizing its fleet and route network following a failed strategy to rapidly expand to compete with more established Gulf airlines like Emirates. “Etihad Airways will re-time the entry into service of five new…