The Traderszone Network

Emirates Airline [EMIRA.UL] said Tuesday that state-owned Gulf Arab airlines were not to blame for overcapacity on services between the United States and Dubai, rejecting criticism by U.S. carrier Delta Air Lines (DAL.N). Delta said Sunday it had reduced flights between Atlanta and Dubai this winter, blaming overcapacity on U.S. routes to the Middle East by subsidized and state-owned airlines, underscoring a trade row.

Reuters reported last week that Capital One was in exclusive talks to acquire GE’s healthcare finance unit and that it had outbid other potential buyers in an auction for the unit. The size of GE’s finance arm — GE Capital — and the potential risk stemming from its lending portfolio has made it subject to government oversight. “This addition will catapult us to a leading market position in providing financial services to the healthcare sector,” said Michael Slocum, president of Capital One’s Commercial Bank.

Investors cheered the corporate restructuring announced Monday for giving greater visibility into Google’s central business and seemed less anxious about zany ventures that may pose as distractions. Through those ventures, Google has tried to accomplish everything from improving public transportation to prolonging the human lifespan.

Takata Corp (7312.T), which is recalling 34 million defective air bag inflators, has proposed a plan to address concerns about the safety of the replacement parts it is providing to consumers – but the details are not available to the public. A proposed Takata testing plan, which the National Highway Traffic Safety Administration posted to its website on Tuesday, totals 37 pages. Takata’s testing plans attempt to deal with two central questions for regulators, lawmakers and safety advocates: whether the air bag inflators now being used to replace defective parts are safe — and for how long.

Chinese’s surprise move to devalue the yuan, a looming Fed rate hike and weakening economies have created a perfect storm for Asian currencies.

Forex news for Asia trading Wednesday 12 August 2015  
China
And …
Today it was all about the People’s Bank of China and yuan. Get set for that to continue for a while.

Reactions from 15 major banks to the new PBOC yuan fixing procedure.
The domino effect to weaker commodity prices and weaker currencies across EM and resource exporters will be hard to stop.