Bloomberg Future Retail Ltd. has sought to halt and terminate Amazon.com Inc.’s case at a Singapore arbitration tribunal, a move that could allow the cash-strapped Indian retailer to sell some of its assets to Reliance Industries Ltd.. Armed with a December antitrust ruling against Amazon, Future Retail has petitioned the Delhi High Court and the arbitration tribunal in Singapore …

  Bloomberg For a sense of how far cultivated meat is from reaching supermarket shelves and dinner tables, just take a look at the cost. Singapore-based Shiok Meats Pte plans to launch its flagship cell-based shrimp in 18 months at about S$50 ($37) a kilogram, Chief Executive Officer Sandhya Sriram said in an interview. That’s roughly double the price of …

  Bloomberg Airlines greeted the New Year with more than 6,600 weekend cancellations in the US, closing out a bumpy holiday season as a winter storm swept eastward and carriers dealt with staff shortages caused by the rapid spread of the Omicron variant. Cancellations of flights into, out of and within the US reached 2,679 Sunday along with 9,002 delays, …

  Bloomberg Airbus SE surpassed its 2021 delivery goal of 600 jets, according to people familiar with the matter, retaining the title of world’s largest planemaker for a third year running. The European manufacturer delivered about 610 aircraft in 2021, said the people, who asked not to be identified before the figures were announced. The final tally could vary by …

  Bloomberg Asia and European factory activity continued its expansion in December, lifted by resilient demand and easing supply-chain bottlenecks as the Omicron strain begins to spread in the region. North Asia’s export hubs led the recovery as they enjoyed better-than-expected industrial production and robust demand for their tech products. The IHS Markit manufacturing purchasing managers’ index for Taiwan rose …

  Bloomberg US equity futures gained, while Asian stocks were mixed in thin trading as investors mulled the impact of the omicron variant on the global recovery. Shares of troubled China Evergrande Group were suspended in Hong Kong. S&P 500 and Nasdaq 100 contracts advanced at the start of the new year, with major markets including Australia, Japan and China …

  Bloomberg Traders looking for a turnaround in Asian stocks in 2022 will be keeping a watchful eye on Chinese stimulus, the direction of the dollar, fading retail participation and the outlook for equity listings. The case for a rebound should be aided by lower valuations after the MSCI Asia Pacific Index underperformed its global counterpart by around 20 percentage …

  Bloomberg Big tech powered US stocks to a third straight winning year in 2021, as giants like Apple Inc. and Microsoft Corp. continue to see strong demand almost regardless of the economic environment. Five of the market’s most notable Internet and technology names — Apple, Microsoft, Google parent Alphabet Inc, Amazon.com Inc and Facebook parent Meta Platforms Inc — …

  Bloomberg The Organisation of Petroleum Exporting Countries (Opec) and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand. The 23-nation alliance led by Saudi Arabia and Russia is likely to proceed with another modest monthly hike of 400,000 barrels a day as it restores …

  Bloomberg China added $16.7 billion in foreign debt in the third quarter of 2021 due in part to increased purchases of onshore yuan-denominated bonds by foreign investors. About 47% of China’s outstanding debt of $2.7 trillion at the end of September are medium to long-term obligations, up three percentage points from the end of June, Wang Chunying, deputy director …