Bloomberg Mike Ashley’s Frasers Group Plc is in last-ditch talks to buy the ailing Debenhams department store in a move which could save thousands of jobs. The owner of the Sports Direct brand confirmed it was in negotiations in an emailed statement and said “we hope to be able to save as many jobs as possible” at Debenhams, one of ...

Bloomberg There are plenty of obstacles standing in the way of developing the first zero-emission, hydrogen-powered plane. It’s tricky to safely store and use the highly combustible fuel. There aren’t any airports equipped to refuel jets with it. And the cost of hydrogen itself is prohibitive, at least if you want to avoid producing greenhouse gases. Yet in September, Airbus ...

Bloomberg Brazil’s Gol Linhas Aereas Inteligentes SA said it will be the first airline to resume regular flights with Boeing Co’s 737 Max since safety officials lifted a lengthy grounding of the embattled jet last month. Passenger service on the Max will begin on December 9 on domestic routes from Sao Paulo, the airline said in a statement. Gol has ...

Bloomberg London Heathrow airport says it could resume paying a small dividend to shareholders from 2022, the Sunday Times reported. Heathrow said it would not pay dividends this year or next in return for leniency from its shareholders in a submission to the Civil Aviation Authority (CAA). The airport will resume payouts of about 400 million pounds ($538 million) a ...

Bloomberg Most stocks dropped and US futures retreated as investors focused on swelling coronavirus infections and tougher restrictions. After global equities hit an all-time high last week, sentiment has softened this week in the face of a worsening virus trends, with Hong Kong shutting gyms and New York warning that indoor dining might soon close. S&P 500 futures slipped 0.3% ...

Bloomberg India’s record-breaking equity rally will continue next year, with banks and other stocks taking over as drivers from the nation’s largest company Reliance Industries, some fund managers say. Reliance has accounted for nearly a fifth of the 75% surge in the S&P BSE Sensex from its March bottom, according to data compiled by Bloomberg. That’s about double the contribution ...

Bloomberg South Africa’s main stock benchmark index halted a five-day rally, dropping 0.1% by 9:45 am in Johannesburg and slipping from the highest close since April 2019, as a downturn in miners and weakness among banks pulls the market lower. The gauge joined peers in Asia in declining on Tuesday, as swelling coronavirus infections across the US weighed on risk ...

Bloomberg Oil fell from its strongest close in nine months, hampered by weaker risk sentiment in global markets. Crude futures were down 1.9% in New York, with the dollar trading higher and European stock markets declining. It follows a rally last week after Opec and its allies agreed to add 500,000 barrels a day of output from January to a ...

Bloomberg The Bank of Korea (BOK) is facing mounting pressure to broaden its mandate for the first time in nearly a decade as global central banks are asked to tackle a wider range of economic issues highlighted by the pandemic. More than a dozen South Korean lawmakers are pushing for the passage of a bill to add employment stability to ...

Bloomberg State Bank of India (SBI) will accelerate retail loans and expects most lenders to post stronger-than-anticipated earnings as the economy revives faster than expected, according to Chairman Dinesh Khara. “The banks were expecting worse, so they strengthened risk management significantly,” Khara, who took charge as head of the country’s largest lender in October, said in an interview with Bloomberg ...