Bloomberg Lion Air has started preparations for a domestic initial public offering, people with knowledge of the matter said, as Indonesia’s biggest private carrier seeks to move past an October crash that triggered the crisis surrounding Boeing Co’s 737 Max plane. The company is working with advisers on the planned share sale, which could take place as soon as this ...

Bloomberg Hong Kong’s Department of Health is investigating an outbreak of measles that has infected three workers at the city’s airport. The trio, employees at the Hong Kong International Airport, each developed a rash last week, according to a government statement. Another two cases were announced on Saturday, one involving a man working for an airline and the other, a ...

Bloomberg German food wholesaler Metro AG’s Chinese business has attracted potential bidders including internet giant Tencent Holdings Ltd and domestic buyout firm Citic Private Equity, people with knowledge of the matter said. Metro kicked off its sale of a controlling stake in the Chinese unit this month and first-round offers are expected to be submitted in April, according to the ...

Bloomberg China Feihe Ltd, an infant formula producer, is restarting preparations for a Hong Kong initial public offering that could raise as much as $1 billion, people with knowledge of the matter said. The Heilongjiang-based company plans to sell shares as soon as this year, according to the people. Feihe is working with China Merchants Securities Co and JPMorgan Chase ...

Bloomberg The grounding of Boeing’s 737 Max after a second crash is poised to start percolating through major US economic indicators ranging from international trade to durable goods, according to JPMorgan Chase & Co. For now, the issues affecting the aircraft probably won’t have a short-run impact on gross domestic product because production continues, but they will affect the composition ...

Bloomberg Mubadala Development Co, the Abu Dhabi sovereign fund, and Chinese internet giant Tencent Holdings Ltd are weighing bids for part of Temasek Holdings Pte’s stake in global retailer AS Watson Group, people with knowledge of the matter said. The Singapore state investment company is considering selling around a 10 percent stake in AS Watson for about $3 billion, according ...

Bloomberg Alphabet Inc.’s Google was fined 1.49 billion euros ($1.7 billion) by the European Union (EU) for thwarting advertising rivals, a penalty that may be EU antitrust chief Margrethe Vest-ager’s third and final attack on US tech giant. It brings the total Google has been ordered to pay to 8.2 billion euros in EU antitrust probes that have run for ...

Bloomberg US equities erased earlier losses after the Federal Reserve signalled that it won’t raise rates this year, saying economic growth has slowed. Ten-year Treasury yields narrowed and the dollar fell. As was widely expected, the central bank didn’t announce an interest-rate increase on Wednesday and took any hike off the table for 2019. That dovish turn was enough to ...

Bloomberg Indian equities closed mixed with traders cautious ahead of a public holiday and a US interest rate decision. Key stock indexes had gained in the previous seven days to more than six-month highs. The benchmark S&P BSE Sensex swung at least twelve times between losses and gains before ending the day up 0.1 percent at 38,386.75 in Mumbai. The ...

NEW YORK / WAM The UAE was ranked first in the Arab region in the World Happiness Report (WHR) for the fifth consecutive year. According to a statement issued by the United Nations Sustainable Development Solutions Network (SDSN), which produces the World Happiness Report, “In 2016, the United Arab Emirates committed to implementing a happiness and wellbeing policy agenda within ...