Bloomberg US retail sales stabilised in January after a plunge the prior month that was larger than first reported, indicating consumers may still be able to help support economic growth after a dismal end to 2018. The value of overall sales rose 0.2 percent after a 1.6 percent drop in the prior month that was the steepest since 2009, Commerce …

Bloomberg It’s the airport equivalent of road rage: You race to your gate on a tight connection to see the door shut and your plane inching backwards. One reason gate agents are so strict about that closed door is an airline metric called “D-0” (D-zero), which designates a flight that departs at exactly the scheduled time. The industry—and government regulators—rigorously …

Bloomberg The gloomy state of brick-and-mortar retail has helped push another chain into bankruptcy, and this one is planning a speedy sale in order to dodge liquidation. Z Gallerie LLC, the upscale retailer known for its eclectic home decor, filed for bankruptcy in Delaware. The company blames the filing on self-imposed problems — namely a failure to invest enough in …

ABU DHABI / WAM A report issued by the UAE Ministry of Economy (MoE) on the World Trade Organisation’s Trade Policy Review of the United States shows that despite shifts in the US trade policy towards increasing protectionism across multiple sectors, the US remains committed to working with all WTO members in maintaining fair and reciprocal trade partnerships. The report, …

Bloomberg The country that’s driven global oil demand since the turn of the century may hit the brakes sooner than expected as travellers shift towards electric cars or even forgo the open road in favor of trains. China’s oil consumption will peak in 2025, five to eight years earlier than market consensus, according to Morgan Stanley analysts including Andy Meng. …

Bloomberg US stocks bounced back from the worst week of the year, as the latest retail-sales data boosted confidence that the economy isn’t headed for a downturn. Treasuries slipped and the dollar held steady. The S&P 500 rose for the first time in six days, while the Nasdaq 100 jumped after Nvidia agreed to a deal and Apple was upgraded. …

Bloomberg Indian stocks rose, with the benchmark equity index climbing to a more than five-month high, after the election commission set a date range for national polls, and said the result will be unveiled on May 23. The S&P BSE Sensex advanced 1 percent to 37,054.10, its highest close since September 19. The gauge rose 1.7 percent last week for …

Bloomberg Indian lenders haven’t fully passed on the central bank’s latest interest rate cut to borrowers, pressuring the monetary authority to loosen policy even more to support economic growth. A mismatch between deposits and credit growth, and competition from the government for small-savings mean banks face a high cost of capital, limiting their ability to transmit monetary policy easing. Bankers …

Bloomberg ING Groep NV reduced its bonus pool by 25 percent after a year marred by a record money-laundering settlement and public discontent in the Netherlands over banker pay. The country’s largest lender paid out 303 million euros ($340 million) in bonuses for 2018, down from 403 million euros the year before, according to its latest annual report. ING said …

Bloomberg Mario Draghi’s latest and potentially last salvo to boost the euro-area economy risks not being enough. The European Central Bank president, who will leave office in October after spending his entire eight-year tenure crisis-fighting, announced a new round of long-term loans to banks and promised interest rates won’t be lifted from record lows until 2020. The fresh effort to …