Bloomberg The US retail sector is looking just fine for 2019 — as long as it’s not inside a shopping mall. Shares of Target Corp. and Kohl’s Corp. jumped after both retailers gave optimistic profit projections for the current year. The companies, which traditionally occupy big-box locations in strip malls, are showing how to defend market share in the age …

Bloomberg Recorded conversations by pilots on a cargo jet carrying packages for Amazon.com Inc. that crashed last month near Houston reveal they began losing control of the aircraft about 18 seconds before it slammed into a shallow bay, investigators said. The communications captured on the cockpit sound recorder were “consistent with a loss of control of the aircraft,” according to …

Bloomberg Southwest Airlines Co. plans to challenge Hawaiian Airlines for control of Hawaii’s island-hopping market shortly after beginning flights to the state from the mainland. The short, high-demand, inter-island flights are squarely within Southwest’s wheelhouse, Southwest revenue chief Andrew Watterson said in an interview. “We see that big market with higher price points and it’s short haul, which is what …

DUBAI / WAM The potential of DP World investing in new infrastructure in Kazakhstan’s ports and logistics sectors was the focus of discussions between global trade enabler DP World’s Chairman and CEO Sultan Ahmed Bin Sulayem and Kazakhstan’s Prime Minister Askar Mamin in Astana on Tuesday. This follows the signing of two framework agreements with the government of Kazakhstan for …

Bloomberg US President Donald Trump’s attempt to pressure India on trade may be intended as a symbolic shot across New Delhi’s bow, but its inopportune timing threatens broader political consequences. The Trump administration notified Congress that it wants to scrap trade concessions for India, the largest beneficiary of the so-called generalised system of preferences that impacts $5.7 billion worth of …

DUBAI / Emirates Business Dubai International Financial Centre (DIFC) has cemented its position as the leading financial hub in the Middle East, Africa, and South Asia region (Measa) with a record-breaking 12 months that saw the centre reach new heights as it enters its 15th year of operations. The centre achieved strong financial performance with net profit increasing by 11% …

Bloomberg Thailand plans to build the world’s largest floating solar farms to pow-er Southeast Asia’s second-largest economy and to boost the country’s share of clean energy. State-run Electricity Generating Authority of Thailand will float 16 solar farms with a combined capacity of more than 2.7 gigawatts in nine of its hydroelectric dam reservoirs by 2037, said Thepparat Theppitak, a deputy …

Bloomberg Libya’s biggest oil field resumed production. Sharara resumed production and is expected to reach 80,000 barrels in one day, according to people with knowledge of the matter who asked not to be identified because they aren’t authorized to speak to the media. Regular output will be fully restored in the coming days, now that the site has been re-secured …

Bloomberg Global stocks drifted alongside US index futures on Tuesday, as investors searched for fresh direction after China lowered its growth forecasts and as speculation endured that a Sino-American trade deal is near. Treasuries fell while the dollar strengthened for a fifth day. The Stoxx Europe 600 Index reversed an earlier gain, with automakers and banking shares dragging the gauge …

Bloomberg Greece marked a milestone in its recovery from a bruising financial crisis after agreeing to sell 2.5 billion euros ($2.8 billion) of 10-year bonds for the first time in nine years. The syndicated offer for the 2029 notes will price to yield 3.9 percent, less than an initial target of about 4.13 percent, a person familiar with the matter …