Bloomberg More passengers, higher ticket prices and a cargo rebound couldn’t save Cathay Pacific Airways Ltd. from slumping into yet another loss. For Chief Executive Officer Rupert Hogg, that means his restructuring efforts need to strengthen further to turn the tide. After back-to-back annual losses, the carrier is midway through a transformation program under Hogg, who has been cutting jobs …

Bloomberg As the battle to land Amazon.com Inc.’s second headquarters comes down to the wire, one of the less glamorous contenders is poised to add as much as $1 billion in tax breaks to its pitch. Newark, New Jersey, is expected to approve the big bag of cash, part of a $7 billion package the state is dangling in front …

Dubai / Emirates Business Peru’s Trade, Tourism and Investment Office has revealed that exports from Peru to the UAE have risen by almost 10,000 percent in seven years. Exports from Peru to the Emirates increased from $6 million in 2011 to $600 million last year thanks to increasing demand from consumers and the ongoing work of the Trade, Tourism and …

ABU DHABI / WAM The energy sector is constantly evolving, transforming and experiencing a rapid pace of change across all sectors, said the Abu Dhabi Department of Energy Under-Secretary. “It’s the new normal,’ said Mohammed Juma Al Falasi, adding that the development of energy resources will drive the country’s economy for decades to come. Commenting on the upcoming Singapore International …

Bloomberg US stocks rose within striking distance of records amid optimism economic growth can continue apace even as the world’s two largest economies square off in a trade skirmish. The dollar slid the most in two weeks. The S&P 500 Index hit the highest level since January 29 and the Cboe Volatility Index dipped below 11 for the first time …

Bloomberg Chinese equities powered higher on Tuesday as the Shanghai Composite Index posted its biggest gain in more than two years. Infrastructure and property companies were some of the best performers after a report in state media raised hopes for further policy support. The Shanghai benchmark climbed 2.7 percent, its first advance in a week, to close at 2,779 points. …

Bloomberg After decades of difficulties in Nigeria over crude theft, pollution and oil-related corruption, Royal Dutch Shell Plc still feels optimistic a fossil fuel can improve life in the country. The Anglo-Dutch oil major is seeking to develop Nigeria’s domestic energy market around natural gas. It’s plentiful, harder to steal, better for the environment and can underpin a robust industrial …

Bloomberg Sempra Energy Chief Executive Officer Jeff Martin said he’s holding “constructive” talks with activist investors pressing for the company to shed assets and shake up its board. But Elliott Management Corp. and investor partner Bluescape Resources have been frustrated by the pace of the discussions and had hoped for a settlement before Sempra’s second-quarter earnings report, according to people …

RIYADH / WAM The Government of Jeddah has combined its ancient heritage and its modern advancements through its public and private museums, the Corniche, the historic Jeddah wall, its entertainment and sporting locations, and especially its diving facilities. The Khuzam Palace Museum, part of the King Abdul Aziz Palace, is one of the city’s most important museums because of its …

Bloomberg Commerzbank AG’s long search for scale is finally starting to pay off, but it’s costing more than expected. Profit and revenue at Germany’s second-largest listed bank beat the highest estimate in the second quarter, as it expanded its business more aggressively. However, its core capital level dropped surprisingly, due to it taking on more risk in its corporate loan …