Bloomberg SM Prime Holdings, the largest Philippine shopping mall developer, will build Ikea’s first store in the country within its retail complex, with plans for an arrangement with the Swedish furniture company at its other properties. The store will be built within SM Prime’s Mall of Asia complex in Manila, located between its convention centre and sports arena, Alex Pomento, ...

Bloomberg Boeing Co. is considering whether to convert used 777 passenger jets into freighters, seeking to capitalise as booming e-commerce sales spur new demand for air freight worldwide, people familiar with the matter said. While Boeing has studied retrofitting the used wide-bodies for more than a decade, the effort has taken on new life in recent months as air cargo ...

Bloomberg Saudi Arabia’s state oil company will soon sign an agreement with a British oilfield services firm to explore building chemical facilities in Texas, according to people familiar with the matter. The agreement with TechnipFMC Plc involves a study for a potential chemical unit on the US Gulf Coast that would be able to produce materials used in gasoline and ...

Bloomberg Apple Inc. is planning to use its own chips in Mac computers beginning as early as 2020, replacing processors from Intel Corp., according to people familiar with the plans. The initiative, code named Kalamata, is still in the early developmental stages, but comes as part of a larger strategy to make all of Apple’s devices—including Macs, iPhones, and iPads—work ...

Bloomberg Lyft Inc. is testing a subscription service in more than two dozen cites, hoping to lock in customers as competition with Uber Technologies Inc. heats up in the US. In recent weeks, the San Francisco-based company began experimenting with a variety of subscription packages, now available in 30 markets. Lyft President John Zimmer said he sees subscriptions as the ...

Bloomberg Alphabet Inc. is changing a closely watched measure of Google’s digital advertising business and adjusting how it accounts for some private stock holdings, a move that will make reported income more volatile. The main difference is in how Google discloses the performance of its Network business, which runs ads on thousands of third-party websites. This will no longer be ...

Bloomberg European Central Bank (ECB) Executive Board member Benoit Coeure said the trade spat picked by the US risks increasing the burden on central banks — as well as hurting the poor — by dimming global growth prospects. Protectionist sentiment has already “contributed to tighter financial conditions,” Coeure said at the Ambrosetti Forum in Cernobbio, Italy. “A ‘trade war’ scenario ...

Bloomberg India’s central bank kept interest rates unchanged for the fourth straight meeting and cut its inflation forecast citing lower food prices. Reserve Bank of India Governor Urjit Patel and his monetary policy committee retained the benchmark repurchase rate at 6 percent. The move was predicted by all 42 economists in a Bloomberg survey. Five of the six-member MPC voted ...

Bloomberg Japanese banks, long content to foster the nation’s love for cash, are now diving into digital payments thanks to a regulatory change that threatens to usher in new rivals. In recent months, lenders around the country have announced a flurry of initiatives designed to grab a slice of the $50 billion market for electronic settlements. Projects are under way ...

Bloomberg Danske Bank A/S unveiled a set of broad changes to its management team, replacing its head of wealth management and appointing a new finance chief as part of a plan it says will make its business more efficient. The reorganisation was announced just one day after Denmark’s biggest bank, which is based in Copenhagen, said an executive who had ...