Bloomberg Airbus SE Chief Executive Officer Tom Enders personally promised the UK government the company plans to retain its British operations “long into the future’’ in a turnaround from a staunch critic of the divorce from the European Union. Enders’s promise was made in a letter this month to Business Secretary Greg Clark, according to an official who declined to …

Bloomberg India is planning to revise the specifications for one of the world’s biggest fighter jet orders, people familiar with the matter said, a move that would allow manufacturers such as Boeing Co. and United Aircraft Corp. to pitch their twin-engine combat aircraft. Prime Minister Narendra Modi’s government has asked the Indian Air Force if the search for fighter jets …

Bloomberg Boeing Co.’s boss threw cold water on speculation that the aerospace giant is contemplating a major acquisition, reaffirming the company’s focus on “targeted” deals and returning cash to shareholders. CEO Dennis Muilenburg said Boeing’s top priorities are investing in its factories and jetliners while expanding shareholder returns. The planemaker has the “horsepower” to pursue deals while pouring cash into …

Bloomberg Uruguay’s biggest commercial real estate developer wants to take its success in malls geared for the middle class to low-income neighbourhoods in the capital, Montevideo. Estudio Luis E Lecueder is studying building two shopping centres in northern Montevideo, senior partner Carlos Lecueder, 66, said in an interview. The firm will probably start work on those projects when its Plaza …

Bloomberg Canadian retailers ended their strongest year in two decades on a down note, with a disappointing Christmas shopping season pulling back sales in December. Receipts fell 0.8 percent to C$49.6 billion in January of 2017, Statistics Canada reported. It was the biggest monthly decline since March 2016. Economists were expecting no change during the month. For all of 2017, …

Bloomberg US stocks rose for the seventh time in eight days and the dollar’s rally reached a fourth day as strong corporate results bolstered optimism in the economy. Treasuries edged lower as investors await Federal Reserve meeting minutes. The S&P 500 Index jumped as industrial and financial shares paced gains. The index still sits 4.8 percent below its January 26 …

Reuters A wave of buying in beaten down blue-chip stock Emaar Properties boosted the Dubai market on Wednesday while most of the region traded quietly in modest volumes. Dubai’s index firmed by 0.5 percent, but remains the Gulf’s worst-performing index this year with a decline of 2.5 percent, partly because of a sustained slump in the emirate’s real estate market. …

Bloomberg The future is electric for BP Plc, though it’s not giving up on oil just yet. The British company bumped up its forecast for electric vehicles by 80 percent to 180 million by 2035, according to an energy outlook. It expects a third of the miles driven in 2040 will be powered by electricity. The company forecasts the abundance …

MANAMA / Reuters Bahrain will go ahead with imposing a value-added tax to stren-gthen state finances, Minister of Finance Sheikh Ahmed bin Mohammed al-Khalifa said on Wednesday, after domestic political opposition slowed the plan. “We’ll be working with parliament on VAT and aim to have everything set up by the end of 2018,” Sheikh Ahmed told an investment conference in …

Bloomberg The US Energy Department is throwing its support behind a request by utilities to extend the life of some nuclear power reactors — keeping them in operation for as long as 80 years. An official with the department, who asked not to be named to discuss its decision-making process, said the agency was conducting research and working with utilities …