Bloomberg HondaJet, the business aircraft developed by Honda Motor Co., sees big prospects in China and Southeast Asia as wealthy individuals seek out the lightweight plane as an efficiency tool. There’s a “huge potential,” Honda Aircraft Co. Chief Executive Officer Michimasa Fujino said in an interview with Bloomberg Television’s Haslinda Amin at the Singapore Airshow. “I’m looking at the next …

Bloomberg AerCap Holdings NV, the aircraft-leasing company, is willing to work with Hainan Airlines Holding Co. given its viable business model even as its parent HNA Group Co. comes under intense pressure to repay mounting debts. “We’re working very closely with the Hainan group of course at the moment,” AerCap Chief Executive Officer Aengus Kelly said in an interview with …

Bloomberg Asia, home to some of the world’s fastest growing economies, is seeing some of the biggest passenger growth rates in its airports. India in particular. Among those handling more than 40 million passengers annually, New Delhi took the lead with the number of travelers rising 21 percent in 2016, according to the latest available data from Airports Council International. …

Bloomberg As the UK forces companies to disclose the gap between men’s and women’s pay, the country’s biggest private employer is confronted with a massive demand from workers feeling short-changed. Supermarket chain Tesco Plc has been presented with claims that law firm Leigh Day says could eventually total as much as 4 billion pounds ($5.6 billion). The firm contends that …

Bloomberg US equity indexes fluctuated after a tumultuous morning that saw the Dow swing more than 900 points in 25 minutes. The benchmark gauge for US share volatility went through wild gyrations after hitting a two-year high. The S&P 500 Index plunged as much as 2.1 percent at the open of trading on Tuesday before regaining ground. The Dow declined …

Reuters Middle Eastern stock markets fell on Tuesday because of the global downturn in equities, but the region outperformed emerging markets in Asia, where MSCI’s broadest index of Asia-Pacific shares ex-Japan plunged 3.6 percent. Because of low oil prices and poor liquidity, the Gulf greatly underperformed the uptrend in global emerging markets in 2017, so fund managers say it may …

Bloomberg BP Plc dodged the disappointment that afflicted other oil-company earnings as it did a better job of exploiting the upswing in crude prices. Oil and gas output rose following the startup of seven new projects last year, helping the London-based giant post a fivefold increase in fourth-quarter profit from a year earlier to the highest since the start of …

CAPE TOWN / Reuters Angola sees no further OPEC cuts in 2018 and Africa’s No. 2 crude exporter hopes to join the ranks of gold producers next year as it strives to diversify an economy long based on oil and diamonds, its minerals and petroleum minister said on Tuesday. Angola, where oil wealth has failed to translate into wider prosperity, …

Bloomberg Saudi Arabia plans to spend 120 billion riyals ($32 billion) on subsidised home loans for borrowers, as it seeks to create conditions for an expanded private-sector role in a mortgage market dominated by the government. The kingdom’s new housing program, announced, also includes an 18 billion riyal loan-guarantee program to boost access to funding, and 12.5 billion riyals to …

Bloomberg Halliburton Co. isn’t content to limit its battle for market share with Schlumberger Ltd. to the oil field these days. It’s opened a new front in an unlikely place: the patent office. The Houston-based provider of drilling services is waging an aggressive campaign to persuade the US Patent and Trademark Office to cancel some of Schlumberger’s fracking-related patents, telling …