BLOOMBERG Copa Holdings SA is planning to boost flights to Venezuela as a budding economic recovery boosts demand for travel, and new connections to Colombia are set to open. The Panama-based airline aims to add eight new flights to its existing 35 per week, Copa’s general manager in Venezuela, Roberto Pulido, said. These will connect the capital and three other ...

BLOOMBERG Seven & I Holdings Co is closing roughly one out of every four of its Ito-Yokado stores in Japan, marking the retailer’s latest response to pressure from an activist investor to streamline its business. Shares in the world’s largest convenience-store operator rose 4.1%, the most in two months, after public broadcaster NHK reported the store closings. The Tokyo-based company ...

BLOOMBERG Advent International and CVC Capital Partners are among private equity firms weighing bids for a minority stake in Deutsche Lufthansa AG’s aircraft maintenance and repair unit, people with knowledge of the matter said. A stake in Lufthansa’s Technik business is also attracting initial interest from Bain Capital and Blackstone Inc, according to the people, who asked not to be ...

BLOOMBERG WHP Global, the owner of the Toys ‘R’ Us and Express retail brands, has secured $375 million in growth capital from private equity giant Ares Management Corp. The transaction values the company at $1.6 billion, according to a statement reviewed by Bloomberg News. The investment will add significant cash to the retail operator’s balance sheet and spur its “next ...

BLOOMBERG A US probe into the 13,000-barrel oil spill on TC Energy’s Keystone pipeline is expected to cut into crude flows ahead of the summer driving season. Regulators ordered the company to reduce operating pressure along the entire Keystone system stretching from Hardisty, Canada, to Cushing, Oklahoma until further notice. The new restrictions will likely force the pipeline to curb ...

BLOOMBERG Vietnam is looking to purchase the country’s first liquefied natural gas shipment, the latest emerging nation to rekindle interest in the super-chilled fuel after a drop in prices. PetroVietnam Gas JSC is in discussions with suppliers about procuring an LNG shipment for this summer to the Thi Vai terminal, according to traders with knowledge of the matter. PV Gas, ...

BLOOMBERG In a world of finite land, solar farms can take up a lot of space. But there’s a solution for that scarcity: panels that float. In nearly a dozen countries around the world, floating solar farms are providing a welcome alternative to ground-mounted modules, with the potential to significantly boost clean power as the world races to cut carbon ...

BLOOMBERG Stocks tumbled and Treasuries rallied amid mounting concerns about the health of the US banking system. Nasdaq futures pared losses in early trading. Europe’s Stoxx 600 equity gauge dropped 1.7%, with an index of bank stocks sliding the most since June, led by a 7% plunge for Deutsche Bank AG. Credit Suisse Group AG shares tumbled to a record ...

BLOOMBERG Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating US regulatory crackdown on crypto combine to hurt  investor sentiment. The largest token fell as much 3.2% on Friday, breaking below $20,000 for the first time since January, after falling more than 8% on March 9. Smaller coins like ...

ABU DHABI / WAM Agthia Group has emphasised on its strategy to acquire and consolidate value accretive businesses while leveraging synergies and maintaining a profitable core. This came as the group announced results for the fiscal year ending on December 31 in a statement recently. According to the statement, the group’s gross profit increased 21% year-on-year to AED1.2 billion, with ...