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HNA’s airline unit scraps bond sale

Bloomberg Chinese conglomerate HNA Group Co.’s flagship carrier cancelled a planned bond sale after weeks of soaring interest rates that had forced the debt-laden group’s units to pay some of their highest borrowing costs ever. Hainan Airlines Holding Co. had planned to sell $151.2 million of the perpetual securities in China’s local market to repay maturing debt, according to a ...

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Christmas becomes inventory war game for US fashion brands

Bloomberg Michael Kors Holdings Ltd., Ralph Lauren Corp. and other fashion brands are locked in a high-stakes contest this Christmas. But the winner won’t be the company that sells the most—it’ll be the one that winds up with the least amount of unwanted merchandise. After years of struggling to manage their inventory, brands are using increasingly sophisticated tools to track ...

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Mideast homeland security market to hit $20bn by ’22

Dubai / Emirates Business Countries in the Middle East region continue to remain significant markets for the latest homeland security and policing equipment and solutions, as governments prioritise the maintenance of a safe and secure society. This continued trend is evident as the 20th edition of Intersec expects more than 100 of the 1,300-plus exhibitors to showcase their frontline range ...

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