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Delta not to pay US import duties on Bombardier jet

Bloomberg Delta Air Lines Inc. said it wouldn’t pay import duties on Bombardier Inc.’s marquee jetliner, which was socked in the last two weeks with 300 percent tariffs by the US Commerce Department. It’s possible Delta will delay deliveries of the C Series planes, which are scheduled to begin next year, Chief Executive Officer Ed Bastian said. The airline is ...

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Kroger surges as grocer eyes sale of convenience-store unit

Bloomberg Kroger Co., battered for months by intense grocery competition as Amazon.com Inc. muscles into the industry, has finally given investors cause for optimism. The supermarket giant kicked off its biggest rally in more than two years after saying it might sell its convenience-store business, an attempt to capitalise on a merger wave in that field. The operation, which spans ...

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Stock markets gain AED5.4 billion

ABU DHABI / WAM UAE stock markets secured decent gains of AED5.4 billion at the close of Wednesday session, driven by high sentiments and a selective buying spree at the realty, banking and telecommunications sectors, with ADX General Index up 0.96 percent to 4514 points and DFM General Index increasing 0.80 percent to close at 3637, as compared to Tuesday’s ...

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