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Myanmar tourism stock rises 48% in S’pore debut

Bloomberg Thousands of tourists have floated in a hot-air balloon over Myanmar’s historic Bagan plains dotted with more than 2,200 ancient Buddhist temples, pagodas and monasteries. Chances are they rode one of Memories Group Ltd.’s inflatables. The company, the largest operator of balloons in the area, rose 48 percent above its placement price in its debut session on the Singapore ...

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Takata recalls 3.3 million air bags under US order

Bloomberg Takata Corp., the parts supplier that filed for bankruptcy after sparking the largest auto recall in history, called back 3.3 million air bags as part of a US order that scheduled repairs of the potentially deadly devices over several years. The supplier identified at least 15 automakers that purchased the air bags, including Toyota Motor Corp., Honda Motor Co., ...

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US urges UK to cut EU rules after Brexit for trade

Bloomberg The US wants Britain to cut European Union regulations after Brexit to boost the chances of striking a free-trade deal between the two countries. If Prime Minister Theresa May ditches some EU rules on farming and food processing, “there is a much greater opportunity for trade between the UK and US,” according to Ted McKinney, undersecretary for trade at ...

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