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Amazon investment boosts India’s Shoppers Stop stock

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Bloomberg Shoppers Stop Ltd.’s shares surged as much as 20 percent after forging a deal with Amazon.com Inc. that will help the Indian retailer boost revenue and add 25 percent more stores. Shoppers Stop will raise $28 million selling a 5 percent stake to Amazon.Com NV Investment Holdings LLC, the Mumbai-based company said. It also agreed with Amazon’s local unit ...

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Risky roads a boon for small airlines in war-ravaged South Sudan

Kenya airways celebrates its 40th anniversary

Bloomberg Ayaak Deng’s first-ever flight let her skip over a hundred miles of bloodily contested South Sudan and visit family she hadn’t seen in a year. It’s the kind of trip that’s revitalising small airlines that initially struggled because of the almost four-year civil war. The airport in the capital, Juba, has recorded about 1,000 domestic passengers a day this ...

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Saudi Arabia hires banks for third international bond

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Bloomberg / Reuters Saudi Arabia will hold calls with fixed-income investors starting Monday as the world’s biggest oil exporter seeks to sell dollar bonds for the second time this year. The kingdom mandated Goldman Sachs Group Inc., GIB Capital, HSBC Holdings Plc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc. as joint lead managers and bookrunners to organize ...

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