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Cathay earmarks A321neo aircraft for China expansion

Bloomberg Cathay Pacific Airways Ltd intends to deploy Airbus SE A321neo planes scheduled for delivery starting 2020 on Chinese routes, part of a plan that will help the carrier manage costs while expanding and upgrading its network. Through the use of data technology and more fuel-efficient aircraft, Cathay has managed to increase its revenue per seat mile by about 7 ...

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L’Oreal Asian sales overtake Europe for first time

Bloomberg L’Oreal SA got more revenue from Asia than from western Europe for the first time last quarter as the region’s surging demand for luxury products continued to resist the drag of a slower Chinese economy. The shift for the maker of products like Maybelline mascara and Acqua di Gio Armani cologne is the latest example of how French companies ...

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Saudi firm to launch biggest IPO in 5 years

Bloomberg Fawaz Alhokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, may raise as much as $1 billion from the share sale of its malls unit in what would be the kingdom’s biggest initial public offering in five years. Arabian Centres Co. said Tuesday that it will sell 65 million existing shares and ...

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