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Airlines resume their services to Hong Kong as typhoon moves on

Bloomberg Cathay Pacific Airways Ltd. and some other airlines resumed services to Hong Kong, a city that was battered over the weekend by a powerful typhoon, forcing the cancellation of almost 900 flights. The city’s flag carrier reported on its website “a gradual return to scheduled flight operations” starting from Monday morning. The Hong Kong International Airport said that passengers ...

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H&M sales beat estimates as it boosted discounts

Bloomberg Hennes & Mauritz AB shares rose the most in 16 years after the ailing Swedish fashion retailer reported sales growth that took analysts by surprise, boosting optimism the H&M chain may have turned the corner. The stock surged as much as 11 percent on Monday, adding $2 billion to the market value of the Stockholm-based retailer. H&M reported third-quarter ...

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Jet-leasing unit of GE to draw sale interest from GIC

Bloomberg Singapore’s sovereign wealth fund has expressed interest in buying General Electric Co.’s plane-leasing unit, said people with knowledge of the matter. At a meeting between GIC Pte. and GE officials in August, fund executives asked whether the Boston-based company would consider selling all or a part of GE Capital Aviation Services, said the people, who asked not to be ...

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