Bloomberg 74-year-old Ng Kok Song has built one of Singapore’s fastest-growing investment companies with plans to make it a global player. Avanda Investment Management’s assets have more than doubled to around $10 billion since it was co-founded by Ng in mid-2015 — soon after he retired from sovereign wealth giant GIC as its chief investment officer following a 42-year …

  Bloomberg Air France-KLM plans to cautiously ramp up capacity in coming months as the latest coronavirus wave fades, while exploring new ways to raise funds to pay back a government pandemic bailout. The struggling carrier forecast network capacity of 73% to 78% of 2019 levels during the first three months of this year, according to a statement. That would …

  Bloomberg Australian airline Rex laid out ambitious plans to increase the number of jets taking on Qantas Airways Ltd on the country’s busiest routes, saying the worst of the fallout from the pandemic appears to be over. Regional Express Holdings Ltd, as the airline is officially called, last year started a domestic business flying popular legs including Melbourne-Sydney and …

  Bloomberg AerCap Holdings NV, the world’s largest aircraft leasing firm, is “very optimistic” people will travel in large numbers once borders open up and believes that will apply equally to Southeast Asia, which is currently lagging the rest of the world, according to Chief Executive Officer Gus Kelly. Travel in the US is already back to around 80% of …

  Bloomberg Royal Ahold Delhaize NV’s stock dropped after the Stop & Shop owner said it expects lower earnings per share this fiscal year as inflation weighs on consumers and the industry grapples with continued supply chain disruption. The retailer said it expects underlying earnings per share to decline by low- to mid-single-digits this year. The shares dropped as much …

  Bloomberg Cathay Pacific Airways Ltd expects to continue operating at about 2% of pre-pandemic passenger capacity as long as Hong Kong, battling a rapidly worsening Covid-19 outbreak, keeps virus restrictions in place. Hong Kong’s main airline, which relies solely on international travel, carried 24,699 passengers in January, down 99.2% from the same month in 2019, prior to the pandemic. …

  Bloomberg Vietnam will lift most restrictions on international travellers arriving in the country beginning from March 15, according to a post on the government’s website. International tourists must have proof of being vaccinated or recovery from Covid-19 with a negative test result ahead of departure under the current plan, the website reported. They would be required purchase Covid-19 medical …

  Bloomberg Kering SA shares rose the most since 2020 after sales at Gucci, the luxury group’s biggest brand, blew past pre-pandemic levels on demand for its latest collection. A 32% jump in comparable revenue at Gucci during the fourth quarter was almost twice the increase analysts expected. The stock rose as much as 7.9%. Kering’s results provide more evidence …

  Bloomberg Standard Chartered Plc (StanChart) will hand back $750 million through a share buyback despite missing estimates, as the bank looks to cost cuts and higher interest rates to boost returns. Adjusted pretax profits for 2021 rose 55% to $3.9 billion, missing a company-compiled estimate of $4.3 billion, dragged down by a $300 million writedown on its investment in …

  Bloomberg Royal Bank of Canada (RBC) shareholders will vote on whether the bank should tighten its standards for sustainable finance, action inspired by a 2021 pipeline financing deal that was criticised for green-washing and general concern over lax standards for so-called sustainability-linked debt. Investors for Paris Compliance, a shareholder advocacy group set up last year to hold Canadian companies …