Bloomberg Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospects. Shell has applied to take a stake in a license owned by OK Energy, located in deep waters off South Africa’s west coast, according to …

Bloomberg Total SA, the only oil major exploring for crude in the Democratic Republic of Congo, indicated it’s pulling out of a block in the central African nation, one of its partners said. The French company has been searching for oil in Block 3 in eastern Congo since March 2011. Its license for the field, near the border with Uganda, …

Bloomberg Airlines are calling on aviation regulators worldwide to work together to get Boeing Co’s grounded 737 Max back in the skies and to prevent the regulatory response from splintering and slowing the jet’s return. As aviation bosses met in South Korea for their biggest gathering since the two 737 Max disasters, Ed Bastian, chief executive officer of Delta Air …

Bloomberg For Embraer Commercial, the escalating rift between the US and China is making things difficult. That’s because the commercial plane-making unit of Embraer SA counts China as its biggest market and is in the process of being taken over by the US’s top exporter, Boeing Co. The unit, which will be renamed Boeing Brasil Commercial, is seeking antitrust approval …

Seoul / Emirates Business The International Air Transport Association (IATA) announced that KLM Royal Dutch Airlines will host the 76th IATA Annual General Meeting (AGM) and World Air Transport Summit in Amsterdam, the Netherlands, from June 22-23, 2020. This will be the third time that the Netherlands will host the global gathering of aviation’s top leaders (Following events held in …

Bloomberg President Donald Trump’s trade war with China is creating a mess on both sides of the Pacific Ocean for American fashion labels Tommy Hilfiger and Calvin Klein. PVH Corp, the parent company of both brands, plunged the most in a decade after reporting that the escalating battle is causing anxious American and Chinese shoppers to buy less. “Tariffs and …

Bloomberg Airline entrepreneur David Neeleman said he’d be at the front of the line for a proposed new longer-range Airbus SE jetliner if it’s launched at next month’s Paris Air Show, as widely expected. “We’d definitely be interested in that airplane,” Neeleman said of the Airbus A321XLR, which wouldn’t start deliveries until 2023. “I wish it was coming sooner,” he …

Bloomberg India’s economic soft patch has put Asia’s most dovish central bank on notice, yet again. Growth cooled to 5.8 percent in the first three months of the year, the slowest pace in several quarters, according to a government report. That took the expansion in the fiscal year to March 2019 to 6.8 percent, lower than the 6.9 percent median …

Bloomberg Federal Reserve watchers said the central bank will abandon its patient policy stance and cut interest rates in coming months as President Donald Trump’s planned new tariffs on Mexican goods may drag down US economic growth. JPMorgan Chase & Co. chief US economist Michael Feroli now projects quarter-point rate reductions in September and December, while Barclays Plc’s Michael Gapen …

Bloomberg Betting on overreaction — assuming that stocks move too far on new information and will reverse course — is more successful in China than any other market, according to quantitative strategists at Morgan Stanley. Reversals of the trend seen during the previous few months tend to beat momentum trading, analysts including head of Asia quantitative research Yinan Zhang wrote …