Bloomberg American Airlines Group Inc will allow people who suffer from peanut and tree-nut allergies to board flights early so they can wipe down areas where they will sit to avoid potential exposure to allergens. The change will take effect December 12 when flight-service manuals are updated, American said in a filing with the US Transportation Department. Complaints over the ...
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UAE named 10th most dominant economic, political power globally
ABU DHABI / WAM The United Arab Emirates ranked 10th on the list of the world’s most dominant economic and political powers in 2018, according to the US News World Report, where US headed the list, followed by Russia, China, UK, Germany, France and Japan, respectively, with Saudi Arabia coming ninth. According to the report, the world’s most powerful countries ...
Read More »UAE stocks gain AED5bn
ABU DHABI / WAM UAE bourses kept their upward move for the second day running, ending Tuesday’s session in the green, and posting gains to the tune of AED5 billion, driven by upbeat sentiments across the banking and realty sectors where a select of blue chips were in a high demand. The positive mood left Abu Dhabi Securities Exchange General ...
Read More »US stocks climb as dollar slips amid midterm votes
Bloomberg US stocks climbed, with the biggest tech companies among the best performers, in relatively light volume as the US midterm elections got underway. The Nasdaq was the best performing major US gauge, with Apple, Amazon and Microsoft leading the way. The Stoxx Europe 600 Index slid a second day. Oil traded near the lowest level in seven months as ...
Read More »Indian stocks eke out gains ahead of holidays
Bloomberg Indian shares eked out gains ahead of holidays as crude oil resumed its decline, reducing the cost of the nation’s biggest import, and as profits at top 50 companies mostly matched or exceeded analyst estimates. The benchmark S&P BSE Sensex climbed 0.1 percent to 34,991.91 at the 3:30 pm close in Mumbai after fluctuating at least 10 times between ...
Read More »Africa enjoys an oil boom as drilling spreads in continent
Bloomberg Africa is finally seeing the benefits from the recovery in cru-de prices as companies ramp up drilling from Algeria to Namibia. The rigs are returning and wildcatters are getting excited again after a years-long hiatus during the oil-price slump. From majors like Total SA to independents like Tullow Oil Plc, companies are snapping up exploration rights and doing deals. ...
Read More »Exxon CEO says size doesn’t matter in M&A
Bloomberg The world’s biggest public energy company doesn’t worry about size when it comes to potential deal-making. The driver of any acquisition for Exxon Mobil Corp. isn’t the scope of the target, it’s whether the company finds more value in it than the market does, Darren Woods, chief executive officer of the Irving, Texas-based firm, said at the New Economy ...
Read More »Oil could touch $100 if supply crunch worsens: Citigroup
Bloomberg Oil prices are likely to be “biased to the upside†for the rest of the year as demand from refineries rises in November and December, according to Citigroup Inc. An average price of $80 a barrel for this quarter is “realistic,†with spikes to $90 or even $100 possible if further disruptions worsen a supply crunch amid rising consumption, ...
Read More »Office rents in world’s most expensive market seen falling next year
Bloomberg Rents in the world’s costliest office market, Hong Kong, may fall for the first time in four years as an equities rout weighs on sentiment in the financial hub. Grade-A office rents in Central and Admiralty will decline by about four percent in 2019, Colliers International Inc. said in a report. That compares with an estimated gain of 9 ...
Read More »China’s housing market shows signs of cooling
Bloomberg More signs have emerged that China’s housing market is cooling, with sales in the secondary market, land purchases by developers and contracted sales at the biggest builders all falling last month, as these three charts show. Sales of existing homes, which are quarantined from the government curbs on the new home market, last month plunged to a four-year low ...
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