Bloomberg China’s airlines, rushing to pare dollar debt as a weakening yuan adds to servicing costs, are selling local-currency bonds at the fastest pace since 2009 to trim their exposure to the greenback. The nation’s carriers, led by China Eastern Airlines Corp., have sold a combined 106.3 billion yuan ($16 billion) of bonds in the first seven months of ...

  Bloomberg Deutsche Lufthansa AG’s average ticket prices fell in the second quarter as a drop in demand stemming from terrorist attacks in Europe was met by too much seating across the airline industry. Yields excluding currency fluctuations, a measure of average fares, declined 0.8 percent in the second quarter, the German carrier said Tuesday. That caused unit revenue, the ...

  Bloomberg IndiGo, the biggest customer for Airbus Group SE’s A320neo jets, is considering slowing deliveries of the single-aisle aircraft to give supplier Pratt & Whitney more time to make improvements to the model’s engines. Shares fell in Mumbai. The Indian carrier may seek the delivery slowdown “to allow Pratt & Whitney to catch up on the production of upgraded ...

  Bloomberg Southwest Airlines Co. pilots called for the replacement of Chief Executive Officer Gary Kelly, saying a nationwide computer outage that grounded the carrier last month capped a list of problems caused by a “misguided focus” on cost control and stock performance. “We can no longer sit idly by and watch poor decision after poor decision deeply affect our ...

  Bloomberg Allianz SE completed a deal to acquire a stake of 10 Hudson Yards that values the skyscraper on Manhattan’s far west side at $2.15 billion, marking one of the city’s largest real estate transactions this year. A New York-based unit of Europe’s largest insurer contributed about $420 million in cash, and was part of a group that took ...

  Bloomberg UK construction shrank the most since the financial crisis in July, with companies citing uncertainty related to Brexit for the continued weakness. Markit Economics said its Purchasing Managers Index for construction activity slipped to 45.9 from 46 in June. That’s the lowest since June 2009, when the economy was last in a recession. All three sectors — housing, ...

  Bloomberg Vonovia SE — Germany’s biggest residential landlord — raised its full-year earnings forecast for a second time, citing efficiency created by a string of acquisitions. Funds from operations excluding sales, a measure of a real estate company’s ability to generate cash, will be as much as 760 million euros ($848 million) this year, compared with a previous forecast ...

  AFP US construction spending fell for a third straight month in June with spending on nonresidential construction dropping by the largest amount in six months. Construction spending fell 0.6 percent in June following declines of 0.1 percent in May and 2.9 percent in April, the Commerce Department reported Monday. Nonresidential construction declined 1.3 percent, the biggest setback since December, ...

  Bloomberg Nintendo Co. appears to be benefiting from Pokemon Go after all, just not in the way investors had originally thought. The Kyoto-based company said last month it didn’t expect the app’s runaway success to have much direct effect on profits, but Pokemon Go seems to be casting a halo that is helping Nintendo’s other businesses. Shipments of Pokemon ...

  AFP Instagram said that is adding a new weapon for fighting harassment at the popular mobile app for sharing pictures and videos. The Facebook-owned social network began letting some celebrities and others with accounts that attract torrents of feedback filter those comments by keywords or even turn off the option to comment on particular posts. “Our goal is to ...