Bloomberg Naturgy Energy Group SA’s board said that IFM Global Infrastructure’s 4.9 billion-euro ($5.8 billion) bid for almost a quarter of the Spanish utility is “reasonable.” “From a purely financial point of view and in the current circumstances, the price of the offer is reasonable,” the company said in a regulatory filing. IFM initially offered 23 euros a share for …

Bloomberg Emerging-market bond sales are springing back to life before this week’s Federal Reserve meeting, as renewed speculation over imminent tapering prompts borrowers to raise money while it’s still cheap. The past week shattered a summer lull for dollar- and euro-denominated debt, bringing $36 billion of issuance from governments and companies after the previous 10 weeks saw only $90 billion …

Bloomberg Stocks in Europe plunged and US equity futures declined at the start of a week abounding with risks including spillover from China Evergrande Group’s debt woes, falling commodity prices and the Federal Reserve policy meeting. The Stoxx Europe 600 index dropped 1.6%, on track for the biggest decline in two months. Raw materials led the broad-based retreat as iron …

MORONI / WAM The Emirates Red Crescent (ERC) inaugurated several development projects to support the victims of Tropical Cyclone Kenneth that struck the Comoros Islands three years ago. Some 280,000 people will benefit from the projects, which aim to support the health and education sectors by reinforcing their capacities and improving their services. The projects include the construction and maintenance …

Bloomberg South Africa’s largest clothing retailer sees a successful Covid-19 vaccination rollout as key to reopening the economy and adding new stores, helping to address the world’s highest unemployment rate. “If we get people vaccinated, the economy can normalise quickly,” Pepkor Holdings Ltd CEO Leon Lourens said in an interview. “If the economy normalises, we can create jobs.” The government …

Bloomberg Colombia plans to start the bidding process for the construction and modernisation of three airports in the fourth quarter as part of a larger $13 billion infrastructure plan. The expansion of the capacity of the airport that serves Cali, the nation’s third-largest city, as well as those of Buenaventura and Neiva, in western Colombia, have an estimated cost of …

Bloomberg American Airlines Group Inc signed a letter of intent to invest $200 million in Gol Linhas Aereas Inteligentes SA for a 5.2% stake in the Brazilian carrier under a three-year deal that would expand commercial cooperation, establish an exclusive codeshare and link loyalty programs. The two will work together in areas including purchasing, sales tools and systems integration as …

Bloomberg Travel companies are set for the busiest weekend of the year as holiday bookings surged following the UK government’s announcement that it would ease travel curbs for the fully vaccinated. Transport Secretary Grant Shapps said the current traffic light system of red, amber and green countries would be scrapped for England from October 4 and replaced by a simplified …

Bloomberg An Air France-KLM flight made an emergency landing shortly after taking off from Beijing after the Boeing Co 777 aircraft suffered a technical failure and smoke filled the cabin. The flight, destined for Paris-Charles de Gaulle airport, returned to Beijing airport 14 minutes after departure, the carrier said in a statement. Passengers reported hearing a loud bang before black …

Bloomberg US retail sales rose unexpectedly in August as a pickup in purchases across most categories more than offset weakness at auto dealers, showing resilient consumer demand for merchandise. The value of overall retail purchases climbed 0.7% last month following a downwardly revised 1.8% decrease in July, Commerce Department figures showed. Excluding autos, sales advanced 1.8% in August, the largest …