Bloomberg Alibaba Group Holding and partners are investing $400 million in Vietnamese conglomerate Masan Group’s retail arm, a deal that will expand the Chinese e-commerce giant’s online groceries business in Southeast Asia. Alibaba and Baring Private Equity Asia are leading a consortium that will take a 5.5% stake in The CrownX, which holds Masan’s interests in Masan Consumer Holdings and …

Bloomberg Magnit PJSC, Russia’s largest grocery chain, plans to acquire Dixy Holding Ltd convenience-store network in a 92.4 billion ruble ($1.25 billion) deal, a move that will boost its presence in Moscow and St Petersburg. The price may be adjusted on net debt and net working capital changes as of the closing date, according to a statement. Pending regulatory approval, …

Bloomberg For almost a year, Josh Scullion has been chasing the sunshine. The 32-year-old bank worker from Teesside, England, originally booked a package holiday to Mexico in July 2020 with his fiancee and their newborn daughter. That trip was cancelled by tour operator TUI due to a coronavirus flare-up at the destination. A rescheduled Christmas break in the Canary Islands …

Bloomberg Rolls-Royce Holdings Plc said it’s holding discussions with Boeing Co about a new aircraft program, lending more weight to rumblings that the US planemaker is stepping up work on all-new model that would plug a gap in its lineup. “It is fairly well documented that Boeing is exploring the opportunity for a new aircraft,” Rolls CEO Warren East said. …

Bloomberg JetBlue Airways named Ursula Hurley, its head of treasury and investor relations, as acting chief financial officer after the resignation of Steve Priest, who’s taking the same post at EBay Inc. Priest’s departure is effective from June 11, the New York-based airline said in a statement. He’ll start at EBay on June 21, according to the online retailer. The …

Bloomberg Burberry Group Plc’s sales remained below 2019 levels despite a quarterly jump, showing the British brand is trailing some luxury peers in recovering from the pandemic. The shares fell as much as 10%. Comparable store sales in the three months through March soared 32%, the company said in a statement. That was in line with its own forecast. Revenue …

Bloomberg Stocks and US futures rise on Tuesday as optimism that economic re-openings will boost growth outweighed concern about a pick-up in virus cases in parts of Asia. The dollar dipped and oil rises. The Stoxx Europe 600 Index climbed back towards a record reached last week, while contracts on the Nasdaq 100 Index led gains in US futures after …

Bloomberg The Tokyo Stock Exchange is considering expanding trading hours for cash equities in a move designed to attract retail investors and foreign traders, the Nikkei newspaper reported, without citing anyone. The bourse, which ends trading at 3 pm Tokyo time, is considering expanding hours into the afternoon or evening in a change that could be in time for a …

Bloomberg Oil drifted lower as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia. Futures in New York slipped near $65 a barrel while Brent fell towards $68 in London as the dollar nudged higher. Chinese refiners have churned through record volumes of crude so far this year, but …

Bloomberg Ryanair Holdings Plc posted a record annual loss, while saying it’s likely to break even this year as vaccination programs allow a gradual easing of coronavirus travel curbs. Bookings have increased significantly in recent weeks, pointing to a strong recovery in the second half, although forward visibility remains “close to zero,” the Irish company said in a statement on …