Bloomberg An Indian court allowed Amazon.com Inc to oppose Future Group’s $3.4 billion asset sale to Mukesh Ambani’s conglomerate but left it to local regulators to decide on the deal, in a mixed ruling for the US giant fighting Asia’s richest man for dominance in one of the world’s largest retail markets. The Delhi High Court said on Monday it …

Bloomberg EasyJet Plc shares rose after the UK airline said it will defer the delivery of another 22 Airbus SE jets to conserve cash as the coronavirus crisis continues to depress travel demand. Europe’s second-largest discount carrier will postpone the handovers, which were due over a three-year period starting in October 2021, to the 2027-2028 period. The timing of 15 …

Bloomberg The pandemic aid package negotiated by Congressional leaders includes $15 billion to reinstate payroll reimbursements to airlines that expired two months ago, according to two people familiar with the legislation. The legislation is similar to provisions in an earlier pandemic aid package that expired on October 1, which barred layoffs and came with other restrictions. The tentative agreement also …

Bloomberg Nike Inc gained in late trading after second-quarter revenue and profit topped Wall Street’s expectations, bolstered by e-commerce sales and rebounding growth in China. Sales rose 8.9% to $11.2 billion in the quarter ended on November 30, the athleticwear company reported. Analysts had projected $10.6 billion. Earnings grew to 78 cents a share, compared with a 62-cent estimate. The …

Bloomberg A Federal Aviation Administration (FAA) test to gather data on returning the Boeing Co 737 Max to service was improperly influenced by the company, according to a US Senate investigative report. The 101-page report, based on a whistle-blower account, alleged that the FAA and Boeing officials were attempting to create “a pre-determined outcome” by essentially coaching pilots before testing …

Bloomberg Ireland’s Ryanair Holdings Plc has cancelled some UK domestic services after it said the country’s Civil Aviation Authority (CAA) imposed rules that made the operation of those flights impossible. The CAA said the rules weren’t new. The CAA said that it was incorrect for Ryanair to state that the authority has changed its policy at short notice, saying that …

Bloomberg In a year that saw a pandemic upend financial markets and economies around the globe, US companies and their largest shareholders raised a record $435 billion with stock sales. That’s far above the previous high of $279 billion set in 2014, according to data compiled by Bloomberg. The windfall shows how issuers have dramatically turned to capital markets amid …

Bloomberg Stocks rebounded in Europe after their biggest drop in almost two months as Brexit talks continued and the US Senate passed a spending bill. The Stoxx 600 Index was 0.6% higher at the open as cyclicals staged a comeback following an outbreak of a new variant of the virus and a slew of lockdowns and travel curbs to contain …

Bloomberg Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market. The European Commission, which wants to steer investors to socially and environmentally sustainable assets, is proposing that only buildings certified as super-energy efficient by national authorities be included in its taxonomy. Being excluded would make financing more expensive. But national energy …

Bloomberg Royal Dutch Shell Plc agreed to sell a minority stake at a liquefied natural gas export project in Australia to Global Infrastructure Partners (GIP) for $2.5 billion. The oil major will sell a 26.25% interest in the Queensland Curtis LNG Common Facilities in a deal that is expected to be completed in the first half of 2021, the company …