Bloomberg Walmart Inc’s Asda reported its eighth consecutive quarter of growth after the US retail giant said that it was “seriously” considering an initial public offering for the UK grocer in the future. Asda delivered 0.5 percent like-for-like sales growth excluding petrol for the first quarter of 2019. Figures were adjusted to account for the later Easter date compared to …

Bloomberg Low-cost airlines, the pioneers of brief discomfort at bargain prices, have struggled to master long-haul flights. Now one of the world’s most successful budget carriers is considering cut-price business class seats as a way into the Europe-Asia market. India’s IndiGo is mapping out an ambitious long-distance network. The airline aims to start one-stop trips further into Europe within six …

Bloomberg Russia will join the Opec+ talks on Sunday having barely fulfilled its pledged production cuts, but keen to secure a share of any potential output increase. In recent months, Russia has indicated it would welcome a return to production growth, said analysts from Fitch Ratings Inc. and IHS Markit Inc. That’s back on the agenda after pledges by Saudi …

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) signed gold sponsorship agre-ement for two years with The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), Region-At-Large (RAL) for its activities being held in Africa, the Middle East, South Asia (India, Pakistan, Bangladesh and Sri Lanka), and Turkey. “Empower seeks to reduce emissions by encouraging investors and owners of …

Bloomberg It was a symbol of the swagger in London’s luxury home market: a mansion in the trendy Notting Hill neighborhood with a car elevator and a swimming pool that transforms into a ballroom at the touch of a button. But just over a year after Havona House was listed with great fanfare for 25 million pounds ($32.3 million), the …

Bloomberg US equity futures slipped on Wednesday alongside European stocks as the rebound in global shares struggled for momentum. Oil declined, while Treasuries advanced with German bonds. Contracts on the S&P 500, Dow and Nasdaq all swung from a gain to a loss, though Alibaba’s US-listed shares bucked the trend, rising in pre-market trading after beating estimates. The Stoxx Europe …

Bloomberg China’s stocks rose, as traders speculated Beijing will consider more measures to support the economy after data showed weaker-than-expected growth in April. The CSI 300 Index jumped 2.3% at the close, though volume in the gauge was about 35% lower than the 30-day average at this time of day, signalling little conviction in the gains. The offshore yuan was …

Bloomberg President Donald Trump called on the Federal Reserve to “match” what he said China would do to offset economic hardship being caused by tariffs as he sought to draft the US central bank into his simmering trade war. “China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for …

Bloomberg Federal Reserve officials are sticking with their pledge for patience on interest rates, shrugging off President Donald Trump’s escalating trade war and his pressure for a cut. New York Fed President John Williams and his Kansas City colleague Esther George, who vote on policy this year, acknowledged that new tariffs on Chinese imports could affect the outlook for US …

Bloomberg ING Groep NV and UniCredit SpA are lining up advisers to explore a potential takeover of Commerzbank AG after the German lender’s talks with Deutsche Bank AG broke down last month, according to people familiar with the matter. The Dutch bank is working informally with boutique investment bank Perella Weinberg Partners, while the Italian lender is working with JPMorgan …