Bloomberg Pop star Rihanna is joining LVMH to launch a fashion house under her Fenty brand, pairing the world’s largest luxury conglomerate with one of the biggest cultural influencers. The Paris-based label will make its debut this spring, selling ready-to-wear clothing, shoes and accessories, LVMH said in a statement confirming earlier reports on the plans to expand their partnership. The …

Bloomberg The most exclusive airline seats are becoming harder to find, with two South Korean carriers becoming the latest to eliminate first class on some of their flights. Korean Air Lines Co will do away with first-class seats on 27 routes starting from June 1, while Asiana Airlines Inc will no longer offer the products on any of its services …

Bloomberg Malaise in the shopping mall is certainly no secret, with thousands of stores shutting and some familiar names disappearing. Struggling women’s apparel merchant Chico’s FAS Inc now has a potential lifeline — which it may throw back. The retailer said it would review an unsolicited buyout bid from Sycamore Partners, the owner of office supply giant Staples Inc and …

Bloomberg US President Donald Trump said it would be wise for China to “act now” to finish a trade deal with the US, warning that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in 2020. “I think that China felt they were beaten so badly in the recent negotiation that …

Dubai / Emirates Business Amanat Holdings, GCC’s largest healthcare and education investment company, on Sunday announced its results for the first quarter ending on March 31. Amanat realised net profit of AED 20.7 million, a 43% increase compared with the same period in 2018. Total income increased to AED 35.4 million, up 30% compared with the same period in 2018, …

Bloomberg The 2020s are set to be the Asian decade, with the continent dominating an exclusive list of economies expected to sustain growth rates of around 7%. India, Bangladesh, Vietnam, Myanmar and the Philippines should all meet that benchmark, according to a research note on Sunday from Madhur Jha, Standard Chartered’s India-based head of thematic research, and Global Chief Economist …

Bloomberg A political brawl between British Columbia and Alberta over a stalled pipeline expansion is being blamed for handing Vancouver a somewhat dubious municipal distinction. The city recently recorded the highest retail gasoline price on record for a major North America metro, according to GasBuddy, a motor-fuel pricing website. The price hit almost $4.80 a gallon (C$1.70 a liter), a …

Bloomberg Exxon Mobil Corp. is suing two Cuban companies for $280 million, saying they benefited for decades from Exxon property seized after 1959 revolution. The suit was filed in US District Court in Washington, the first day American corporations were allowed to file after the Trump administration lifted a long-standing ban against such actions. The complaint names gov- ernment conglomerate …

Bloomberg Just as Petroleos Mexicanos’ bonds finally recovered from last year’s rout, a dismal earnings report sent them tumbling back down. Pemex said that its oil output declined 12 percent in the first quarter from a year ago, while its refineries operated at just 34 percent of capacity. In the next five days, yields on the company’s bonds maturing in …

Bloomberg All it took was two lunchtime tweets, sandwiched between posts complaining about the results of the Kentucky Derby and another gripe about “Angry Democrats,” for investors around the world to rip up their playbooks for 2019. What has replaced those playbooks now that US President Donald Trump has made good on his Twitter threats to boost tariffs on $200 …