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January 30, 2019 Stocks
Bloomberg Foreign investors are piling into Chinese stocks after a dismal 2018 for the country’s equity market. They’ve bought 52 billion yuan ($7.8 billion) of A shares via trading connects in Shanghai and Shenzhen this January, putting it on course to be the biggest month for inflows since the second exchange link with Hong Kong opened in late 2016, Bloomberg …
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January 30, 2019 Retail
Bloomberg FedEx Corp, looking beyond Amazon.com Inc for growth in e-commerce, is introducing a new late-night shipping option for retailers who want to speedily send orders directly to online customers. The program will offer retailers the option to deliver items the next day when they are purchased online as late as midnight, said Brie Carere, FedEx’s chief marketing officer. Less …
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January 30, 2019 Aviation
Bloomberg The 35-day partial government shutdown could spur early retirements among the already thin ranks of air traffic controllers and may postpone adoption of critical satellite-based aircraft navigation, a union official warned. It will take years to recover from the disruptions that resulted from people being kept off the job while safety-critical employees like controllers had to work without pay, …
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January 30, 2019 Retail
Bloomberg Shoprite Holdings Ltd shares slumped the most since 1999 after Africa’s biggest grocer said first-half earnings dropped as much as 26 percent, with South African food deflation and IT troubles compounding weakness in the rest of the continent. Headline earnings per share declined between 16 percent and 26 percent to as little as 3.89 rand, the Cape Town-based supermarket …
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January 30, 2019 Aviation
Bloomberg United Continental Holdings Inc. is dropping the fee to watch DirecTV live television and films on jets equipped with the service. Free television will now be available on 211 of United’s Boeing Co. single-aisle 737s, United said in a statement on Wednesday. Like most of its rivals, the airline also offers free streamed content across its fleet even as …
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January 30, 2019 Aviation
Bloomberg Boeing Co. executives are closing in on one of their most important decisions of the decade: whether to plow an estimated $15 billion into a new jetliner family. The aircraft nicknamed the 797 would feature Boeing’s first all-new design since the 787 Dreamliner’s unveiling in 2004, while shoring up its product line against recent Airbus SE advances. The European …
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January 30, 2019 Energy
Bloomberg Chancellor Angela Merkel’s government is set to hold more auctions for offshore wind power, plugging a current gap in tenders for the next three years that the industry has said would harm turbine makers and hamper green targets. Germany will probably add about 5 gigawatts in capacity in the coming years, bringing the total capacity envisaged by the end …
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January 30, 2019 Regional News
Bloomberg TransCanada Corp. hired RBC Capital Markets LLC to sell a stake in the Coastal GasLink project, which would supply a Royal Dutch Shell Plc-led gas-export terminal, as the pipeline faces mounting opposition. If TransCanada moves forward with the sale, joint venture partners in the C$6.2 billion ($4.7 billion) project could end up owning as much as 75 percent of …
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January 30, 2019 Banking
Bloomberg Societe Generale SA is making a last-ditch effort to boost its performance after a trading slump threatened Chief Executive Officer Frederic Oudea’s targets. The French bank — recovering from regulatory probes that cost it billions of euros and a management reshuffle — plans to cut jobs in less profitable investment banking businesses to save at least 100 million euros …
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January 30, 2019 Banking
Bloomberg The head of Swedbank’s Estonian unit Robert Kitt is among three nominees who are in the running to replace central bank chief Ardo Hansson as the Baltic nation’s voting member on the European Central Bank’s Governing Council. The nominees, listed by the central bank’s eight-member supervisory board, also include deputy Governor Madis Muller and senior Finance Ministry official Marten …
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