Bloomberg Cerberus Capital Management is among parties holding talks to acquire a stake in Swissport Group as embattled Chinese conglomerate HNA Group Co. weighs options for the airport luggage handler, people with knowledge of the matter said. HNA is working with advisers to explore possibilities for Swissport including the sale of a majority stake in the business, according to the …

Bloomberg Holly Golightly take cover: Tiffany & Co. is renovating its 10-floor New York City flagship store on Fifth Avenue. The jeweller plans to spend as much as 2 percent of its worldwide net sales on the renovation over the next three fiscal years, which could peg the total cost at as much as $250 million, according to Bloomberg calculations …

Dubai / Emirates Business Emaar Properties recorded revenue for first half of 2018 of AED11.474 billion ($3.124 billion), 46 percent higher than H1 2017 revenue of AED7.866 billion ($2.142 billion), led by strong construction progress and growth in malls business. Emaar’s net profit grew by 18 percent to AED3.344 billion ($910 million), prior to considering the effect of IPO of …

Bloomberg India’s trade deficit in July widened to the most in more than five years, worsening the outlook for the rupee that hit a record low after a Turkish lira-led sell-off in emerging-market currencies. The trade deficit — gap between exports and imports — was $18 billion in July, fanned by a higher oil import bill, data released by India’s …

ZANZIBAR / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, headed a UAE delegation to Zanzibar where discussions were held surrounding the enhancing of bilateral relations and cooperation. During the visit, Al Hashemy reaffirmed the UAE’s foreign policy to strengthen bilateral ties and build bridges of cooperation with the African continent based on the principles of …

Dubai / Emirates Business Dubai Properties, a member of Dubai Holding, has completed the installment of energy-saving systems in its communities that will offset an estimated 1,450 tonnes of CO2 emissions annually. The master developer enlisted Honeywell, the Fortune 100 software-industrial company, and Signify (formerly known as Phillips Lighting), the world leader in lighting, to carry out energy efficiency upgrades …

Bloomberg Ensign Energy Services Inc. went hostile with a roughly C$470 million ($358 million) cash bid for Trinidad Drilling Ltd. after objecting to the terms of a confidentiality agreement the rival oilfield-service company wanted it to sign to engage in negotiations. Trinidad’s demand for “a lengthy standstill provision” wasn’t in the best interest of shareholders, Calgary-based Ensign said. Standstill agreements …

Bloomberg Saudi Aramco, Air Products and ACWA Power said that they had signed a deal to form an $8 billion gasification and power joint venture in Saudi Arabia. The new entity, which will be located in the kingdom’s Jazan Economic City, will purchase gasification assets, power block and associated utilities from state-owned Aramco for about $8 billion, the companies said …

Bloomberg Careem Networks FZ, the Middle Eastern ride-hailing provider, is testing a bus-booking service ahead of a possible roll-out out across all 14 countries it operates in. Careem Bus — a division aimed at attracting low-income earners — will initially go live in at least four Egyptian cities, and is expected to be rolled out in September, according to people …

Bloomberg US stocks halted the longest slide since March and the dollar was little changed after hitting a 14-month high as global markets steadied in the wake of Monday’s Turkey-induced turmoil. Crude climbed with gold and Treasuries fell. The S&P 500 Index advanced for the first time in five days amid thin summer trading. Small-cap shares were particularly strong, with …