Bloomberg Mario Draghi is once again testing the boundaries of the law in his efforts to lift the euro zone out of its economic malaise. When the European Central Bank president promised last week to add monetary stimulus if the outlook doesn’t improve, he said one option is to resume large-scale purchases of government bonds. He also said self-imposed limits ...

Bloomberg The Bank of Thailand left its benchmark interest rate unchanged for a fourth straight meeting, while at the same time downgrading its economic growth outlook and raising concerns about the strong currency. The Monetary Policy Committee voted unanimously to hold its key rate at 1.75 percent, the central bank said in a statement, in line with almost all of ...

Bloomberg Bombardier Inc is selling its regional-jet business to Mitsubishi Heavy Industries Ltd, ending the Canadian company’s foray into commercial aircraft after more than three decades. Mitsubishi agreed to pay $550 million for the maintenance, support, marketing and sales operations of the aging CRJ programme, the companies said. The Tokyo-based manufacturer, which is developing the first Japanese-built airliner since the ...

Bloomberg Walmart Inc is re-listing its Japanese supermarket chain Seiyu after struggling to find a buyer for the unit, following a decade-long battle to compete with bigger local rivals. The US retailer will keep its majority stake in Seiyu after the listing, Walmart’s international division head Judith McKenna said in a statement. The company also announced a mid-term business plan ...

Bloomberg The popularity of Beyond Meat Inc’s plant-based protein offerings isn’t just a threat for meat producers. Such meat-free alternatives and consumer trends shunning animal protein could also hurt demand at agricultural chemical makers and fertiliser companies, according to Alliance Bernstein. Nearly 60 percent of the world’s corn and 90 percent of the soy goes into animal feed, analyst Gunther ...

Bloomberg Alibaba Group Holding Ltd has set up a new website to double the number of global brands on its flagship online mall, taking an important step towards fulfilling its global ambitions. The e-commerce giant began offering an English-language portal on Tmall for the first time to entice more merchants from around the world to sell to Chinese consumers. Alibaba ...

Bloomberg Shopify Inc’s biggest drop of 2019 shows the e-commerce stock is testing the limits of what investors are willing to pay for rapid revenue growth. The shares fell 8.9 percent in New York on Tuesday, their biggest drop since December 14, after more than doubling from the start of the year. That run-up created more than $25 billion in ...

Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE national railway, has approved the award agreement for civil and track works of Packages B and C for Stage Two of the UAE national railway network connecting Abu Dhabi and Dubai, during a board meeting, chaired by HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman ...

ABU DHABI / WAM The Abu Dhabi Government, under the directives of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has reinforced its commitment to the private sector’s development, launching nine new initiatives. At the Abu Dhabi Government Private Sector forum attended by HH Sheikh Khalid bin ...

Bloomberg Saudi Arabian Oil Co. has the experience and infrastructure it needs to keep crude flowing should supply through the Strait of Hormuz be disrupted, according to the chief executive officer of the state-run producer. “We are increasing our readiness,” Amin Nasser said in an interview in Seoul on Tuesday. “We can supply through the Red Sea and we have ...