BLOOMBERG Party City Holdco Inc’s bankrupt balloon-manufacturing affiliate, Anagram Holdings, is close to striking an agreement with the retail chain and won court permission to sell the unit to lenders. Anagram lawyer Nicholas Baker said during a court hearing that the firm is optimistic it will be able to finalise the settlement with its parent company in the coming days. ...

BLOOMBERG General Mills Inc cut its organic-sales-growth outlook after slower-than-expected volume recovery and cautious consumer behaviour lowered expectations for the full year. “We’re seeing consumers continue to display stronger-than-anticipated value-seeking behaviors across our key markets, and this dynamic is delaying volume recovery in our categories,” Chief Executive Officer Jeff Harmening said in prepared remarks. The company has also faced stiffer ...

BLOOMBERG China has signed off on the first direct delivery of a Boeing Co 787 jet in four years, an indication strained US-China trade relations may be easing and a potential precursor to the more significant resumption of 737 Max deliveries. Juneyao Airlines Co, one of China’s largest privately owned carriers, took delivery of its newest 787 Dreamliner, in a ...

ABU DHABI / WAM The Transition Investment Lab (TIL) has officially joined Stern at NYU Abu Dhabi, further strengthening the one-year full-time MBA Programme’s offerings and expertise in the field of impact investing and global finance related to sustainability. TIL is a centre of excellence and knowledge hub for impact finance and sustainability research, with special reference to sovereign wealth ...

ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) announced that it has successfully completed the first ever Atmospheric Research Expedition in the Arabian Gulf onboard its state-of-the-art marine research vessel — Jaywun. The agency was the first organisation in the world to conduct atmospheric research from Spain to Abu Dhabi, which covered 25 countries and eight seas ...

ABU DHABI / AD MEDIA OFFICE Under the patronage of the Presidential Court, Majalis Abu Dhabi has hosted a group wedding at Majlis Al Markhaniya. The ceremony, which took place as part of a series of group weddings, aimed to enhance family stability and community cohesion in Abu Dhabi. The group wedding participants included People of Determination, as part of Zayed ...

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah, and Chairman of the Sharjah Executive Council (SEC), chaired, on Tuesday, the meeting of the SEC, in the presence of HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Vice Chairman of the Sharjah Executive Council, held ...

BLOOMBERG One of the world’s biggest share market rallies this year in Japan may be extended if foreign investors become even more bullish in 2024. The Topix index and the Nikkei 225 Stock Average both touched 33-year highs and rose more than 20% so far for 2023, beating most equity benchmarks in the rest of Asia. Gauges that track Japanese ...

BLOOMBERG US equity futures edged higher while the dollar extended losses as trading resumed after the Christmas holiday amid investor expectations for earlier and deep interest rate cuts next year. Stocks in Asia were mixed in a thin trading session with markets including Hong Kong, New Zealand and Australia shut. Emerging Asian currencies rose, with South Korea’s won and Taiwan ...

DUBAI/ WAM Hatta, Dubai’s captivating mountain town, has been rising in global and regional profile over the last few years as a prominent travel destination. Often referred to as the ‘Highlands of Dubai’, Hatta has transformed into one of the Middle East’s most enchanting cultural, entertainment and adventure tourism hubs offering a unique mix of thrilling outdoor activities, rich historical ...