Bloomberg Credit Suisse Group AG is seeking to grow its market share for a type of derivative that’s gaining favour among investors as a way to wager on corporate debt. The Swiss bank is ramping up its market-making operations for so-called total-return swaps tied to US bond and loan indexes, according to people familiar with the matter. The lender hired ...

Bloomberg Ryanair Holdings Plc warned that profit will slump for the first time in five years as rising labor costs compound a fuel-price surge that may force weaker competitors out of business. Net income could fall as much as 14 percent in the year through next March, Ryanair said. An increase in kerosene costs will pressure earnings in the short ...

Bloomberg Bangkok Airways Pcl will soon submit specifications for an order of 20 narrow-body planes to Airbus SE, Boeing Co. and Bombardier Inc., its President Puttipong Prasattong-Osoth said. The carrier, which currently has 12 Airbus 319s and nine Airbus 320s, will pick one manufacturer for the order by the end of the year, Puttipong said in an interview. “The good ...

Bloomberg Jet Airways India Ltd. is closing in on a new order for Boeing Co.’s 737 Max single-aisle plane that could take its commitments for the model above 200 aircraft. India’s biggest full-service airline is in talks over the purchase and may make an announcement in coming weeks, Chairman Naresh Goyal said. He didn’t specify how many planes the company ...

Bloomberg As an online grocer, Ocado Group Plc has always commanded a higher valuation than traditional retailers. But last week’s US deal puts its valuation multiples squarely in-line with Amazon.com Inc., and leagues away from the likes of Tesco Plc and J Sainsbury Plc. The company’s landmark technology-licensing deal with Kroger Co. sent the shares up 44 percent, squeezing short ...

Bloomberg Chinese actress Li Yuchun glides down the hallway of Cannes’ Hotel Martinez in a tuxedo-inspired Jean Paul Gaultier gown and blue-gray pixie haircut, with a pack of L’Oreal videographers trotting backward to stay out of the frame. After striking a few poses on the marble staircase, she heads for the red carpet. The footage is rushed to L’Oreal’s editing ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa) inaugurated a workshop, organised in cooperation with Intel Corporation, one of the largest multinational technology companies in the world. The workshop focussed on available applications to use artificial intelligence (AI) and the use of its innovative technologies in Dewa’s workplace. Organised at the ...

Bloomberg China will “significantly increase purchases” of US goods, the White House said as Beijing’s special envoy at talks in Washington declared a trade war has been averted between the world’s two largest economies. A joint statement released by the White House following the talks didn’t place a dollar figure on the increased purchases by China, or address a comment ...

DUBAI / Emirates Business UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides has revealed plans for its first mixed-use development in Jumeirah Lakes Towers (JLT), in Dubai, with the launch of SE7EN CITY JLT. The project, valued at AED1.3 billion ($350 million), consisting of 2,635 units, is already 15% complete and due for completion within 36 months. The ...

DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) located in Dubai and mandated to develop the small and medium enterprise (SME) sector, announced the licencing of the first business incubator in Dubai, following the introduction of the ‘Incubators and Business Accelerators’ regulations. The regulations were introduced to ensure necessary guidance and mentoring support to ...