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February 26, 2017 Stocks
Bloomberg Aflac Inc., the largest seller of supplemental health insurance, has started betting on infrastructure debt at its US and Japan businesses. The insurer, which pushed into that asset class in the fourth quarter, invested $13 million in the debt last year at its Japan operation and $2 million at its US business, according to a regulatory filing. Aflac ...
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February 26, 2017 Aviation
Bloomberg ANA Holdings Inc.’s board is considering increasing its stake to a majority holding in Peach Aviation Ltd., a move that would give Japan’s largest airline a bigger foothold in the budget travel market. ANA plans to spend about 100 billion yen ($887 million) to boost its stake to more than 50 percent from about 39 percent, making budget ...
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February 26, 2017 Retail
Emirates Business 2XL, the leading French style Furniture and Home Décor brand in the UAE launched a new living room collection, Valeria, that transforms homes with its contemporary flare. This new addition to 2XL’s range of luxurious living room furniture collection feels as opulent as it looks with its high-quality, upholstered durable velvet fabric. Providing the utmost comfort, the ...
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February 26, 2017 Aviation
WARWICK / AP Low-cost carrier Norwegian Air Shuttle is promising to boost traffic at smaller airports on both sides of the Atlantic Ocean when it starts service to Europe this summer from Rhode Island, Connecticut and New York’s Hudson Valley. Norwegian announced that it’s opening new flight crew bases and plans to hire pilots and flight attendants at Rhode ...
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February 26, 2017 Aviation
Emirates Business Qantas revealed its next generation Premium Economy seat, which will debut on the airline’s fleet of Boeing 787-9 Dreamliners from October. Wider and with more functional space overall, the new seat has a unique recline motion that provides a class-leading level of comfort. When the rear of the seat reclines, several sections shift to support your body ...
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February 26, 2017 Aviation
Bloomberg BAE Systems Plc is seeking a new Eurofighter warplane order from Saudi Arabia after announcing a deal to support previous aircraft worth an estimated $10 billion. With the final four of 72 Eurofighter Typhoons already acquired by the kingdom due to be delivered this year, BAE is deepening efforts to secure a follow-on purchase, the London-based company said. ...
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February 26, 2017 Regional News
Bloomberg The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets. The highly-anticipated share sale has become emblematic of Saudi Arabia’s push to transform its economy and open its doors to more foreign capital. Whatever you think of the valuations involved — ...
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February 26, 2017 Regional News
Bloomberg Another week, another record for US crude exports. Producers and traders shipped out 1.21 million barrels a day of US crude in the week that ended February 17, the most in Energy Information Administration data going back to 1993. Domestic output increased to 9 million barrels per day last week, the fastest pace since April, while US refiners ...
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February 26, 2017 Energy
Bloomberg Iran is hard at work gaining a foothold in the global energy market, and it’s not letting US President Donald Trump’s confrontational tone stop it from trying. Political rhetoric is unlikely to turn into tangible impediments for Iran’s ambition to join Russia and Norway in the ranks of major gas exporters, according to Deputy Oil Minister Amir Hossein ...
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February 26, 2017 Energy
Bloomberg RWE AG, with some of its legacy coal plants dating back to the 1950s, is this year outperforming new green rivals that are supposed to be the future of the energy industry — as well as every other company on Germany’s main stock index. With investors brushing aside news of a scrapped dividend to most shareholders for a ...
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