April, 2016

• 18 April

  Qantas plunges as it slashes domestic expansion plans

  

    Bloomberg Qantas Airways Ltd. fell the most in more than two years after Australia’s largest carrier cut its planned domestic capacity expansion as the prospect of a federal election and a drop in consumer confidence weigh on demand. The shares fell as much as 14 percent and were trading 11.6 percent lower at A$3.59 in Sydney, the biggest intraday ...

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• 18 April

  Corn-Fed crocodiles make better handbags

    Bloomberg Padenga Holdings Ltd., the world’s largest supplier of Nile crocodile skins for luxury handbags and shoes, is seeking to boost profitability by feeding the aquatic reptiles a corn-rich diet and allowing them more space to grow. The company’s biggest market for hides is Italy, the home of luxury goods makers including Prada Spa, which sells a crocodile and ...

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• 18 April

  Nordic Aviation Capital to buy Aldus Aviation

    COPENHAGEN / REUTERS Nordic Aviation Capital (NAC) announced last week that it had agreed to buy Irish leasing company Aldus Aviation, which manages a fleet of 30 jets. However, no financial details were disclosed by the company. Denmark-based NAC, the world’s largest turboprop lessor recently announced its expansion into regional jet leasing with the purchase of Jetscape, another jet ...

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• 18 April

  Alipay to start China IPO process as soon as 2016

  

    Bloomberg Alibaba Group Holding Ltd.’s finance affiliate is planning an Initial Public Offering (IPO) on Shanghai’s main board in what could be China’s highest IPO valuation since 2010, according to two people familiar with the matter. Zhejiang Ant Small & Micro Financial Services Group Co. has been profitable for three years, enabling it to meet the listing requirements, and ...

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• 18 April

  Pilots crunch: Airbus all set to establish Singapore Academy

  

    Bloomberg Airbus Group SE is setting up its second academy to train pilots in Asia, where a rash of startup airlines and new aircraft coming in is causing a surge in demand for captains and first officers. Airbus is opening the center in Singapore in partnership with Singapore Airlines Ltd. The facility — with eight simulators — will add ...

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• 18 April

  Prada seller tempers outlook as luxury floods in

  

  Bloomberg The largest Philippine seller of luxury brands such as Jimmy Choo shoes and Prada handbags says investors and analysts should temper earnings expectations, with competition among retailers squeezing margins – even as consumer spending shows no signs of letting up. Intensifying competition for consumers will cap sales growth, SSI Group Inc. President Anthony Huang said in an interview. Profit ...

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• 18 April

  Apple to pursue new search features for busy App Store

  

    Bloomberg Apple Inc. has constructed a secret team to explore changes to the App Store, including a new strategy for charging developers to have their apps more prominently displayed, according to people familiar with the plans. Among the ideas being pursued, Apple is considering paid search, a Google-like model in which companies would pay to have their app shown ...

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• 18 April

  Designer wedding collections go budget

  

      Relaxnews The new H&M Conscious Exclusive collection debuting this month includes an array of whimsical wedding dresses made from sustainable materials and not hurting your pocket. Proof, if it were needed, of the retail giant’s fashion nous, because budget, off-the-rack bridal collections have never been hotter. We take a look at five designers shaking things up this season. ...

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• 18 April

  Cambodian passenger train rumbles back to life

  

    Phnom Penh /AFP Packed passenger trains are rolling out of Cambodia’s capital for the first time in over a decade this week, as a railway service running down to the country’s southern coast resumes after years of suspension. The trains will be ferrying passengers from Phnom Penh to the southwestern seaport of Sihanoukville over a nine-day trial during the ...

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• 18 April

  Top-quality products with true sound

  

    Sunaina Rana/ Emirates Business Sennheiser was founded in Germany in 1945 as LaboratoriumWennebostel – or ‘Labor W’ for short – by electrical engineer Fritz Sennheiser. However, the company initially produced tube volt meters. The company launched its first microphone in 1947 followed by first ‘shotgun’ microphone in 1956. The shotgun microphone was ideal for use on television and film ...

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