February, 2022

• 16 February

  CGN weighing sale of $2b European renewable assets

  

    Bloomberg China General Nuclear (CGN) Power Corp is considering selling its portfolio of renewable energy assets in Europe in a deal that could fetch more than $2 billion, people with knowledge of the matter said. The Chinese firm is working with Citic Securities Co on the potential disposal of CGN Europe Energy, said the people, who asked not to ...

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• 16 February

  Boeing 787 faces closer FAA scrutiny for quality checks

  

    Bloomberg Boeing Co’s 787 Dreamliner suffered a new blow as US regulators said they would step up inspections of each jet before delivery. The Federal Aviation Administration (FAA) said in an emailed statement that it is taking the action to “allow the agency to confirm the effectiveness of measures Boeing has undertaken to improve the 787 manufacturing process.” Since ...

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• 16 February

  JetBlue orders 30 more Airbus A220-300 planes

  

  Bloomberg JetBlue Airways Corp is buying 30 additional Airbus SE A220-300 planes, bolstering the carrier’s fleet and allowing it to more swiftly retire older aircraft. The purchase, an exercise of prior options, brings JetBlue’s total order of the single-aisle jet to 100, the airline said in a statement. JetBlue expects its ninth A220 delivery this month, and 30 more by ...

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• 16 February

  Alphabet’s Wing elevates drone technology chief to head of firm

  

    Bloomberg Alphabet Inc’s Wing unit elevated its leading technology official to head the company as it seeks to rapidly expand its drone delivery operations, including in the Dallas suburbs. Adam Woodworth, who has spent his entire career designing new-age aircraft, was named Wing LLC’s chief executive officer, the company said in an announcement. He replaces James Ryan Burgess, who ...

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• 16 February

  Malaysia’s AirAsia nears flying taxi deal with lessor Avolon

  

    Bloomberg Malaysia’s AirAsia is near agreement for Vertical Aerospace Ltd flying taxis, according to people familiar with the matter, adding to a raft of carriers moving into the potential market to offer short, battery-powered flights. A deal between the airline’s owner and aircraft-leasing firm Avolon Holdings was expected to be announced on Wednesday at the Singapore Air Show, said ...

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• 16 February

  Sock maker Bombas mulls initial public offering in US

    Bloomberg Bombas, a maker of socks and other apparel, is exploring a US initial public offering, according to people with knowledge of the matter. The New York-based company, a certified B Corporation, could pursue a listing as soon as this year, said one of the people, requesting anonymity discussing private talks. The firm has held discussions with potential underwriters, ...

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• 16 February

  ShopBack seeks $150m for expansion

    Bloomberg ShopBack, an online shopping rewards app backed by Temasek Holdings, is in talks with potential investors to raise $150 million to help finance its expansion, according to people with knowledge of the matter. The Singapore-based startup is working with Morgan Stanley on the funding round, which is expected to value the company at about $1 billion, the people ...

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• 16 February

  Stocks climb on prospect of easing Ukraine tension

  

    Bloomberg Stocks rise on Wednesday as traders weighed the prospect of diminishing tension over Ukraine and the risk of further twists after Russia said it was withdrawing some forces. Shares were up in Japan, Hong Kong and China, where slowing inflation is boosting the central bank’s scope to ease policy to prop up growth. US futures were stable and ...

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• 16 February

  Bond buyer strike in Japan gives yield curve a powerful jolt

  

    Bloomberg Japan’s sovereign yield curve has been jolted into life as a buyer’s strike and dovish central bank triggers a sharp steepening — setting the market aside from global peers. The move looks set to continue as the big institutions that dominate purchases of super-long maturities stick to the sidelines, hurt by the recent turmoil in global stocks and ...

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• 16 February

  Amanat records profit of AED280.8mn in ’21

  

    Dubai / WAM Amanat Holdings, one of the GCC’s healthcare and education investment company, has announced record financial results for the year ended December 31, 2021, with a total income of AED367.0 million, a significant five-fold increase on the AED70.6 million recorded last year. Strong total income growth translated through to Amanat’s bottom-line, with the company reporting a record ...

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