January, 2020

• 25 January

  Boeing-Embraer deal faces delay over probe

  

  Bloomberg European Union merger watchdogs said they stopped the clock on their review of Boeing Co’s tie-up with Brazilian rival Embraer SA for a second time as they demanded yet more details from the jet makers. The move is a re-run of a similar request late last year for data about the deal, which the European Commission has warned could …

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• 25 January

  Bailout delay leaves S African Airways on brink of collapse

  

  Bloomberg South African Airways (SAA) said “time is of the essence” for the government to provide a pledged cash injection if the loss-making national carrier is to continue flying. The National Treasury agreed last month to give the airline 2 billion rand ($140 million) as part of the terms of its bankruptcy protection, but has yet to follow through. SAA …

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• 25 January

  Lufthansa weighs listing of stake in jet-maintenance unit

  

  Bloomberg Deutsche Lufthansa is considering the sale of stock in its jet-aircraft maintenance business to fund the unit’s expansion and help boost the airline group’s market value, according to people familiar with the matter. A partial spinoff of the Technik division to Lufthansa shareholders is also being considered, though an initial public offering of a stake is the more likely …

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• 25 January

  American Air targets higher growth in 2020

  Bloomberg American Airlines Group Inc forecast a big increase in capacity this year and said costs will rise, risking pressure to fares and a squeeze on profit. The amount of available flights and seats will rise as much as 5%, American said, following a 1.1% gain last year. Growth will focus on hubs such as Dallas and Charlotte, North Carolina. …

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• 25 January

  Asos rebounds with Black Friday sales

  

  Bloomberg Asos Plc bounced back from a poor Christmas a year earlier with strong growth over the holidays driven by Black Friday sales. The UK online fashion retailer said its group retail sales grew 20% on a constant-currency basis in the last four months of 2019, better than analysts expected. The shares rose as much as 12%. The better showing …

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• 22 January

  UAE remains world’s number one ‘mover’ for second year in a row

  

  ABU DHABI / WAM The UAE has once again proved itself a resilient business hub, as its been named the world’s number one “mover” by US News 2020 Best Countries Rankings, for the second year in a row. According to the report, which is compiled in partnership with Bav Group and Wharton School of the University of Pennsylvania, “The World …

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• 22 January

  Opec says global oil demand to rise 100.98 mbpd in 2020

  

  ABU DHABI / WAM The Organisation of Petroleum Exporting Countries (Opec), has projected an increase in the global demand for oil to 100.98 million barrels per day (mbpd) during 2020, an increase of 1.22 mbpd compared to the average production of 99.77 mbpd for 2019, according to the Organisation’s Monthly Oil Market Report for January. World oil production includes all …

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• 22 January

  Trump announces new push for WTO reform

  

  Bloomberg President Donald Trump said he’s begun talks with World Trade Organisation (WTO) director-general Roberto Azevedo on changing the structure of the body, which he complained has been unfair to the US. Azevedo will travel to the US for negotiations, Trump said on Wednesday at a news conference to close his visit to the World Economic Forum annual conference in …

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• 22 January

  Temasek, EQT form $500mn India renewable energy venture

  

  Bloomberg Singapore’s Temasek Holdings Pte and Swedish private equity firm EQT AB have formed a $500 million venture that will invest in solar and wind power generators across India. The O2 Power renewable energy platform, first reported by The Economic Times in November, will draw down on the funds over several years as it finds suitable deals, Temasek and EQT …

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• 22 January

  US futures gain as China moves to contain virus

  

  Bloomberg US equity-index futures gained on Wednesday as China took steps to contain the spread of a deadly virus that had rattled international markets. Treasuries and the dollar were steady. Contracts on the three main American equity indexes all rose, with Netflix Inc and International Business Machines Corp climbing in the premarket as traders digested their earnings. The Stoxx Europe …

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