October, 2019

• 7 October

  Boeing faces deeper antitrust probe of Embraer deal in EU

  

  Bloomberg Boeing Co’s ventures with Embraer SA face a deeper antitrust probe from the European Union as regulators said the transaction threatens to knock out an important rival to the world’s biggest planemakers. The European Commission has until February 20 to issue a ruling on the deal after opening an “in-depth investigation,” according to a statement. Boeing and Embraer, which …

  Read More »
• 7 October

  Ted Baker sinks as new warning deepens woes

  

  Bloomberg Ted Baker Plc lost more than a third of its value after the UK apparel chain sank to a loss and warned that its performance could worsen amid price competition and a shift to online shopping. The retailer has been reeling since the resignation of founder Ray Kelvin. While the company has moved to improve office conduct, it’s succumbing …

  Read More »
• 7 October

  Sell old Burberry online, the brand might invite you for tea

  

  Bloomberg Burberry Group Plc is encouraging clients to give their old looks a second life by selling them online, a move that could help pull in holiday shoppers and bolster appeal with the environmentally conscious. In a rare partnership between a fashion house and the burgeoning marketplace for used luxury products, Burberry is teaming up with consignment website The RealReal. …

  Read More »
• 7 October

  Retailers help heat up IPO activity in SE Asia

  Bloomberg Retail has been one of the hottest sectors among recent Southeast Asian initial public offerings, as investors look to cash in on consumers’ increasing spending power in the region. “The domestic consumption growth story in Southeast Asia remains an attractive thematic for equity investors,” said Ho Cheun Hon, head of Southeast Asia equity capital markets at Credit Suisse. Home …

  Read More »
• 7 October

  Pepsi says consumer chugging along even with higher prices

  

  Bloomberg PepsiCo Inc is getting a boost from higher prices on its drinks and snacks, a sign US consumers still feel good amid recent indicators of a looming economic slowdown. The snack and beverage giant said it will meet or exceed its full-year revenue growth after sales and profit both topped Wall Street estimates for last quarter. The results showed …

  Read More »
• 6 October

  First World Road Congress in Mideast kicks off in Abu Dhabi

  Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, officially opened the 26th World Road Congress Abu Dhabi 2019 on Sunday as discussions on …

  Read More »
• 6 October

  Emerging-market yield hunt to trump trade wars for now

  

  Bloomberg The hunt for yield is still on in emerging markets. And as that plays out, expect Asia to outperform. Those are the main findings of Bloomberg’s quarterly survey of 54 global investors, strategists and traders on their outlook for developing-nation assets. The trade dispute between the US and China remains a key concern. But looser monetary policy among major …

  Read More »
• 6 October

  Norway oil coffers about to get giant boost from the North Sea

  

  Bloomberg Equinor ASA has started its Johan Sverdrup oil field, a rare mega-project in the North Sea that’s been a boon for Norway’s offshore industry and now promises to deliver a huge production boost for the country. Discovered in 2010 in an area that had been disregarded by most explorers, the site started production on Saturday and is set to …

  Read More »
• 6 October

  Mozambique says Exxon to approve giant LNG project

  

  Bloomberg Mozambique’s government said Exxon Mobil Corp. will sign off on an initial investment decision for a liquefied natural gas project that could cost as much as $33 billion to build — the biggest ever in Africa. A ceremony marking the decision will take place Oct. 8 in Maputo, the capital of the southeast African nation, the Ministry of Mineral …

  Read More »
• 6 October

  ‘Permian’ fails to deliver export boost

  Bloomberg Newly commissioned Permian Basin crude pipelines have yet to boost US crude exports, as the ongoing US-China trade war weighs on demand from Asia. The US Census Bureau said exports averaged 2.73 million barrels a day in August, up just 40,000 barrels from a month before. That’s despite the start of two widely anticipated crude pipelines from West Texas …

  Read More »