May, 2019

• 18 May

  Amazon leads a $575mn funding round in Deliveroo

  

  Bloomberg Amazon.com Inc is leading a $575 million investment in Deliveroo, buying a slice of the fast-growing startup to propel its drive into the European food and groceries business. The US online retail giant will be joined in the Series G funding round by existing backers T Rowe Price, Fidelity Management and Research Co and Greenoaks, Deliveroo said in an ...

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• 18 May

  Air Canada in talks to buy Transat airline for $387mn

  

  Bloomberg Air Canada said it’s in exclusive talks to buy one of the country’s largest travel tour operators, Transat AT, for about $387 million amid a wave of consolidation in the Canadian airline industry. The country’s largest airline said in a statement it was prepared to pay C$13 a share for the Montreal-based company, a 23 percent premium to Transat’s ...

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• 18 May

  Asda posts eighth quarter of growth

  Bloomberg Walmart Inc’s Asda reported its eighth consecutive quarter of growth after the US retail giant said that it was “seriously” considering an initial public offering for the UK grocer in the future. Asda delivered 0.5 percent like-for-like sales growth excluding petrol for the first quarter of 2019. Figures were adjusted to account for the later Easter date compared to ...

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• 18 May

  Budget business class seats may lure Europe-Asia fliers

  

  Bloomberg Low-cost airlines, the pioneers of brief discomfort at bargain prices, have struggled to master long-haul flights. Now one of the world’s most successful budget carriers is considering cut-price business class seats as a way into the Europe-Asia market. India’s IndiGo is mapping out an ambitious long-distance network. The airline aims to start one-stop trips further into Europe within six ...

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• 15 May

  Russia aiming to share Saudi output hike as Opec, allies meet

  

  Bloomberg Russia will join the Opec+ talks on Sunday having barely fulfilled its pledged production cuts, but keen to secure a share of any potential output increase. In recent months, Russia has indicated it would welcome a return to production growth, said analysts from Fitch Ratings Inc. and IHS Markit Inc. That’s back on the agenda after pledges by Saudi ...

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• 15 May

  Empower signs pact on district cooling solutions

  

  DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) signed gold sponsorship agre-ement for two years with The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), Region-At-Large (RAL) for its activities being held in Africa, the Middle East, South Asia (India, Pakistan, Bangladesh and Sri Lanka), and Turkey. “Empower seeks to reduce emissions by encouraging investors and owners of ...

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• 15 May

  London luxury home prices hit by longest slump in decades

  

  Bloomberg It was a symbol of the swagger in London’s luxury home market: a mansion in the trendy Notting Hill neighborhood with a car elevator and a swimming pool that transforms into a ballroom at the touch of a button. But just over a year after Havona House was listed with great fanfare for 25 million pounds ($32.3 million), the ...

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• 15 May

  US futures, Europe stocks slump as Asia advances

  

  Bloomberg US equity futures slipped on Wednesday alongside European stocks as the rebound in global shares struggled for momentum. Oil declined, while Treasuries advanced with German bonds. Contracts on the S&P 500, Dow and Nasdaq all swung from a gain to a loss, though Alibaba’s US-listed shares bucked the trend, rising in pre-market trading after beating estimates. The Stoxx Europe ...

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• 15 May

  China stocks rally after data miss strengthens ‘economic stimulus’

  

  Bloomberg China’s stocks rose, as traders speculated Beijing will consider more measures to support the economy after data showed weaker-than-expected growth in April. The CSI 300 Index jumped 2.3% at the close, though volume in the gauge was about 35% lower than the 30-day average at this time of day, signalling little conviction in the gains. The offshore yuan was ...

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• 15 May

  Trump suggests Fed could help his trade fight against China

  

  Bloomberg President Donald Trump called on the Federal Reserve to “match” what he said China would do to offset economic hardship being caused by tariffs as he sought to draft the US central bank into his simmering trade war. “China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for ...

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