February, 2019

• 2 February

  Airbus jetliner unit hit by cyber breach

  

  Bloomberg Airbus SE said its jetliner business was hit by a data breach that gave intruders access to some employees’ personal information. There was no impact on aircraft production, the European planemaker said in a statement. Airbus said it was in contact with regulators and data-protection authorities as it probes the origins of the intrusion. “Investigations are ongoing to understand …

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• 2 February

  Cash-starved Jet Air says some planes grounded

  Bloomberg Cash-starved carrier Jet Airways India Ltd. said some aircraft were grounded because of technical and temporary reasons, denying a news report that said the planes were not flying because of a default in lease-rent payment. The carrier, struggling to repay debt, is regularly providing updates to lessors on efforts to improve liquidity and they, including GECAS, have been supportive, …

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• 2 February

  United makes hubs new battleground in supremacy fight

  

  Bloomberg A year ago, United Continental Holdings Inc. startled the airline world with an aggressive growth agenda aimed at bolstering hub profits and reclaiming traffic—a strategy to win back passengers rivals had siphoned away in the nine years since the carrier’s chaotic merger. One-third of the way into its three-year plan, United has declared the project a success and is …

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January, 2019

• 30 January

  New polymer facility is coming up in Kizad

  

  Abu Dhabi / WAM Khalifa Industrial Zone Abu Dhabi (Kizad) announced that Gulf Compound Blending (GCB), which is part of newly launched Kizad Polymers Park, will be establishing a new poly- mer facility within the industrial zone. Gulf Compound Blending, a newly-formed joint venture between Met T&S (Maire Tecnimont Group), M. Cecchi & Co and Arab Development Establishment, is set …

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• 30 January

  Deyaar’s profit hits AED140mn

  

  DUBAI / Emirates Business Deyaar Development PJSC (Deyaar), one of Dubai’s leading property developers and real estate service providers, announced its preliminary unaudited financial results for the full year ended on December 31, 2018. The company reported revenues of AED643.7 million in 2018, compared to AED 751.6 in 2017. Net profit rose by 7.4% from AED 130.4 million in 2017 …

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• 30 January

  Oil extends gain after rising most in a week on Venezuela crisis

  

  Bloomberg Oil rose in New York after jumping the most in more than a week on concerns that US sanctions on Venezuela will pose significant market disruption. West Texas Intermediate futures climbed as much as 1.3 percent after adding 2.5 percent. Venezuela is considering declaring force majeure on oil exports to the US, a signal it may halt shipments after …

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• 30 January

  Boeing sales surpass $100bn for first time

  

  Bloomberg Boeing Co soared after reporting a record cash gush for 2018 and cracking the $100 billion sales barrier for the first time in its 102-year history — and the US planemaker says the best is yet to come. Sales, earnings and cash are all poised to rise this year, building on fourth-quarter earnings that beat estimates, the company said …

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• 30 January

  US equity futures, European stocks advance; dollar drifts

  

  Bloomberg US equity futures and European stocks advanced on Wednesday, as the latest batch of corporate earnings helped steady investor nerves while they await the Federal Reserve rate decision and any developments on trade. Treasury yields ticked up as the dollar drifted. Contracts across the S&P 500, Nasdaq and Dow Jones indexes all rose amid a slew of results from …

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• 30 January

  Foreigners buy $7.8bn of Chinese stocks in Jan

  

  Bloomberg Foreign investors are piling into Chinese stocks after a dismal 2018 for the country’s equity market. They’ve bought 52 billion yuan ($7.8 billion) of A shares via trading connects in Shanghai and Shenzhen this January, putting it on course to be the biggest month for inflows since the second exchange link with Hong Kong opened in late 2016, Bloomberg …

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• 30 January

  FedEx sets up late-night race for retailers to fight Amazon

  

  Bloomberg FedEx Corp, looking beyond Amazon.com Inc for growth in e-commerce, is introducing a new late-night shipping option for retailers who want to speedily send orders directly to online customers. The program will offer retailers the option to deliver items the next day when they are purchased online as late as midnight, said Brie Carere, FedEx’s chief marketing officer. Less …

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