January, 2019

• 8 January

  Heathrow plans to add 25,000 flights

  

  Bloomberg London’s Heathrow airport aims to boost capacity even before a new runway opens, employing measures including a rejigging of the way two existing landing strips are used to add 25,000 aircraft movements a year at Europe’s busiest hub. The project, revealed on Tuesday as part of a consultation process on the 16 billion-pound ($20 billion) third runway, may stir …

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• 8 January

  Sears aims liquidation as its bid fizzles out

  

  Bloomberg Sears Holdings Corp is preparing for the potential that this year will be its last. The storied retailer started laying the groundwork for a liquidation after Chairman Eddie Lampert’s bid to buy several hundred stores out of bankruptcy fell short of bankers’ qualifications, people with knowledge of the matter said. Sears representatives summoned liquidation firms and other advisers to …

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• 8 January

  Amazon becomes most valuable firm

  

  Bloomberg Amazon.com Inc surpassed Microsoft Corp to become the world’s largest public company on Monday, in the latest example of the list of Wall Street’s biggest names being reordered. Shares of the e-commerce company rose 3.4 percent, a rally that gave it a market capitalisation of $797 billion, according to Bloomberg data. While this is down from Amazon’s record market …

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• 8 January

  Airports fretting over screener absences over ‘shutdown’

  

  Bloomberg With screeners already calling in sick in larger-than-normal numbers, US airports are girding for disruptions next week if the partial government shutdown continues and Transportation Security Administration (TSA) officers miss their first paycheck. The airport security officers are caught in the political fight in Washington between President Donald Trump and congressional Democrats over money for a wall along the …

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• 7 January

  Aldar unveils AED2bn Abu Dhabi project

  

  Abu Dhabi / Emirates Business Aldar Properties on Monday announced the launch of its newest AED2 billion development, Alreeman in Alshamkha. With investment zone status, and located in close proximity to the Abu Dhabi International Airport and key arterial highways, the mid-market, mixed-use development offers residential and commercial land plots available for purchase by all nationalities. Alreeman is spread over …

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• 7 January

  Oil set for longest rally in 17 months

  

  Bloomberg Oil headed for its longest stretch of daily gains in more than 17 months as the US Federal Reserve sought to ease investor concerns, China moved to sti-mulate its economy and Opec production cutbacks took effect. Futures in New York climbed as much as 3.2 percent after a fifth consecutive increase, when they settled at the highest closing level …

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• 7 January

  Tesla breaks ground on $5bn China plant

  

  Bloomberg After four years of planning, Tesla Inc finally broke ground on its planned $5 billion factory in the world’s biggest auto market. But the timing couldn’t be more inauspicious. Chief Executive Officer Elon Musk and some Shanghai officials, including Mayor Ying Yong, on Monday attended a function at a site near the city kicking off construction of what would …

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• 7 January

  Eskom to extend job cuts beyond top-tier executives

  

  Bloomberg Eskom Holdings SOC Ltd will extend its strategy of trimming top executive positions to include lower ranking managers and finally the general workforce as South Africa’s cash-strapped power utility looks to cut costs, according to a person familiar with the plans. The state-owned company last month reduced its highest executive structure to nine positions from 21 by regrading and …

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• 7 January

  Goldman slashes oil price forecasts

  Bloomberg Goldman Sachs Group Inc cut its oil price forecasts for 2019, citing a re-emerging surplus and resilient US shale production. Global benchmark Brent crude will average $62.50 a barrel this year, analysts including Damien Courvalin said in a January 6 note, down from a previous estimate of $70. US marker West Texas Intermediate will average $55.50 a barrel, down …

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• 7 January

  Stocks gain as technology strength helps to lift shares

  

  Bloomberg US stocks rose slightly as investors weighed their risk tolerance amid the resumption of trade talks with China. The dollar fell to its lowest level since October as traders assessed seemingly dovish remarks from Federal Reserve chairman Jerome Powell on Friday. The S&P 500 Index gained led by consumer discretionary stocks and energy as oil surged higher. The Nasdaq …

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