January, 2019

• 26 January

  Philippine Air owner denies stake sale report

  

  Bloomberg Billionaire Lucio Tan, who controls Philippine Airlines Inc., denied reports about a forthcoming stake sale days after ANA Holdings Inc. confirmed it’s in talks with the carrier’s listed parent PAL Holdings Inc. There’s “no plan” to sell, Tan, 84, said in an interview on the sidelines of a central bank event in Manila. News that a stake sale is …

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• 26 January

  Delta Air delays debut of Airbus A220 in US

  Bloomberg Delta Air Lines pushed back the US debut of Airbus’s newest aircraft by a week because it can’t get needed approvals for the flights from the Federal Aviation Administration during the government shutdown. Inaugural flights of the Airbus A220 will be reset to February 7 from January 31, Morgan Durrant, a Delta spokesman, said. Other aircraft will be substituted …

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• 26 January

  Haagen-Dazs, Tropicana want their packaging back now

  

  Bloomberg In the environmentalist mantra “reduce, reuse, recycle,” almost all of the attention has been paid to recycling. Now some of the world’s biggest consumer brands are trying to shift the focus to the second R, with a programme that provides products in reusable containers that can be returned for a refund. The durable packaging programme, called “Loop” — a …

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• 23 January

  EU warns tariffs on $23b in US goods if Trump taxes cars

  

  Bloomberg The European Union is prepared to hit 20 billion euros ($22.7 billion) of US goods with tariffs should President Donald Trump follow through on a threat to impose duties on EU cars and auto parts, said a senior trade official for the bloc. The assertion by Jean-Luc Demarty, director general for trade in the European Commission, the EU’s executive …

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• 23 January

  DP World buys additional stake in Australian unit

  

  DUBAI / WAM DP World on Wednesday announced that it has acquired an additional stake in DP World Australia (DPWA) from Gateway Infrastructure Investments and other financial investors, valuing DP World Australia at an enterprise val-ue of approximately AU$1.4 billion ($997 million). The acquisition is subject to regulatory approval and is expected to close in Q1 2019. Following the closure …

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• 23 January

  Alwaleed’s firm supports merger of Uber, Careem

  Bloomberg Kingdom Holding Co, one of Careem Networks FZ’s biggest backers, supports a potential merger between the Middle East ride-hailing firm and Uber Technologies Inc, according to the head of Prince Alwaleed Bin Talal’s investment firm. “We don’t interfere nor are we party to the discussions, and if it ever happens I think we are supportive of it yes,” Chief …

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• 23 January

  China resists US-EU talks on global digital trade pact

  

  Bloomberg China risks being locked out of talks to establish new global rules to govern the $25 trillion e-commerce marketplace as the US and other nations resist an effort by Beijing to curb the plan’s ambition, according to people familiar with the talks. Negotiations, which are set to be launched on Friday on the sidelines of the World Economic Forum’s …

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• 23 January

  Damac plans to invest $1.3bn in London market

  Bloomberg Dubai’s Damac Properties PJSC plans to take advantage of the weak pound to invest as much as 1 billion pounds ($1.3 billion) in London’s real estate market. Chairman Hussain Sajwani said the Dubai-based property developer is looking at deals with values from 500 million pounds to 1 billion pounds in central London. Even if the UK left the European …

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• 23 January

  New York’s plan to kill coal lifts power prices

  

  Bloomberg New York’s plan to put the state’s last coal-fired power plants out of business hasn’t even been approved yet and electricity is already trading like they’re shut. The price of power in 2021 in New York City and other regions surged more than 30 percent beginning in May. The only major difference between then and now: a pending state …

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• 23 January

  US stocks surge on earnings surprises; dollar rally stalls

  

  Bloomberg US equities advanced alongside stocks in Europe as traders weighed the latest corporate earnings and moves to end the American government shutdown against lingering doubts over trade. The dollar’s six-day rally stalled and Treasury yields rose. The S&P 500, Dow Jones and Nasdaq indexes all opened higher after IBM topped profit estimates and Procter & Gamble increase the upper …

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