October, 2018

• 31 October

  HNA tries to offload Airbus planes to leasing companies

  

  Bloomberg HNA Group Co. has been trying for months to offload passenger planes it ordered from Airbus SE, according to people familiar with the matter, as the indebted airline-turned-glo-bal acquirer wrestles with liquidity challenges. The Chinese group asked the leasing arms of Industrial & Commercial Bank of China Ltd. and China Minsheng Banking Corp., amo-ng others, to take over at …

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• 31 October

  Lufthansa trims expansion plans as profit miss hits stock

  

  Bloomberg Deutsche Lufthansa AG is paying the price of chasing market share in its own backyard as the cost of integrating jets from collapsed rival Air Berlin Plc weighs on earnings. Lufthansa shares fell 9.5 percent, the biggest intraday drop in more than 2 years, after the German carrier’s latest results missed analyst estimates, forcing it to trim expansion plans …

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• 31 October

  Airline black boxes are a throwback in a world of cloud data

  

  Bloomberg Once again, the world is transfixed with an undersea search to solve the mystery of why an airliner plunged into the ocean. With images of the years-long unsuccessful search for Malaysia Airlines Flight 370 still fresh, the Indonesian government has dispatched 34 boats and more than 800 military and civilian personnel in search of a Lion Air plane that …

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• 30 October

  Oil slides to two-month low over demand anxiety

  

  Bloomberg Oil slid to a two-month low as escalating US-China trade tensions imperiled global growth at a time when American crude inventories are swelling. Futures declined as much as 2.6 percent in New York on Tuesday. The US is preparing another round of tariffs on Chinese imports if talks between the presidents of the world’s two largest econo-mies falter. Meanwhile, …

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• 30 October

  Wind, sun to strand $60 billion of coal assets in Southeast Asia

  

  Bloomberg Keep pouring money into coal-fired plants and it won’t be just the fuel that’s getting burned. As much as $60 billion of coal power assets may be stranded in the next decade across Vietnam, Indonesia and the Philippines, according to a new study by Carbon Tracker, which cited tighter environmental policies and competition from cheaper renewable energy. That analysis …

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• 30 October

  India’s top court asks regulator to decide on Tata, Adani power relief

  

  Bloomberg India’s top court has directed the federal electricity regulator to decide within 8 weeks on approving revised tariffs for three power producers in the western state of Gujarat due to increased cost of imported coal. The Gujarat government sought the top court’s intervention to implement a state government panel’s report that recommended implementing a cost-reflective tariff, which would mirror …

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• 30 October

  World’s biggest tidal stream project to add two new turbines

  Bloomberg Simec Atlantis Energy Ltd., a renewable energy developer, plans to extend its tidal stream project in Scotland by adding two new turbines. The MeyGen facility currently has a capacity of 6MWs, and the extension will bring it to 10MWs. It’s partially funded by a $19mn support package from the European Commission. Atlantis is trying to bring costs down by …

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• 30 October

  RBC’s new idea to ease Canadian crude pain

  Bloomberg With new pipelines unlikely to come online anytime soon, analysts at Royal Bank of Canada (RBC) are floating a new idea to ease Alberta’s crude oil bottlenecks: Give producers a temporary respite from making royalty payments. Suspending the average 5 percent royalty that Alberta’s oil producers pay to the province in the form of cash or barrels of crude …

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• 30 October

  Homes slipping beyond grasp of buyers in US

  

  Bloomberg This is how housing markets turn. Slowly. Six years of home-price gains outpacing wage growth; bidding wars replaced by sales at the asking price; days or weeks on the market turning into months; rising mortgage rates. First-time shoppers start to get priced out, making it harder for move-up buyers to sell, and the slowdown ripples gradually up the real …

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• 30 October

  US stocks turn higher as tech shares reverse slump

  

  Bloomberg US stocks reversed early losses as investors shook off disappointing earnings from General Electric and tech shares reversed a sell-off despite fresh data raised conc-ern about the strength of the housing market. Treasuries fell and the dollar rose. The S&P 500 Index climbed, although its drop from a September record still hovers near 10 percent, putting it on the …

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