October, 2018

• 28 October

  Target expands free delivery to seize $100bn up for grabs

  

  Bloomberg Target Corp. is expanding perks like free two-day delivery to snag as much as possible of the $100 billion in sales the company sees up for grabs from retailers that have gone under. Chief Executive Officer Brian Cornell said he’s built “playbooks” to capture market share sacrificed by Sears, Toys “R” Us and others, and has also accelerated planned …

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• 28 October

  Amazon branded women’s apparel sales fall: Report

  

  Bloomberg Amazon.com Inc.’s scatter-shot attempt to shake up women’s fashion by launching a barrage of private label brands isn’t going so well, according to a report by Jungle Scout, a data-research firm for merchants on the e-commerce website. Apparel makes up 88 percent of all Amazon private label brands, but only 1 percent of all private label sales, according to …

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• 28 October

  Norwegian nears deal for $1bn cash infusion

  

  Bloomberg Norwegian Air Shuttle ASA is closing in on a deal that would provide a potential $1 billion infusion of cash to help it navigate increasing fuel prices and the slow winter period, according to people familiar with the matter. The Oslo-based carrier said that it is in “advanced discussions” with an unnamed partner to create a fleet joint venture …

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• 28 October

  Metro taps Citigroup, JPMorgan for review of China operations

  

  Bloomberg Metro AG, the German big-box retailer and wholesaler, is working with Citigroup Inc. and JPMorgan Chase & Co. to review options for its Chinese operations, according to people familiar with the matter. The business could be worth about $1.5 billion, based on earnings and the valuations of its rivals, the people said, asking not to be identified as the …

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• 27 October

  Oil falls for third week as ‘fear selling’ spreads

  

  Bloomberg Oil tumbled for a third straight week as crumbling equity markets across the globe stoked concern about a slowdown in energy demand growth. A 0.4 percent gain in New York-traded futures wasn’t enough to halt a 2.2 percent decline for the week. Eight of every 10 stocks in the S&P 500 were in retreat as a cavalcade of negative …

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• 27 October

  UAE, Bahrain review ‘financial operations’

  DUBAI / WAM The UAE and Bahrain reviewed their latest efforts in administering government financial operations, and also expressed their keenness to cooperate towards achieving common goals that are aligned with their shared vision and history. This was discussed when a delegation from Ministry of Finance of Bahrain visited UAE Ministry of Finance. Younis Haji Al Khoori, Under-Secretary of Ministry …

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• 27 October

  Canada ratifies Pacific trade deal, Australia close behind

  Bloomberg A sprawling Pacific trade deal led by Japan is on the verge of kicking in provisionally after Canada became the fifth country to sign off, according to a government official. Prime Minister Justin Trudeau’s government sent formal notice of its ratification on Saturday to New Zealand, which is compiling records for the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific …

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• 27 October

  Energy giants woo China with $24bn spree in old pirate lair

  

  Bloomberg A Chinese archipelago that served as a pirate’s den in centuries past and was governed by President Xi Jinping in the new millennium is luring the world’s energy giants. State-run Saudi Arabian Oil Co. and US behemoth Exxon Mobil Corp. were among firms that signed $24 billion in preliminary deals last week at the International Petroleum and Natural Gas …

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• 27 October

  Trump approves first oil production facility from manmade island

  

  Bloomberg The Trump administration has authorized Hilcorp Energy Co.’s plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude — marking the first approval of an oil production facility in federal Arctic waters. The Interior Department’s conditional approval — subject to seasonal restrictions and other required permits — represents a …

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• 27 October

  Adani goes green in coal country for first Australian project

  

  Bloomberg Adani Enterprises Ltd., best known in Australia for its stalled Carmichael coal project, is nearing completion of a solar power farm in the Bowen Basin in Queensland, a region closely associated with coal mining. Commissioning of the first phase of the Rugby Run solar project will begin in December and power will be delivered from early next year, Adani …

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