October, 2018

• 1 October

  Ryanair lowers profit outlook on labour strife, high fuel cost

  

  Bloomberg Ryanair Holdings Plc caught investors off guard by saying labour strife and higher fuel prices are taking a heavier toll on earnings, sending the stock down the most since 2016. The shares plunged on Monday after Europe’s biggest discount carrier said profit for the year through next March will be about 12 percent lower than it had forecast less …

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• 1 October

  French retailer to sell Monoprix’s real estate for $655mn

  

  Bloomberg Casino Guichard-Perrachon SA agreed to sell the real estate underlying 55 of its Monoprix stores for $655 million, giving the French retailer a much-needed infusion of cash as short sellers circle the company and its main shareholder. The agreement, along with another transaction announced in July, gets Casino halfway to its goal of selling 1.5 billion euros of assets …

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• 1 October

  Dreamliners face inspections on Rolls engine flaws

  

  Bloomberg Faulty Rolls-Royce Holdings Plc engine blades are deteriorating faster than expected, prompting additional groundings of Boeing Co.’s 787 jetliners for early repairs. The discovery affects about 120 Trent 1000 turbines, or about 8 percent of the global fleet, and has frustrated efforts to reduce the number of idled planes after a series of engine issues, a person familiar with …

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• 1 October

  Amazon to open ‘4-star’ store in NY

  

  Bloomberg Amazon.com Inc. will open a new store in New York City featuring top-selling and highly rated products, the online retailer’s latest effort at physical stores, where most consumer spending still occurs. Dubbed “Amazon 4-Star,” the new location will feature devices, kitchen items, toys, books, and games. All products are items sold on Amazon that customers have rated four stars …

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• 1 October

  China millennials drive sales of luxury brands

  Bloomberg Millennials feel better about their future earnings than older consumers and spend more on luxury goods. That’s according to a survey of more than 3,000 consumers across China, Europe and the US by UBS Group AG. Eighteen to 35 year olds have contributed 85 percent to growth in the luxury market last year and will represent 45 percent of …

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September, 2018

• 30 September

  DGCX records highest average daily volumes

  

  Dubai / WAM Total volumes on the Dubai Gold and Commodities Exchange (DGCX), this year hit 17,255,556 contracts at the end of September, with yearly average daily volumes (ADV), at their highest ever, reaching 89,873 contracts per day. The best performing asset class in September was the Indian Rupee (INR), product suite, which saw Rupee Mini Futures record its second …

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• 30 September

  Saudi Arabia targets higher spending to spur growth

  

  Bloomberg Saudi Arabia plans to increase spending next year more than initially forecast as authorities take advantage of higher oil prices to spur economic growth and reduce unemployment. Public spending is expected to reach 1.106 trillion riyals ($295 billion) in 2019, 100 billion riyals more than the government had projected last year, Finance Minister Mohammed Al-Jadaan said on Sunday. Authorities …

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• 30 September

  America’s biggest source of energy has power problem

  

  Bloomberg America’s fastest-growing source of energy has a power problem. The Permian Basin, which produces almost 4 million barrels of oil a day, has expanded so quickly that suppliers of the electricity needed to keep wells running are struggling to keep up. The Delaware portion alone consumed the equivalent of 350 megawatts this summer, tripling the load from 2015. That’s …

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• 30 September

  Euro-area inflation rate climbs above 2% on energy cost

  

  Bloomberg Euro-area inflation accelerated in September amid a surge in energy costs, while underlying price moves remained more subdued. The core measure of inflation, which strips out volatile energy and food, fell to 0.9 percent from 1 percent. That’s a blow to European Central Bank President Mario Draghi, who just this week cited faster wage growth and a “relatively vigorous” …

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• 30 September

  Egypt top stock to renew gains over refinery boost

  Bloomberg The best-performing stock in Egypt this year might be about to reward investors even more as a turnaround plan moves forward and the company completes a long-awaited project. Qalaa Holdings SAE, the Egyptian investment firm formerly known as Citadel Capital, is pushing to end annual losses by selling underperforming assets and lowering debt before its flagship oil refinery venture …

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