March, 2018

• 21 March

  Amazon mulls buying few Toys ‘R’ Us stores

  

  Bloomberg Amazon.com Inc. has looked at the possibility of expanding its retail footprint by acquiring some locations from bankrupt Toys ‘R’ Us Inc., according to people with knowledge of the situation. The online giant isn’t interested in maintaining the Toys ‘R’ Us brand, but has considered using the soon-to-be-vacant spaces for its own purposes, said the people, who asked not …

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• 21 March

  Ryanair buys Niki Lauda airline in rare foray into dealmaking

  

  Bloomberg Ryanair Holdings agreed to buy an Austrian airline from former Formula One motor-racing champion Niki Lauda, only the second acquisition in the Irish carrier’s history. The low-cost giant will pay Lauda less than $61.7 million for a majority stake in LaudaMotion, which retook control of carrier Niki just two months ago following the insolvency of Air Berlin. The aviation …

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• 21 March

  Britain’s John Lewis opens new store amid retail restructuring

  

  Bloomberg British retailer John Lewis Partnership Plc is opening its 50th department store in London amid a spate of retail restructurings and outright collapses. In a bid to draw in shoppers, it’s doubling down on everything it says Amazon.com Inc. can’t do. The employee-owned retailer wants to build more personalised relationships with its customers through concierge-style services and educational sessions …

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• 20 March

  Stocks recover from technology sell off; yields rise, oil climbs

  

  Bloomberg Energy-related companies led a rise in US stocks as equity markets looked to shrug off weakness in technology. Government bond yields increased as investors braced for higher US borrowing rates. Oil climbed to a two-week high as output curbs by OPEC and its allies continued to deplete the remnants of a global supply surplus, helping to lift the shares …

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• 20 March

  Financial stocks largest gainers in Saudi market

  

  Reuters The region’s biggest market, Saudi Arabia, was up 0.2 percent with financial stocks among the largest gainers ahead of an expected decision by FTSE at the end of this month to include Riyadh in its secondary emerging market index. Al Rajhi Bank, the kingdom’s second largest bank by assets, rose 1.7 percent, while Saudi British Bank was up 2.3 …

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• 20 March

  As VIX surged again, traders bet on Credit Suisse leveraged note

  Bloomberg During the equity rout, investors were not only back to betting on volatility’s return, they were doing so using a leveraged security from the firm at the nexus of last month’s stock selloff. As a jump in the VIX spurred activity across volatility-related securities, the exchange-traded product that had the highest volume was the VelocityShares Daily 2x VIX Short …

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• 20 March

  Saudi fuel exports soar to record high

  

  Bloomberg Saudi Arabia’s exports of diesel and gasoline soared to a record in January, underscoring a big advantage the world’s largest oil exporter has over other producers who’re more dependent on shipments of lower-value crude. While the kingdom kept crude output below an OPEC-agreed cap, its shipments of diesel, gasoline and other fuels surged by 27 percent to a record …

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• 20 March

  India to raise natural gas price to highest in 2 years

  

  Bloomberg India is poised to lift its domestic natural gas price to the highest in at least two years, boosting earnings of producers like Oil and Natural Gas Corp., according to a survey of analysts and industry participants. The federal government will increase the price to $3.2 per million British thermal units for April to September, almost 11 percent more …

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• 20 March

  Oil rises to 2-week high as OPEC cuts weighed against US supplies

  

  Bloomberg Oil climbed to a two-week high as investors weighed record compliance to output curbs by OPEC and its allies against expanding US supplies and a broader selloff in risk assets. Futures in New York rose as much as 1.1 percent after dropping for the first time in four sessions. While US crude inventories are forecast to have grown by …

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• 20 March

  Supermarket casualties begin to pile up in Amazon-fuelled battle

  

  Bloomberg This is how the grocery industry lives now. Regional chains are filing for bankruptcy. European-born discounters are expanding, forcing competitors to keep their own prices low. And Kroger Co. and Walmart Inc., the two largest grocers in the US, are investing in technology and expanding delivery as they try to fend off an incursion by Amazon.com Inc. It’s a …

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