March, 2018

• 6 March

  Amazon targets PayPal strategy in forging bank partnerships

  

  Bloomberg Amazon.com Inc. wants to appeal to more cashless customers, like tech-savvy millennials, while trying to cut its transaction expenses, copying a strategy set by PayPal Holdings Inc. The e-commerce giant is in talks with JPMorgan Chase Financial Co., Capital One Financial Corp. and other banks about creating new online accounts, according to two people familiar with the matter. The ...

  Read More »
• 6 March

  US offers UK limited ‘open skies’ aviation agreement after Brexit

  

  Bloomberg The US has offered the UK a more limited “Open Skies” aviation deal after Brexit than it has as a member of the European Union, but participants expressed confidence that the lucrative transatlantic market would continue unimpeded. The main stumbling block in the negotiations is that the US is using its standard template for aviation agreements, which has less ...

  Read More »
• 6 March

  GE readies engine durability fix for new Boeing, Airbus planes

  

  Bloomberg General Electric Co. plans to replace a part in hundreds of recently delivered engines after uncovering a durability problem inside the turbines powering the upgraded workhorse jets of Boeing Co. and Airbus SE. The manufacturer has identified a fix for a previously disclosed issue with the new Leap engine, and the redesigned part will be incorporated into the production ...

  Read More »
• 6 March

  Starbucks’ renting offers edge over Dunkin’ Donuts

  

  Bloomberg Starbucks has sought every means to fuel its growth while fending off smaller, lower-cost rivals like Dunkin’ Donuts. And a push to lease stores, rather than own them, may be part of the answer. The two companies have vied for foot traffic to maintain same-store sales growth, which for Starbucks Corp. is at its lowest level since 2009. But ...

  Read More »
• 6 March

  Just Eat shares fall over delivery investment plan

  Bloomberg Shares in Just Eat Plc fell the most in 20 months despite the food-delivery company beating revenue estimates, after concerns over future spending and acquisition costs. Just Eat’s full-year 2017 revenue grew 45 percent to $755 million, with underlying earnings up 42 percent to 164 million pounds. International revenue grew 75 percent, representing 44 percent of group revenue, and ...

  Read More »
• 6 March

  Cathay new CEO Hogg’s tough to-do list hasn’t gotten any shorter

  

  Bloomberg Ten months into the top job and Cathay Pacific Airways Ltd. Chief Executive Officer Rupert Hogg’s to-do list hasn’t gotten any shorter. While its cargo business and passenger traffic, especially premium travelers, are recovering, inflated wage costs and ever-increasing competition from Chinese rivals are issues he has to contend with. Among these, fuel-hedging bets gone awry top the list: ...

  Read More »
• 5 March

  US stocks turn higher as investors weigh trade threat; dollar gains

  

  Bloomberg US stocks turned higher and Treasuries trimmed gains as investors speculated that President Donald Trump’s tough tariff talk won’t translate into the most severe protectionist policies. S&P 500 cut an early slide by three-quarters after hedge fund billionaire Ray Dalio called Trump’s threat of a trade war “political show.” Treasuries held gains on a haven bid, while the greenback ...

  Read More »
• 5 March

  Markets may buckle up for trade tensions

  

  Bloomberg The angst about rising trade tensions that’s hit equity markets may presage a prolonged conflict, considering that when it comes to China, the Trump administration may have greater ambitions than just a more advantageous commercial arrangement. While Chinese officials have pressed for a list of specific demands as President Donald Trump prepares to execute measures including tariffs, there may ...

  Read More »
• 5 March

  US to rule oil market for 5 years

  

  Bloomberg The US will dominate global oil markets for years to come, satisfying 80 percent of global demand growth to 2020 as the shale boom keeps OPEC under pressure, the International Energy Agency said. “The US is set to put its stamp on global oil markets for the next five years,” IEA Executive Director Fatih Birol said in a report ...

  Read More »
• 5 March

  Saudi Arabia, Egypt sign $10 bn mega-city deal

  

  CAIRO / Reuters Saudi Arabia and Egypt set up a $10 billion joint fund to develop a planned mega-city, committing more than 1,000 square kilometres in the south Sinai, as Crown Prince Mohammed bin Salman met President Abdel Fattah al-Sisi in Cairo. The deal came at the start of Crown Prince Mohammed’s first public trip abroad since becoming heir apparent ...

  Read More »