January, 2018

• 22 January

  Stocks, Treasuries gain as Senate vote to end shutdown

  

  Bloomberg Stocks and Treasuries gained, while the dollar erased losses as the US Senate prepared to vote on ending a partial government shutdown. The S&P 500 Index rose following a third straight weekly advance as investors awaited about 80 earnings reports this week, including from Netflix Inc. and Proctor & Gamble Co. The dollar edged higher along with 10-year Treasuries …

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• 22 January

  Hong Kong market rally drives share sale boom

  

  Bloomberg Hong Kong’s market rally is benefiting developers to drugmakers, which rushed to sell stock in the biggest week for follow-on equity offerings in more than two years. Companies listed in the city priced a combined $2.5 billion of such share sales last week, making it the busiest week since June 2015, according to data compiled by Bloomberg. The flood …

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• 22 January

  Gulf stock markets sluggish

  Reuters Gulf stock markets were sluggish in early trade on Monday with real estate developers weighing on Dubai because of continued concern about the impact of ample supply of new homes on the sector. The Dubai index lost 0.6 percent to 3,492 points as Emaar Properties dropped 0.8 percent and Deyaar and Union Properties both fell 0.7 percent. In the …

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• 22 January

  GE engine venture may oust Rolls from Emirates A380 deal

  

  Bloomberg General Electric Co.’s A380 engine venture with Pratt & Whitney may be poised to muscle back in on the double-decker jet following Airbus SE’s deal to sell 36 superjumbos to Gulf carrier Emirates. While Rolls-Royce Holdings Plc is supplying Trent 900 turbines for the last 50 A380s ordered by Emirates, the Dubai airline is leaning towards a rival powerplant …

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• 22 January

  Richemont to buy online luxury retailer for $3.3bn

  

  Bloomberg Richemont agreed to take full control of online luxury retailer Yoox Net-a-Porter SpA for about 2.7 billion euros ($3.3 billion), reflecting ecommerce’s inroads into the world of $5,000 Cartier necklaces and $50,000 Vacheron Constantin watches. Investors would receive 38 euros a share, the Geneva-based luxury-goods company said in a statement. Richemont already owns 50 percent of YNAP. The bid …

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• 22 January

  Norwegian sets record for fastest transatlantic flight

  

  Bloomberg To the envy of plane-weary travellers everywhere, passengers aboard a Norwegian Airlines flight from New York to London were treated to a pleasant surprise: They arrived 53 minutes ahead of schedule, making theirs the fastest transatlantic flight ever recorded on a subsonic commercial aircraft. The final flight time: five hours and 13 minutes. The good time came thanks to …

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• 22 January

  Coke to expand recycling as pressure mounts to cut plastic

  

  Bloomberg Coca-Cola Co. CEO James Quincey is kicking off a recycling spree, part of efforts to burnish the beverage giant’s image. The soft-drink company, which operates in more than 200 countries, is setting the goal of recycling one bottle or can for everyone it sells by 2030. It’s also pledging to become a corporate leader in reducing the plastic waste …

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• 22 January

  Top Indian oil explorer plans to raise $5.48bn to buy HPCL

  

  Bloomberg India’s biggest oil and gas explorer has widened its first debt-raising plan to as much as $5.48 billion to buy state-run refiner Hindustan Petroleum Corp. Oil & Natural Gas Corp’s board has approved raising as much as 350 billion rupees in loans to buy the government’s 51.1 percent stake in HPCL, Chairman Shashi Shanker said in New Delhi. That …

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• 22 January

  Iraq, Orion sign deal on natural gas processing

  

  BAGHDAD / Reuters Iraq agreed a deal with US energy company Orion on Monday to process natural gas extracted at its giant Nahr Bin Omar oilfield. The memorandum of understanding, signed in Baghdad by representatives of the oil ministry and the US company, will allow Orion Gas Processors to build facilities to capture the gas from the field located in …

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• 22 January

  Libyans ditch dollars as crude recovery offers economic relief

  Bloomberg Libya’s powerful black market traders are encountering an unfamiliar sight: people showing up with bundles of dollars for sale. Rising oil prices have relieved financial pressure on Libya, allowing authorities to channel more dollars to importers since the start of the year. Meanwhile, the central bank has eased restrictions on currency transfers that had made the black market the …

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