December, 2019

• 14 December

  BlackRock has a few TIPS for avoiding its big 2020 risk

  

  For those following 2020 market outlooks, the past two days have been dominated by BlackRock Inc. The world’s largest money manager began unveiling its calls for the coming year added TV appearances and journalist discussions with its most senior investors and strategists around the globe. The broadest takeaway is that 2019’s “extraordinary returns” across asset classes won’t continue over the ...

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• 14 December

  FAA won’t clear 737 max fixes until 2020, agency chief says

  

  Bloomberg US government approvals needed to return Boeing Co’s 737 Max to the skies won’t be completed until 2020, the top US aviation regulator said, dashing the company’s hopes to complete key milestones this year needed to end the aircraft’s nine-month grounding. “If you do the math, it’s going to extend into 2020,” Federal Aviation Administration Administrator Stephen Dickson told ...

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• 14 December

  Thomas Cook set for 2020 relaunch by Chinese owner

  

  Bloomberg Thomas Cook is set to be relaunched by its Chinese owner, who plans to use the 178-year-old British tour operator’s brand on a travel platform targeting European customers. Fosun Tourism Group, the Shanghai-based company that bought Thomas Cook’s trademark following its dramatic collapse in September, will debut the platform in the first half of next year, according to a ...

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• 14 December

  Delta Air steps back from private-jet charter business in deal with Wheels Up

  

  Bloomberg Delta Air Lines Inc will leave the private-jet charter business after 20 years, selling the struggling operation to Wheels Up Partners in a deal expected to close early next year. The airline will retain an unspecified equity stake in closely held Wheels Up, Delta said. Financial terms weren’t disclosed. Wheels Up Chief Executive Officer Kenny Dichter will continue leading ...

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• 14 December

  Nestle sells ice-cream business in US for $4bn

  

  Bloomberg Nestle SA Chief Executive Officer (CEO) Mark Schneider keeps cutting the sugar and fat. The question is what he’ll add to spur growth at the world’s biggest food company. In the CEO’s second-biggest disposal, the Swiss company sold its US ice cream business to a joint venture with private equity firm PAI Partners for $4 billion. That adds the ...

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• 14 December

  On Amazon, T-shirts with slogans expose trademark feud

  

  Bloomberg A growing number of sellers on Amazon.com Inc’s platform are finding how painful it can be when Amazon’s absolute power over their small businesses meets a bureaucratic US government system not built for the 21st century. The issue involves trademarks filed with the US Patent and Trademark Office (PTO), a federal agency meant to ensure brands big and small ...

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• 11 December

  India’s parliament approves anti-Muslim citizenship bill

  

  Bloomberg India’s Parliament approved a controversial bill that prevents illegal Muslim migrants from neighbouring countries from receiving citizenship after hours of heated debate among lawmakers and protests in some parts of the country. The bill, which offers amnesty to non-Muslim illegal migrants from three neighbouring countries, was approved in the upper house of Parliament on Wednesday after it secured more ...

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• 11 December

  Abu Dhabi unveils AED4bn plan to expand Khalifa Port

  

  ABU DHABI / WAM After seven record years of operational growth, the Abu Dhabi Ports flagship Khalifa Port is set for further expansion, said company executives. Khalifa Port, strategically situated halfway between Abu Dhabi and Dubai, was officially inaugurated on December 12, 2012, by President His Highness Sheikh Khalifa bin Zayed Al Nahyan. Of particular note is the investment of ...

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• 11 December

  Abu Dhabi hotel revenue up by 46.0% in October

  Abu Dhabi / WAM The hotel establishments room revenue index increased by 13.3% in October as compared with same month last year, while the same index increased by 46.0% against September, according to data released by Statistics Centre – Abu Dhabi (SCAD) on Wednesday. The hotel establishments price index increased by 22.8% in October compared with September. The hotel room ...

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• 11 December

  Refined oil product stocks at Fujairah hub rise 2.5%

  

  FUJAIRAH / WAM Refined oil product stocks at the Middle Eastern hub of Fujairah rose 2.5 percent in the week to December 9 on the back of increased gasoline and other light distillate stockpiles, according to data released on Wednesday by the Fujairah Oil Industry Zone, FOIZ. Total inventories rose to 21.337 million barrels during the last week, bringing the ...

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