May, 2019

• 6 May

  Powell’s pivots leave Wall Street dazed

  

  Bloomberg Federal Reserve Chairman Jerome Powell, who pledged early in his tenure to speak in “plain English” and improve the central bank’s public communications, is finding it tough to deliver a clear message. In the latest of several reversals, Powell dismissed the recent deceleration in prices as likely “transitory,” six weeks after he described low inflation as “one of the ...

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• 6 May

  ‘S Africa banks should be forced to fund coal mines’

  Bloomberg South Africa’s banks should be forced to invest in new coal mines in the country, the ruling African National Congress’s head of economic transformation said. Nedbank Group Ltd. and Standard Bank Group Ltd. have said “they are not going to put money in coal any more,” Enoch Godongwana said in an interview on Ca- rte Blanche, a Johannesburg-based investigative ...

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• 6 May

  Boeing left airlines, FAA in dark on alert linked to 737 crashes

  

  Bloomberg Boeing Co knew months before a deadly 737 Max crash that a cockpit alert wasn’t working the way the company had told buyers of the single-aisle jetliner. But the planemaker didn’t share its findings with airlines or the Federal Aviation Administration until after a Lion Air plane went down off the coast of Indonesia in October, according to a ...

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• 6 May

  41 dead in Moscow’s Aeroflot plane fire

  

  Bloomberg An Aeroflot PJSC plane on a domestic Russian flight made a fiery emergency landing at Moscow’s Sheremetyevo Airport, killing 41 people. Flight SU1492 to Murmansk, a Sukhoi Superjet, suffered an engine fire after technical problems forced it to return to Moscow, Aeroflot said in a statement. The plane, with 73 passengers and five crew members aboard, made a hard ...

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• 6 May

  Yum drops after Pizza Hut sales fail to take off

  

  Bloomberg KFC and Taco Bell have again propped up parent Yum! Brands Inc, whose total sales topped estimates last quarter, but the company’s Pizza Hut chain is another story. The shares fell the most in almost three months. The chicken and Mexican businesses helped drive Yum’s same-store sales up 4 percent in the period, topping projections for 2.7 percent growth ...

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• 6 May

  S African Airways to start direct flights to Guangzhou

  

  Bloomberg South African Airways will begin a direct service from Johannesburg to Guangzhou in September, looking to expand its business with China. The new route will have three flights a week and the schedule was expected to be published on Monday, the airline said. The carrier is aiming to attract business passengers, including corporate clients and traders, it said. “Adding ...

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• 6 May

  Adidas soars to record as China, e-commerce bring relief

  

  Bloomberg Adidas AG shares soared to a record as the German sportswear giant tapped the marketing power of soccer star Lionel Messi and celebrities like Kanye West to boost sales in China, extending its half-decade hot streak. The German sports apparel maker benefited from double-digit growth in the Asian nation in the first quarter, compensating for weakness in Europe and ...

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• 5 May

  Emaar Properties sales soar 53% to AED5.98bn in Q1

  

  DUBAI / Emirates Business Emaar Properties achieved one of the highest quarterly property sales in Dubai during the first quarter (January to March) of 2019 recording an increase of 53 percent to AED5.979 billion ($1.628 billion) compared to the Q1 2018 sales of AED3.906 billion ($1.063 billion). The sales to international customers more than doubled in Q1 2019 to AED2.645 ...

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• 5 May

  Air Arabia posts 16% rise in Q1 net profit

  

  Sharjah / Emirates Business Air Arabia on Sunday reported strong financial results for the first quarter (January to March) 2019 as the Middle East & North Africa’s first and largest low-cost carrier continued to deliver solid commercial and operational results. Air Arabia reported a net profit of AED128 million for the three months ending March 31, 2019, a 16 percent ...

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• 5 May

  Etihad to increase services to London Heathrow airport

  ABU DHABI / WAM Etihad Airways will boost its services from Abu Dhabi to London Heathrow during the busy summer period. The additional flights will be operated by a Boeing 787-9 Dreamliner, supplementing the current three daily all-Airbus A380 services between both capital cities. Between May 26 and June 22, four daily flights will be operated on the route, increasing ...

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