September, 2016

• 24 September

  Indian IPOs’ finance fetish will keep investors seduced

  

    Bloomberg Six years ago, India’s biggest share sale was in commodities. Now, as the IPO market heats up again, the key to investors’ hearts lies in finance. ICICI Prudential Life Insurance’s float has attracted strong demand, drawing orders of 10.5 times the amount of stock available to raise as much as 60.6 billion rupees ($909 million). It’s the nation’s …

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• 24 September

  Five killed in US mall shooting, gunman flees

  

    Los Angeles / AFP Police were searching on Saturday for a gunman who killed five people during a shooting at a mall in the US state of Washington, amid a raging national debate over gun control. Four women and one man were killed, police said in an updated toll. The man had been taken to hospital with life-threatening injuries, …

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• 24 September

  7 face death for killing officer in Egypt

    Cairo / AFP An Egyptian court on Saturday sentenced seven men to hang for killing a police general in the unrest following the 2013 military overthrow of president Mohamed Morsi. It was the defendants’ second trial, after having won an appeal against an initial sentencing. They can appeal one last time. General Nabil Farag was shot dead in September 2013 …

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• 24 September

  North Korea air show thumbs nose at sanctions

  

    Wonsan / AFP Just weeks after carrying out its fifth nuclear test, North Korea put on an unprecedented civilian and military air force display on Saturday at the country’s first ever public aviation show. The two-day Wonsan International Friendship Air Festival was held at the newly refurbished Kalma Airport — previously a military airfield — completed last year to boost …

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• 24 September

  Obama vetoes 9/11 lawsuit bill

  

    Washington / AFP President Barack Obama vetoed a bill allowing 9/11 families to sue Saudi Arabia, risking a fierce public backlash and rare congressional rebuke. While expressing “deep sympathy” for the families of the victims, Obama said the law would be “detrimental to US national interests.” The White House tried and failed to have the legislation — which was unanimously …

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• 24 September

  Wounded Merkel meets Balkan leaders over migrants

  

    Vienna / AFP German Chancellor Angela Merkel, stung by several setbacks at the ballot box over her refugees policy, was due in Vienna on Saturday for potentially tense talks with the leaders of countries along the Balkan migrant route. They include Prime Minister Victor Orban of Hungary who has been sharply critical of Merkel’s “open-door” policy, Prime Minister Alexis Tsipras …

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• 24 September

  60 nations back airline emissions plan

  

    Bloomberg At least 60 nations have agreed to join the voluntary phase of a United Nations programme that would require international airlines to buy credits offsetting their pollution, including new commitments from major emitters like Japan, South Korea, and the United Arab Emirates. The White House believes the new commitments provide critical momentum for the proposed deal heading into …

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• 24 September

  Alaska Air to extend US review of Virgin takeover

  

    Bloomberg Alaska Air Group Inc. and Virgin America Inc. have agreed to give US antitrust officials more time to review their $2.6 billion deal after the government raised concerns that the combination may undermine competition in some markets. Alaska didn’t specify how much more time it’s given to the Justice Department to complete the review. The airlines had originally …

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• 24 September

  Aritzia may raise $304mn in IPO after upsizing deal

  

    Bloomberg Aritzia Inc., a Canadian women’s fashion retailer, may raise as much as C$400 million ($304 million) in its initial public offering after boosting the amount of shares being offered by 25 percent. Aritzia owners lifted the number of subordinated shares being sold to 25 million from 20mn, according to sale documents. The shares are being marketed for C$14 …

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• 24 September

  Avianca Airlines seeks separate partners with eye to merge

  

    Bloomberg Colombia’s Avianca Holdings SA and Avianca Brasil, the two airlines controlled by the Efromovich brothers, are seeking separate international partners while maintaining a long-term goal of merging, Jose Efromovich said. “We are under confidentiality agreements’’ and many companies have shown interest, Efromovich, the chairman of Avianca Brasil, said in an interview in Sao Paulo. “We are looking for …

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