April, 2018

• 3 April

  Australian central bank sits tight in ‘masterful’ inaction

  

  SYDNEY / Reuters Australia’s central bank left interest rates at record lows on Tuesday, the longest stretch without a change in almost three decades, and looked set to extend this period of “masterful inaction” for some time yet. As widely expected, the Reserve Bank of Australia (RBA) ended its April policy meeting with the benchmark rate at 1.5 percent, where ...

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• 3 April

  Indonesia’s incoming central bank governor pledges rupiah stability

  Bloomberg Indonesia’s incoming central bank governor vowed to ensure the stability of the currency as emerging markets brace for further volatility on the back of rising interest rates in the US and elsewhere. The Indonesian parliament on Tuesday confirmed Perry Warjiyo, 59, as the next governor of Bank Indonesia following last week’s endorsement of lawmakers from a committee responsible for ...

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• 3 April

  UPS seen at ‘breaking point’ as pilots lament too few aircraft

  

  Bloomberg United Parcel Service Inc. was already in trouble with Wall Street over a long-term investment plan to cope with soaring e-commerce. Now the company is clashing with its pilots union because of a short-term fix for the same challenge. Aviators are angry that UPS has turned to third-party cargo airlines to help make up for a shortage of aircraft ...

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• 3 April

  Amazon stock falls after new round of Trump rants

  

  Bloomberg Amazon.com Inc. fell on April 2 after a fresh round of critical comments from President Donald Trump and a Republican senator. In his latest Twitter rant, Trump said “Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed. Also, our fully tax paying retailers ...

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• 3 April

  France’s Auchan, Casino to form purchasing alliance

  

  Bloomberg Casino Guichard Perrachon SA and Auchan Retail are in exclusive talks to form a global purchasing alliance to help them negotiate better prices as competition in the French grocery market increases. The partnership would cover major national and international consumer-goods makers, the companies said in a statement. They expect it would help fuel the development of French suppliers abroad ...

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• 3 April

  Walmart in talks with pharmacy startup for takeover

  Bloomberg Walmart Inc. is in early talks about a deal for closely held PillPack, an online startup that could help grow the retail giant’s pharmacy offerings, according to people familiar with the situation. PillPack and Walmart declined to comment. CNBC first reported the talks, and said the price being discussed was less than $1 billion. It’s not clear if the ...

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• 3 April

  Here’s why blue jeans making a comeback in a yoga-pants world

  

  Bloomberg From Ralph Lauren to Calvin Klein, America’s biggest fashion labels are pinning their hopes on a blue jean revival. Across the industry, fashion brands are renewing their focus on denim, betting the wardrobe staple can be a major sales driver as jeans battle stretchy pants for supremacy from the waist down. The jeanmaking industry has been just as distressed ...

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• 2 April

  Mena to invest $574bn in energy sector by 2022

  

  DAMMAM / WAM The MENA region has committed $345 billion to critical energy projects under execution while an additional $574 billion worth of development is pla- nned over the next five years, bringing total committed and planned investments up to $919 billion to meet growing demand and demographic and urban expansions, according to MENA Energy Investment Outlook, issued by Arab ...

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• 2 April

  RAK launches petroleum licensing round

  RAS AL-KHAIMAH / WAM The Government of Ras al-Khaimah has announced the official launch of RAK’s 2018 Petroleum Licensing Round and the establishment of the new Ras al-Khaimah Petrole-um Authority, the regulator responsible for the Licensing Round tendering process and ongoing management of petroleum rights. These actions reflect the vision of HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council ...

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• 2 April

  UAE attracts AED37.8 billion FDI in 2017

  

  Dubai / Emirates Business Global investment is seeing a bumpy recovery as worldwide foreign direct investment (FDI) flows reach $1.52 trillion in 2017, according to the World Investment Report published by the United Nations Council on Trade and Development (UNCTAD). FDI to developing economies remained stable, at an estimated $653 billion, 2 percent more than the previous year. A number ...

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