February, 2018

• 17 February

  SGH Dubai recognised for high level care provided for AMI patients

  Dubai / Emirates Business SGH Dubai received the certificate of excellence as recognition from JCI for the high level of care provided for AMI patients. JCI surveyors assessed the hospital for a period of two days where they looked at the hospital’s processes, policies and measures, while comparing them to the best practices worldwide. The hospital succeeded to prove excellence ...

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• 17 February

  Walmart introduces new apparel brands to check Amazon’s growth

  

  Bloomberg Walmart Inc. is introducing low-cost clothing brands for women, kids and plus-size customers, aiming to lure shoppers as Amazon.com Inc. gobbles up more apparel sales. The store brands include Time and Tru in ladieswear — which will replace the jettisoned DanskinNow label — along with Terra & Sky in plus-size apparel and Wonder Nation for kids, according to a ...

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• 17 February

  H&M is overlooking the obvious, fear investors

  

  Bloomberg Investors in Hennes & Mauritz AB left its first ever capital markets day wondering whether the retailer is aware its clothes seem to be going out of fashion. With the value of their H&M shares down about 45 percent since the end of 2016, owners said management gave a lot of details on pretty much everything except the main ...

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• 17 February

  Kraft Heinz plunges after weak results boost deal pressure

  

  Bloomberg Kraft Heinz Co. suffered its worst stock decline in more than two years after posting disappointing sales and profit, boosting speculation that the food giant will need a large acquisition to fuel growth. The shares tumbled as much as 7 percent in the wake of the results, which reflected a persistent slump in the US packaged-food industry. Though Kraft ...

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• 17 February

  Air France-KLM plans capacity splurge as discount rivals circle

  

  Bloomberg Air France-KLM Group said it will accelerate capacity increases despite an uncertain economic climate in order to defend its share of an air-travel market that’s becoming flooded with discount rivals. The Paris-based carrier will boost seating by up to 4 percent this year in a bid to combat the low-cost challenge, even as fuel expenses jump by a forecast ...

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• 17 February

  Airbus jumps to decade-high after pledge to fix planes

  Bloomberg Airbus SE promised 20 percent earnings growth this year — pushing the stock up the most since 2008 — so long as it can iron out persistent manufacturing problems on two key aircraft programs. The European planemaker ended 2017 with a record order backlog and delivered more jets than ever before. The shares advanced as much as 10 percent ...

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• 17 February

  Nigeria independent drillers could give OPEC an ‘output headache’

  

  Bloomberg Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies like Russia are trying to restrict output and prop up prices. Domestic Nigerian producers are aiming to pump almost 250,000 barrels a day more crude by 2020 as part of a wider plan for the nation to ...

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• 17 February

  TransCanada expands gas pipelines with Keystone XL in limbo

  

  Bloomberg While TransCanada Corp. continues to weigh whether to build its long-delayed Keystone XL oil pipeline, the company announced another major expansion of its natural gas system in Alberta. TransCanada will spend C$2.4 billion ($1.9 billion) to expand its NGTL System, adding 1 billion cubic feet of daily shipping capacity, according to a statement. The company struck binding agreements with ...

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• 17 February

  SunPower ready to sell $1.4bn in long-term solar leases

  Bloomberg SunPower Corp. is willing to sell about $1.4 billion in long-term solar leases to raise $200 million now. The 45,000 contracts stretch out for as long as two decades, generating monthly payments from customers that altogether installed 400 megawatts of rooftop panels. SunPower took a non-cash charge of $474 million in the fourth quarter as a result, the San ...

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• 17 February

  Crude rises as stocks recover, dollar flounders

  Bloomberg Oil posted its first weekly increase since last month as rebounding equity markets eased concern about economic growth and a weakening dollar boosted the allure of commodities priced in the US currency. Futures in New York rose 0.6 percent and gained 4.2 percent this week. The greenback touched a three-year low earlier in the day before edging higher, though ...

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