November, 2017

• 28 November

  Airbus picks Rolls’ Schulz to succeed sales supremo Leahy

  

  Bloomberg Airbus SE appointed Rolls-Royce Holdings Plc’s Eric Schulz as sales chief, plucking a top executive from one of its most important partners to replace John Leahy, who racked up more than $1.7 trillion dollars in jetliner deals over 23 years. Schulz, 54, the head of civil aerospace at the UK engine maker, will join Airbus as an executive vice ...

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• 28 November

  IAG chooses Paris as second base for Level

  

  Bloomberg British Airways owner IAG SA chose Paris as a second base for its discount airline Level, which will offer transatlantic flights to destinations like New York and the Caribbean as carriers compete to lower prices on longer routes. CEO Willie Walsh unveiled the plan in the French capital, which won out over Rome for the designation. Level plans to ...

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• 28 November

  EasyJet reports gender pay gap at 52%, UK’s highest

  

  Bloomberg EasyJet Plc, Britain’s biggest discount airline, has revealed that men at the company earn on average 51.7 percent more than women, one of the highest gender pay gaps reported so far in the UK as part of government transparency requirements. Under the new rules, businesses with more than 250 employees have to report the extent of the pay gap ...

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• 28 November

  Macy’s chief sees strong start to holidays

  

  Bloomberg Macy’s Inc. CEO Jeff Gennette says the holiday season is off to a strong start, helped by a surge in outerwear sales. The retailer had sold 200,000 coats during Black Friday morning itself, Gennette said in an interview. And he expects to ring up a million coats, sweaters and fleeces during the long weekend. The outlook suggests that Macy’s ...

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• 28 November

  Bali airport shut again as ash cloud soars from Volcano

  

  Bloomberg The airport in Bali will remain closed for a second day as a volcano on the Indonesian island continued to rumble, prompting more flight cancellations while authorities scrambled to assist stranded passengers. The Ngurah Rai International Airport at the popular Asian tourist spot will be shut until 7 am on Wednesday, Sutopo Purwo Nugroho, a spokesman for Indonesia’s National ...

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• 28 November

  OPEC backs nine-month extension of output cuts

  

  Bloomberg All OPEC members support extending their oil production cuts until the end of 2018, although Russia hasn’t yet committed to the proposal bef- ore Thursday’s meeting in Vienna, said people familiar with the matter. While Russia and the Organization of Petroleum Exporting Countries have crafted the outline of a deal to continue their curbs for nine months beyond the ...

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• 28 November

  Shell restores full cash dividend as it emerges from crude slump

  

  Bloomberg Royal Dutch Shell Plc will pay its entire dividend in cash for the first time in more than two years as Europe’s biggest oil company seeks to demonstrate it has left the worst of the crude slump behind. From this quarter, Shell will no longer offer shareholders the option to take the payout in stock, it said. The company ...

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• 28 November

  Afghan’s largest solar plant to secure $45mn bank fund

  

  Bloomberg Afghanistan will build its first 20-megawatt solar power plant in a bid to meet rising energy demand in a country that imports most of its electricity. The project in the capital will be funded by the Asian Development Bank, which is providing $45 million, according to a statement emailed. It will be built in the Naghlu area of Kabul’s ...

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• 28 November

  Oil extends declines towards $63

  

  Bloomberg Brent crude slipped towards $63 a barrel before OPEC and its allies meet this week to discuss prolonging their output cuts beyond March. Futures dropped as much as 1.2 percent in London, extending Monday’s decline. Uncertainty over the outcome of Thursday’s meeting is creating the risk of a slide in prices, which have gained on assumptions that the curbs ...

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• 28 November

  Drivers, not refiners, may bear brunt of US biofuel quotas

  

  Bloomberg Senator Ted Cruz may want to spotlight a new victim in the King Corn versus Big Oil tussle: US motorists. The Texas Republican took up arms for fuel makers after President Donald Trump upheld the Renewable Fuel Standard, the 12-year-old rule that forces refiners to either mix biofuels in with their gasoline and diesel or buy credits. Despite the ...

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