September, 2017

• 26 September

  Merkel’s tainted victory betrays a ‘dark past’ stalking Europe

  

  Bloomberg The surge in support for Germany’s anti-immigrant party in weekend elections is a stark reminder of the fault line that cuts through the European Union. Chancellor Angela Merkel starts a fourth term with her victory tainted by the far-right AfD entering parliament for the first time after a particularly strong showing in former East Germany. Next door, the Czechs ...

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• 26 September

  JetBlue to US: Reject Boeing in Bombardier trade dispute

  

  Bloomberg JetBlue Airways Corp. is urging US regulators to reject Boeing Co.’s fair-trade complaints against Bombardier Inc. as the New York-based airline considers adding new planes to its fleet. Boeing’s claim that Bombardier sold its C Series jets in the US at less than fair value thanks to Canadian government subsidies presents “a threat to JetBlue’s ability to continue to ...

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• 26 September

  In-flight Wi-Fi to make airlines earn ‘$4 more’

  

  Bloomberg Each airline passenger will be worth $4 more per flight to carriers once they’re able to offer uninterrupted broadband services, according to a study commissioned by satellite-communications provider Inmarsat Plc. In-flight connectivity should generate $30 billion for airlines by 2035 out of an overall market of $130 billion including technology providers and related companies, the report compiled by the ...

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• 26 September

  Target to raise hourly wage to $11 in October

  

  Bloomberg Target Corp. is giving thousands of its employees a pay raise next month, hoping to stay ahead of Wal-Mart Stores Inc. and other rivals in the war for talent. The retailer announced plans to boost its minimum hourly wage to $11 an hour in October. Target will later up the rate to $15 by the end of 2020. The ...

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• 26 September

  Russian retailer backed by Brooklyn Nets billionaire weighs IP0

  

  Bloomberg Obuv Rossii, a Russian shoe retailer backed by billionaire Brooklyn Nets owner Mikhail Prokhorov, is seeking to raise as much as $120 million in an initial public offering, according to a person familiar with the matter. The company may offer a stake of as much as 40 percent on the Moscow Exchange in October and use the proceeds to ...

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• 26 September

  Europe could attract $417 billion with higher wind-power target

  

  Bloomberg Europe’s wind power industry may attract 351 billion euros ($417 billion) of investment by 2030 if countries adopt reforms and targets for their energy systems in the next year, trade association WindEurope said. The European Union may create 716,000 jobs with a target for member states to produce 35 percent of their energy from renewables within 12 years, the ...

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• 26 September

  Oil prices to rise to $60 as OPEC likely to extend cuts

  

  SINGAPORE / Reuters Oil prices may rise to $60 a barrel by the end of this year or by early 2018 as OPEC and non-OPEC producers are expected to extend supply cuts beyond March, while oil inventories continue to decline, a former Saudi energy ministry official said in Washington. “With the current arrangement and commitment of major producers, and their ...

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• 26 September

  Crude back in bull market as Kurdish vote amplifies supply risk

  

  Bloomberg US crude was back in a bull market on Tuesday as Turkey threatened to shut down Kurdish oil exports in response to the region’s independence vote, while Trafigura Group and Citigroup Inc. added to warnings of a looming supply squeeze. Turkey can “close the valves” on oil shipments from Kurdistan, Turkish President Recep Tayyip Erdogan said. Ankara opposes an ...

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• 26 September

  Kuwait wealth fund assets grew over 34 percent in five years

  

  KUWAIT / Reuters Assets managed by Kuwait Investment Authority (KIA), one of the world’s biggest sovereign wealth funds, have grown more than 34 percent over the past five years, Finance Minister Anas al-Saleh said. Speaking at a Euromoney conference, Saleh described the state’s reserves and assets, managed by the KIA, as representing a “safety valve” for the economy during times ...

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• 26 September

  BP begins production at Khazzan gas field

  

  Reuters BP said it had begun production at the Khazzan gas field in Oman, the sixth and largest of seven new upstream projects that are due to start for the British oil giant this year. Production at the field follows on from BP’s onshore compression and Juniper projects in Trinidad, West Nile Delta Phase 1 in Egypt, Persephone in Australia ...

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