August, 2017

• 8 August

  SNC-Lavalin targets Canada projects

  

  Bloomberg Canada’s biggest builder is keeping its focus at home even as US President Donald Trump pledges to ramp up infrastructure spending next door. SNC-Lavalin Group Inc. is bidding on projects such as light-rail lines in Ottawa and Toronto and a $4.7 billion rapid-transit system for Montreal, as Prime Minister Justin Trudeau follows through on a pledge to invest C$120 ...

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• 8 August

  Volkswagen offers ‘rebates’ in Germany

  Bloomberg Volkswagen AG is offering as much as 10,000 euros ($11,800) to drivers in Germany willing to trade in older diesel cars for a newer auto, intensifying a push to get aging vehicles off the road as the company’s emissions scandal evolves into an industrywide crackdown. The namesake VW brand will give back 2,000 euros to buyers of a new ...

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• 8 August

  As Toyota, Mazda scour US for plant, Mississippi opens arms

  

  Bloomberg As Toyota Motor Corp. and Mazda Motor Corp. begin to scour the US for where to put the first auto assembly plant announced under US President Donald Trump, one state looks like a frontrunner: Mississippi. The Magnolia State already is home to a Corolla factory that’s been producing the compact car for almost six years. Toyota and Mazda plan ...

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• 8 August

  Boeing, NASA aim to flying geese in bid to save fuel

  

  Bloomberg Boeing Co. and NASA have found an inexpensive way to cut airline fuel bills by borrowing a trick from the world’s greatest long-distance aviators: migratory birds. By lining up cruising aircraft in a V-shaped formation favoured by Canada geese, carriers would be able to produce a leap in efficiency without investing in structural makeovers or futuristic technology. The idea ...

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• 8 August

  Now, enjoy Sydney Opera’s podcasts on Etihad flights

  

  EMIRATES BUSINESS How many stories can you consume in a 21-hour, 37-minute flight from Sydney to London? Now you can find out, with more than 50 hours of original Sydney Opera House available to the 18 million passengers who travel Etihad Airways worldwide each year. Two of the Sydney Opera House’s most popular podcasts, This Kid Life and It’s A ...

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• 8 August

  Michael Kors surges

  Bloomberg Michael Kors Holdings Ltd.’s strategy to entice shoppers and get them to pay more for its luxury apparel and handbags is showing some signs of success. Profit and sales in the quarter that ended in July exceeded analysts’ estimates, driving the shares up as much as 14 percent in early trading. The fashion house has been refreshing designs and ...

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• 8 August

  An airline fare war taking off, courtesy Frontier

  

  Bloomberg Frontier recently jolted the US airline industry by issuing a press release that brimmed with boldness. Given the implications of the scrappy carrier’s news, the superlatives were arguably a harbinger of war. A fare war, to be exact. The ultra low-cost carrier (ULCC) that sports wild animals on its tails plans to double its footprint by next summer, adding ...

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• 8 August

  Saudi oil sales cut exceeds OPEC pledge

  

  DUBAI / Reuters Saudi Arabia will cut crude oil allocations to its customers worldwide in September by at least 520,000 barrels per day, an industry source said on Tuesday, as the top oil exporter makes good on its pledge to help rein in a global supply glut. State oil giant Saudi Aramco will cut supplies to most buyers in Asia ...

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• 8 August

  Egypt moves to end state monopoly of natural gas market

  

  Bloomberg Egypt is opening the door to private participation in its natural gas sector, moving to end the state’s monopoly as it pushes ahead with reforms meant to encourage investment and revive the economy. The new law signed by President Abdel-Fattah El-Sisi sets up a natural gas regulatory authority charged with licensing and devising a plan to open the gas ...

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• 8 August

  ‘UK energy imports need Brexit care’

  

  Bloomberg Centrica Plc, Britain’s biggest supplier of power and natural gas, wants the nation to retain influence on European Union energy policy after Brexit because the country’s prices will be set by neighboring markets. “Our imports are growing and prices are set by the European market,” said Iain Conn, chief executive officer of the Windsor, England-based utility that last week ...

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