March, 2017

• 22 March

  Asia shares sink as investors fret over Trump reforms

    SEOUL / AP Shares fell in Asia on Wednesday after US stocks took their biggest loss in five months. The sell-off overnight on Wall Street was spurred by obstacles to a health care bill backed by President Donald Trump that also raised questions over prospects for his agenda of boosting growth by cutting taxes and regulations. Japan’s Nikkei 225 ...

  Read More »
• 22 March

  New security measure could force travellers to reroute trips

  

    DALLAS / AP A new security measure banning many electronic devices on flights from 10 mostly Muslim countries is leading travellers to reconsider their plans to fly through some airports in the Middle East and Africa. Paula Berger, an energy-company manager, and a co-worker have tickets to fly from the US through Dubai to Hyderabad, India, where her company ...

  Read More »
• 22 March

  Kraft Heinz expands sustainability push after UK’s unilever offer

  

    Bloomberg Kraft Heinz Co., rebuffed recently in its bid to buy Unilever, is investing $200 million in an expanded corporate social responsibility program that includes a pledge to fight malnutrition and decrease its environmental footprint. The Kraft Heinz announcement comes about a month after the company pulled a $143 billion bid to buy Unilever, saying it didn’t want to ...

  Read More »
• 22 March

  Lazada brings Alibaba’s biggest bazaar to Singapore

    Bloomberg Alibaba’s bringing its teeming Taobao internet marketplace to Singapore. Alibaba Group Holding Ltd. and Lazada Group SA are teaming up to sell select Taobao products direct to shoppers in the affluent island-state, striking their first partnership since the Chinese company took control of Southeast Asia’s largest e-commerce operator a year ago. Lazada is launching a dedicated website that ...

  Read More »
• 22 March

  Rehlat reveals top five travel hacks

  

    Emirates Business Rehlat, the hottest new online travel company in the region offers the best experience possible for its customers. A team of experts compiled quick and easy guidelines to help travellers have an easier journey, alongside the online travel agency’s most sought after deals. WARNING: FRAGILE! Did you know that if you put fragile tape on your luggage ...

  Read More »
• 22 March

  Bebe to close stores in brick-and-mortar retreat

  

    Bloomberg Bebe Stores Inc., a women’s apparel chain with locations across the US, is planning to shut its stores and seek a turnaround as an online brand, according to people familiar with the situation. The company is trying to close the locations without filing for bankruptcy, said the people, who asked not to be identified because the efforts aren’t ...

  Read More »
• 22 March

  Climate outlook better on fewer coal plants

  

    BEIJING / AP Led by cutbacks in China and India, construction of new coal-fired power plants is falling worldwide, improving chances climate goals can be met despite earlier pessimism, three environmental groups said on Wednesday. A joint report by the groups CoalSwarm, the Sierra Club and Greenpeace follows a warning this week by two international agencies that the world ...

  Read More »
• 22 March

  US nuclear subsidies may trigger higher power bills

  

    Bloomberg Expanding state aid to money-losing nuclear reactors across the eastern US may leave consumers on the hook for as much as $3.9 billion a year in higher power bills. Nuclear plant owners are seeking subsidies in Ohio, Connecticut, Pennsylvania and New Jersey after Exelon Corp. won state aid for reactors in Illinois and New York last year. Should ...

  Read More »
• 22 March

  Oil investment trio hunts for bargains after crude crash

    Bloomberg A trio of Houston-based private-equity funds is sifting through the oil industry with a view to potentially reaching $4 billion of investments after the market crash created some bargains. Argus Energy Managers, made up of three firms that invest in smaller explorers and service providers, expects to end the year with combined funds north of $2 billion and ...

  Read More »
• 22 March

  Toshiba’s collateral on loans raises bond payment worries

  

    Bloomberg Toshiba Corp. bondholders, who have seen their investments tumble in recent months, have a new reason to worry: they may be paid only after banks in the event of a default. The concerns surfaced after people familiar with the matter said the Tokyo-based company is offering stock holdings and real estate as collateral to lenders as it seeks ...

  Read More »