March, 2017

• 12 March

  Exxon pleases Trump with $20 billion shale building move

  

    Bloomberg Exxon Mobil Corp. announced a $20 billion building spree in the heart of the US chemical and refining industry, a program it said would create 45,000 jobs. President Donald Trump quickly tweeted his support, calling the oil producer a “special company.” The only problem? The announcement just gave a name to a series of investments the company began ...

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• 12 March

  Hitachi eyes US rail growth amid seismic political change

  

    ROCKLAND / AP Hitachi Ltd. is aiming to expand its rail business in the US by bidding for streetcar and light-rail projects as President Donald Trump pledges to spend as much as $1 trillion to upgrade infrastructure across the country. The Japanese conglomerate “sees quite a big opportunity” in the US, Alistair Dormer, chief executive officer of Hitachi Rail ...

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• 12 March

  WeWork giving away $20 million in cash to other startups

  

    Bloomberg Unlike most startups, WeWork Cos. doesn’t seem to struggle with raising money. Soon it’ll start spreading some of its cash around to smaller startups, partly in the hopes of luring them to become WeWork customers. The New York-based co-working giant said it’ll give away $20 million in cash prizes to entrepreneurs and small businesses in a series of ...

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• 12 March

  Belgian-German chipmaker aims for $530mn IPO

  

    Bloomberg German-based chipmaker X-Fab Silicon Foundries SE expects to raise about 500 million euros ($530 million) via an initial public offering in order to fund its global production expansion. The company with headquarters in Erfurt, central Germany, said it intends to list shares on the Euronext Paris exchange in a primary offering of new shares worth 250 million euros ...

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• 12 March

  EBay exports ‘Russia growth tactics’ to take on Amazon, Alibaba

  

    Bloomberg EBay Inc. is exporting a method to boost cross-border sales it pioneered in Russia to 120 territories, as the online marketplace seeks to recapture growth in the face of competition from Amazon and Alibaba. In many places, EBay still means domestic classifieds; Americans mostly sell to Americans, Britons mostly to UK customers. But a few years ago, EBay’s ...

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• 12 March

  Qatar Airways chief says will not take any Airbus A320neos this year

  

    BERLIN / Reuters Qatar Airways will not take delivery of any Airbus A320neo aircraft this year as it looks to change its order to larger A321neos, Chief Executive Akbar Al Baker said. The Gulf carrier has refused to take delivery of Airbus A320neos since December 2015, initially after performance issues with the aircraft’s new engines. “I have to scream ...

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• 12 March

  Boeing’s new jetliner gets a peek from United

  

    Bloomberg United Airlines has taken a close look at an all-new jetliner that Boeing Co. engineers are developing for trans-Atlantic flying, and likes what it sees. “What we’ve seen so far is very, very interesting to us,” Andrew Levy, United’s chief financial officer, said in an interview. “We certainly hope Boeing launches the airplane. We think there is a ...

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• 12 March

  Etisalat named most valuable telecoms brand portfolio in Mideast

  

    Abu Dhabi / Emirates Business Etisalat is recognised as the most valuable of any telecoms brand portfolio in the Middle East by leading London based brand valuation and strategy consultancy ‘Brand Finance’. This recognition was mainly due to its focussed programme on brand activities, management of significant global sponsorship properties and local events targeted at both consumer and business ...

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• 12 March

  Chef turns Zoom Air chief as Modi boosts flights across India

  

    Bloomberg Koustav Dhar used to work as a chef for a major hotel chain in India before hanging up his apron nearly two decades ago and becoming an airline executive. Since then, he’s worked at, or run three domestic Indian carriers. One was shut down, another sold, and the third failed to take off despite a license to operate ...

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• 12 March

  HSBC close to naming AIA’s Mark Tucker as chairman

  

    Bloomberg HSBC Holdings Plc made insurance executive Mark Tucker the preferred candidate to be chairman, replacing Douglas Flint, according to two people familiar with the decision, as Europe’s largest bank takes the first step to overhaul its top management team. Tucker, 59, chief executive officer of AIA Group Ltd. and former head of Prudential Plc, is in discussions with ...

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