March, 2017

• 13 March

  Gordmans Stores files bankruptcy

  

    Bloomberg Gordmans Stores Inc., the century-old discount department store chain, filed for bankruptcy after posting losses in five of the past six quarters. The company listed total debt of $131 million in Chapter 11 papers filed Monday in Nebraska. Gordmans, which operates about 100 stores, is the latest victim in a retail industry suffering from sluggish mall traffic and ...

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• 13 March

  Etihad gives crown of ‘Taste the World’ to Harry Stockdale-Powell

  

    Sydney / Emirates Business Etihad Airways, the national airline of the United Arab Emirates and official airline partner of ‘Taste of Sydney’, crowned Harry Stockdale-Powell, from Bouche on Bridge, winner of the Taste the World competition in Sydney on March 12. The Taste the World award is presented to the chef who best epitomises Etihad Airways’ food philosophy, which ...

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• 13 March

  Berlin ground staff strike forces flight cancellations

    Berlin / AP Ground staff at Berlin’s two airports went on strike on Monday for the second time in four days, forcing the cancellation of hundreds of flights.The ver.di union called on staff at the Tegel and Schoenefeld airports to walk out from 4 a.m. (0300 GMT) on Monday until 5 a.m. (0400 GMT) on Tuesday, then extended the strike ...

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• 13 March

  Starbucks launches Trio Macchiato

    Abu Dhabi / Emirates Business Marking the start of a wonderful spring season, Starbucks launches its Trio Macchiato: a new Maple Macchiato, Date Macchiato and of course, the favorite Caramel Macchiato, a combination that brings coffee lovers a choice of espresso and their favorite Starbucks beverages. The Maple Macchiato is a new beverage ideal for those who love rich ...

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• 13 March

  UK banks to seek closer US financial ties post Brexit

  

    Bloomberg Top executives from the UK and US’s largest banks have set up a group to foster closer ties in financial services between the two countries after Britain leaves the European Union, according to two people familiar with the matter. TheCityUK, the industry lobby group, has created a steering committee led by managers at Barclays Plc and JPMorgan Chase ...

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• 13 March

  Top Myanmar bank may sell stake to foreign firm

  

    Bloomberg Myanmar’s largest privately-owned bank by assets says it’s willing to sell a stake to a foreign lender, pending a change in the country’s law, as it gears up to expand its operations in one of Asia’s most under-banked nations. “In any emerging market, capital is important,” said Nang Kham Noung, an executive director of KBZ Bank. “For us, ...

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• 13 March

  Bank of England to lose rebel voice against Brexit consensus

  

    Bloomberg One of the Bank of England’s (BOE) most vocal dissenters is moving on, just as Brexit’s surprises make alternative views more valuable. Kristin Forbes is leaving at the end of June to return to MIT, depriving the nine-member Monetary Policy Committee of a voice that’s consistently pushed against consensus. The American, who some say could be a potential ...

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• 13 March

  Goldman calls for patience to see commodity gains after rout

  

    Bloomberg Goldman Sachs Group Inc. isn’t letting the biggest commodities rout in eight months shake its confidence in raw materials. The bank is sticking to its view that tightening supplies will lead to higher prices later this year, maintaining its positive outlook on the sector, according to a report dated March 12. Investors should go or stay long on ...

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• 13 March

  HSBC shares gain after bank names AIA’s Tucker as chairman

  

    Bloomberg HSBC Holdings Plc named insurance executive Mark Tucker to succeed Douglas Flint as chairman, enlisting an outsider to oversee Europe’s biggest bank as it overhauls management. Tucker, 59, chief executive officer of AIA Group Ltd. and former head of Prudential Plc, will take the post Oct. 1, the bank said in a statement on Monday. AIA Regional CEO ...

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• 13 March

  Nintendo counts on high praise for Zelda

  

    Bloomberg Nintendo Co. is earning early accolades for making sure that its new Switch console debuted with a strong gaming title, Legend of Zelda: Breath of the Wild. The big question now is whether that will translate into sales. So far, signs are good. The latest iteration of Zelda has received almost universal praise among critics, becoming the fourth-highest ...

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