January, 2017

• 24 January

  Dollar at 6-week low boosts metals; stocks mixed

    Bloomberg The dollar slipped to a six-week low, boosting commodities from copper to crude as the post-election rally continued to falter in the Trump administration’s early days. US stocks fluctuated as investors assessed a slate of mixed corporate results. The Bloomberg Dollar Spot Index headed for its longest slump since November, extending losses after weak housing data. Johnson & ...

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• 24 January

  US stocks climb on earnings as commodities rally

    Bloomberg US stocks advanced after the largest American housing company’s earnings topped estimates in a sign the tighter labor market is boosting consumers. The dollar slipped, sending a gauge of commodities to a seven-month high. An S&P measure of housing stocks surged more than 3 percent after D.R. Horton Inc.’s results, helping the S&P 500 Index to a gain ...

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• 24 January

  Etihad chief James Hogan to step down this year

  

    Abu Dhabi / Emirates Business The Etihad Aviation Group Board of Directors on Tuesday announced that James Hogan will step down as President and Chief Executive Officer of the company in the second half of 2017. The Board and Hogan first initiated the transition process last year with the formation in May of the Etihad Aviation Group, a diversified ...

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• 24 January

  DXB world’s busiest airport

  

    Dubai / Reuters Dubai International Airport remained the world’s busiest for international passengers in 2016, as existing markets grew and new routes were launched, the airport’s operator said. Annual traffic rose 7.2 percent to 83.6 million passengers in 2016 from a year ago, the operator said in a statement on Tuesday. It was Dubai airport’s second slowest annual growth ...

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• 24 January

  Amazon to settle EU antitrust probe over e-books clauses

  

    Bloomberg Amazon.com Inc. is set to dodge antitrust fines from a European Union probe into its e-book deals with publishers, according to two people familiar with the company’s bid to settle the 19-month investigation. Amazon has agreed to change controversial clauses that required publishers to offer it terms as good as or better than those they sign with other ...

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• 24 January

  EasyJet drops after weak pound

  

    Bloomberg EasyJet Plc shares fell the most in almost four months after the company said a weaker pound in the wake of the Brexit referendum and higher fuel costs would weigh on full-year earnings more than expected. Shares of Europe’s second-biggest discount airline dropped as much as 9 percent, and were 8.7 percent lower at 982 pence in London ...

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• 24 January

  GI Aviation lands first Pilatus in Dubai

  

    Dubai / Emirates Business GI Aviation, the newest name to enter the private air charter market in the UAE, is now open for bookings following the award of its GCAA Air Operator’s Certificate in December 2016. Several demo flights from its Al Bateen Executive Airport, Abu Dhabi home have been performed and recently, the privately-owned company showcased its first ...

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• 24 January

  Rio hastens coal retreat with $2.45 billion sale of mines

  

    Bloomberg Rio Tinto Group agreed to sell its thermal coal assets in Australia’s Hunter Valley for as much as $2.45 billion as the world’s second-biggest mining company accelerates its move away from the fuel. Rio will sell its Coal & Allied Industries Ltd. subsidiary to Yancoal Australia Ltd., controlled by China’s Yanzhou Coal Mining Co., it said in a ...

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• 24 January

  India’s steel demand revival hinges on roads-to-rail spending

  

    Bloomberg A revival in India’s steel consumption from the weakest estimated growth in at least four years hinges on the government boosting spending on infrastructure, housing and road projects to absorb record output. Finance Minister Arun Jaitley will announce February 1 higher outlays for national highways, rural roads, railways and low-cost housing, Goldman Sachs Group Inc. predicted in a ...

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• 24 January

  China plans to reduce influence on economic data

    Bloomberg China’s central government plans steps that will reduce the influence local governments have on economic statistics, according to a person familiar with the matter. The National Bureau of Statistics will move its teams out of joint offices they share with regional counterparts around the country and shift into separate facilities, said the person, who asked not to be ...

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