June, 2016

• 27 June

  Trojan Holding arm to build Mira Oasis townhouses

  

    Abu Dhabi / Emirates Business The second phase of the Mira Oasis community will consist of 1393 units and is divided into 3 plots that will comprise of fully fitted contemporary townhouses stylishly designed with a choice of courtyard living. With spacious 3-4 bedroom units that come in different types of housing clusters, the community will effortlessly integrate family ...

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• 27 June

  EasyJet profit fall after pairing outlook with IAG on EU exit

  

    London / Bloomberg EasyJet Plc joined British Airways owner IAG SA in warning that a drop in travel demand and a slump in the value of sterling following the UK vote to quit the European Union will hurt earnings for the rest of the summer. Shares of Luton, England-based EasyJet fell as much as 19 percent and were priced ...

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• 27 June

  Spirit CEO wants to end airline’s poor reputation

  

    Washington / Bloomberg Spirit Airlines Inc. wants to eliminate its reputation for late arrivals, but has no illusions it will ever be No. 1 for being on-time. Traditionally saddled with one of the worst on-time performances among U.S. carriers, the ultra-low-cost airline will try to improve its rate by 10 percentage points this year as one of several steps ...

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• 27 June

  Nike shakeup creates three-man race to succeed Parker as CEO

  

      Beaverton / Bloomberg The race to run the world’s biggest sports brand is now a three-way contest. Nike Inc. Chief Executive Officer Mark Parker isn’t going anywhere just yet, but an April shakeup in the executive ranks has set off speculation that an internal battle is brewing for the opportunity to succeed him. The payoff: a chance to ...

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• 27 June

  Air traffic controller shortages double training time for hires

  

    Washington / TNS A lack of staff to train air traffic controllers means it can take six years — twice the norm — for the new hires to become fully certified at the busiest US control facilities, according to industry experts and government reports. The training delays come as the National Air Traffic Controllers Association says it faces a ...

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• 27 June

  Trudeau to host Obama, Mexican President for NAFTA summit

  

    Ottawa, Canada / AFP Canada, Mexico and the United States will look to dovetail their climate and other policies into a continental strategy when Prime Minister Justin Trudeau hosts Barack Obama and Enrique Pena Nieto on Wednesday. But Britain’s shocking vote to quit the European Union has also abruptly shoved itself onto the agenda of the summit, which the countries ...

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• 27 June

  Brexit impact hangs on policy makers’ next move, says Lagarde

  

    Bloomberg International Monetary Fund Managing Director Christine Lagarde said that the fallout from Britain’s vote to leave the European Union hinges on what policy makers do in coming days. Much of the outcome “is going to depend on certainty or uncertainty, predictability or lack of predictability — people going in a risk-off mode or considering that the situation is ...

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• 27 June

  Oil trades near $48 a barrel as UK vote spurs market volatility

  

    Bloomberg Oil traded near $48 a barrel as the market remained volatile after the U.K. last week voted to leave the EU. Futures rose as much as 0.7 percent after declining 1.5 percent earlier in New York, following Friday’s 4.9 percent slump, the biggest drop in four months. The turmoil in financial markets continued on Monday with the pound ...

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• 27 June

  NYC’s Waldorf Astoria said to close in 2017 for condo rebuild

    Bloomberg New York’s landmark Waldorf Astoria hotel is scheduled to close in spring 2017 so owner Anbang Insurance Group Co. can begin converting most of the more than 1,400 rooms to luxury condominiums, said a person with knowledge of the plans. The luxury hotel, managed by Hilton Worldwide Holdings Inc., is set to reopen as many as three years ...

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• 27 June

  Markets were rational, but UK voters weren’t

  

    It was 22 years ago this month when the U.S. was preparing for combat. North Korea’s expanding nuclear weapons program prompted President Bill Clinton to order reinforcements. The administration was lining up votes in the U.N. Security Council to impose economic penalties on the Pyongyang government, which repeatedly denounced sanctions as a “declaration of war.” Any investors could see ...

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