June, 2016

• 28 June

  Cohen’s Point72 plans move to skyscraper in NYC’s Hudson Yards

  

    Bloomberg Billionaire Steven A. Cohen’s Point72 Asset Management agreed to move its New York offices to 55 Hudson Yards, the third skyscraper planned for Related Cos.’s $25 billion development on Manhattan’s far west side. Point72, the $11 billion firm that oversees Cohen’s wealth, plans to lease more than 175,000 square feet across six floors in the tower, according to ...

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• 28 June

  QIA mulls abandoning Credit Suisse office sale

    AP The Qatar Investment Authority is considering abandoning the sale of 1 Cabot Square, an office building in London’s Canary Wharf financial district leased to Credit Suisse Group AG, according to two people with knowledge of the matter. QIA was reviewing the sale plan even before the U.K. voted to leave the European Union, the people said, asking not ...

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• 28 June

  Silicon Valley’s latest startup offering is a whole city

  

    Bloomberg Y Combinator, the startup accelerator and investment firm that helped produce Airbnb, Dropbox, and Instacart, is embarking on a creation project arguably more ambitious than any company. “We want to build cities,” wrote Y Combinator partner Adora Cheung and President Sam Altman in an announcement slated for release Monday. YC Research, Y Combinator’s nonprofit arm, plans to solicit ...

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• 28 June

  Vistara vie with Gulf carriers

  

    Singapore / Bloomberg Within weeks of India easing aviation rules, Singapore Airlines Ltd.’s local venture is charting a course to take on carriers from the Middle East. It’s counting on a surge in international traffic from the world’s fastest growing major air-travel market. Vistara, in which the city-state’s flag carrier owns 49 percent, is considering buying or leasing wide ...

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• 28 June

  Line shoots for $1.1bn IPO amid market tumult

  

    Tokyo / Bloomberg Line Corp., Japan’s most popular mobile-messaging service, and its owners are aiming to raise as much as $1.1 billion in what could become the biggest technology initial public offering globally this year. Backed by South Korean search portal Naver Corp., Line and its existing investors are offering 35 million shares at 2,700 yen to 3,200 yen ...

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• 28 June

  Allegiant to enter NY city after flight limits ease

  

    New York / Bloomberg Allegiant Airlines is taking advantage of a regulatory decision lifting some flight restrictions at Newark Liberty International Airport in New Jersey, starting service to four destinations in November. It will be Allegiant’s first flights in the New York City market, said Lukas Johnson, a vice president for parent Allegiant Travel Co. The carrier will fly ...

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• 28 June

  Short sellers target Turkish Airlines as tourism industry wilts

  

    Ankara / Bloomberg Short sellers are targeting Turkish Airlines as it presses on with expanding capacity while the country’s tourism industry withers. As much as 13.8 percent of the company’s shares that are available for trading are out on loan to short sellers betting they will fall in value, according to Markit Ltd. That’s the highest on record for ...

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• 28 June

  China-India ties after the NSG plenary

  

    Few analysts following developments at the Nuclear Suppliers Group (NSG) plenary in South Korea expected India’s membership bid to sail through. As the dust settles, what is clear is that Xi Jinping’s China differs considerably from Hu Jintao’s China. The latter did not want to stand alone; the former is on the path to establishing China as the challenger ...

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• 28 June

  Invest in Afghanistan, the gateway to Silk Roads

  

    At the recent Shanghai Cooperation Organization (SCO) Summit in Tashkent, Uzbekistan, Afghan President Ashraf Ghani discussed the threats posed by “destructive change” and the countless opportunities offered by “creative change” in the Eurasian landscape and its emerging continental economy. He told his counterparts that “our greatest common project is the revival of the Silk Roads,” whose main gateway is ...

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• 27 June

  Emirates enhances Dakar service

    DUBAI / WAM Emirates Airlin announced that its service between Dubai and Dakar, currently operated by an Airbus A340-300, will be replaced with a Boeing 777-300ER from September 2. The change to the larger Boeing 777-300ER aircraft will offer an enhanced onboard experience for Emirates’ Senegalese customers and those travelling to Dakar from across the airline’s network. The aircraft ...

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