May, 2016

• 16 May

  Singapore home sales fall at mortgage curbs Cool Housing Demand

    Bloomberg Singapore developers sold 12 percent less homes in April, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market. Developers sold 745 units last month, compared with 843 in March, according to data released Monday by the Urban Redevelopment Authority. Singapore home prices have dropped for 10 quarters, posting the longest losing streak in almost two ...

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• 16 May

  Miami faces hotel-room glut as Brazilians stay home

  

    Bloomberg Hotels in sun-drenched Miami are getting burned by a pullback in Brazilian travel and a building boom that has added thousands of rooms to the market. Nightly room costs are dropping. Greater Miami’s revenue per available room — a key measure of rates and occupancies known as revpar — has fallen each month this year, and in April ...

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• 16 May

  World’s ‘biggest’ budget airline alliance takes off in Asia-Pacific

  

    Singapore / Bloomberg & AFP The creation of the world’s biggest alliance of low-cost airlines may signal that some of Asia’s struggling budget carriers are headed for the altar. The Value Alliance, announced on Monday, stretches from Japan to Australia and includes Singapore Airlines Ltd.’s Scoot and Nok Airlines Pcl in Thailand. The aim is to sell tickets, or even ...

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• 16 May

  Southwest pilot tensions flare over 737 Max jets arrival

  

    Washington / Bloomberg Southwest Airlines Co. pilots, frustrated after four years of unsuccessful contract talks, asked the carrier to guarantee it won’t force them to fly Boeing Co.’s newest 737 before the plane is negotiated into a new agreement for the 8,000 workers. Adding the 737 Max before it’s listed in a labour deal would violate a provision of ...

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• 16 May

  HNA Group eyes stake in CWT logistics

  

    shanghai / bloomberg HNA Group Co., the Chinese conglomerate that controls the country’s fourth-largest airline, is in exclusive talks with the biggest shareholder of CWT Ltd. for a potential acquisition of shares in the Singapore-based logistics company. There is no certainty that the negotiations will result in an agreement, CWT said on Monday. The company’s shares rose after the ...

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• 16 May

  Delta cuts growth to boost unit revenue

  

    Washington / Bloomberg Delta Air Lines Inc., the second-largest U.S. carrier, is trimming planned growth in the second half of this year to help counter rising fuel prices and weak foreign economies. It’s also delaying deliveries of four wide-body aircraft. The carrier will hold expansion to less than 2 percent while reducing domestic capacity increases to 2.5 percent in ...

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• 16 May

  Acer enters virtual realm where PC makers fear to tread

  

    Taipei / Bloomberg Acer’s announcement that it will work with the Swedish games maker Starbreeze to produce a virtual-reality headset could be the ailing PC maker’s most brilliant move in years. Or it could be a colossal failure. According to their joint release, the companies plan to form a joint venture to design, make and sell the StarVR headset. ...

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• 16 May

  Moscow restaurant spreads the Soviet savour yet again

  

    Moscow / AFP Moscow’s Aragvi restaurant — once the legendary haunt of KGB spies and cosmonauts — has reopened with its Soviet-era grandeur restored.The high-end eatery on the main Tverskayastreet, which opened in 1938 at the height of Stalin’s purges, has re-launched under the same name after a $20 million (17 million euros) restoration. The restaurant opened on the ...

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• 16 May

  European lake too clean for the fish

  

    Munich / DPA Everybody knows that environmental pollution is bad for animals and plants. But in Lake Constance, bordered by three European nations, the opposite is proving true. At moderate levels, some types of environmental pollution are nourishing for fish. Over the last 30 years, the lake wedged between Germany, Austria and Switzerland has become so clean that the ...

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• 16 May

  Showing a non-toxic way to ensure lush garderns in UAE

  

    Our Correspondent / Emirates Business Green-Keeper Middle East, a division of UAE-based company FM Solution, is dedicated to make lawns instantly green with a 100 percent natural solution. The first of its kind in the region, Green-Keeper uses a product made in the US, which is non-toxic, biodegradable and perfectly safe for children, pets as well as the environment. ...

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