Norwegian Air promises bargain flights to Europe

  WARWICK / AP Low-cost carrier Norwegian Air Shuttle is promising to boost traffic at smaller airports on both sides of the Atlantic Ocean when it starts service to Europe this summer from Rhode Island, Connecticut and New York’s Hudson Valley. Norwegian announced that it’s opening new flight crew bases and plans to hire pilots and flight attendants at Rhode ...

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Qantas reveals 787-9 ‘premium economy’ seat

  Emirates Business Qantas revealed its next generation Premium Economy seat, which will debut on the airline’s fleet of Boeing 787-9 Dreamliners from October. Wider and with more functional space overall, the new seat has a unique recline motion that provides a class-leading level of comfort. When the rear of the seat reclines, several sections shift to support your body ...

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BAE seeks new Eurofighter warplane order from Saudi Arabia

  Bloomberg BAE Systems Plc is seeking a new Eurofighter warplane order from Saudi Arabia after announcing a deal to support previous aircraft worth an estimated $10 billion. With the final four of 72 Eurofighter Typhoons already acquired by the kingdom due to be delivered this year, BAE is deepening efforts to secure a follow-on purchase, the London-based company said. ...

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Saudi Aramco share sale ‘to be priceless’ for kingdom’s markets

  Bloomberg The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets. The highly-anticipated share sale has become emblematic of Saudi Arabia’s push to transform its economy and open its doors to more foreign capital. Whatever you think of the valuations involved — ...

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US crude exports surge to record

  Bloomberg Another week, another record for US crude exports. Producers and traders shipped out 1.21 million barrels a day of US crude in the week that ended February 17, the most in Energy Information Administration data going back to 1993. Domestic output increased to 9 million barrels per day last week, the fastest pace since April, while US refiners ...

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Political rhetoric unlikely to impede Iran’s natural gas push

  Bloomberg Iran is hard at work gaining a foothold in the global energy market, and it’s not letting US President Donald Trump’s confrontational tone stop it from trying. Political rhetoric is unlikely to turn into tangible impediments for Iran’s ambition to join Russia and Norway in the ranks of major gas exporters, according to Deputy Oil Minister Amir Hossein ...

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RWE outperforms green rivals

  Bloomberg RWE AG, with some of its legacy coal plants dating back to the 1950s, is this year outperforming new green rivals that are supposed to be the future of the energy industry — as well as every other company on Germany’s main stock index. With investors brushing aside news of a scrapped dividend to most shareholders for a ...

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China to allow more IPOs to lure capital, support economy

  Bloomberg China will allow more companies to list on its stock market to boost support for its economy, the nation’s top securities regulator said, dismissing concerns that more supplies of shares can depress the market. The capital market’s recovery from a 2015 rout has been stronger than expected and is now ready for “appropriately” larger supplies of initial public ...

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S Koreans cut spending as household income growth slows

  Bloomberg South Korean household income grew at the slowest pace on record last year and spending fell for the first time, underscoring the challenge facing policy makers as they try to ignite a sluggish economy. Households’ average monthly income increased 0.6 percent in 2016 from the previous year to 4.4 million won ($3,884), the smallest gain since the statistics ...

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Singapore bourse to consider giving traders their ‘lunch break’ back

  Bloomberg Singapore stock traders may finally get their lunch break back. Singapore Exchange Ltd., which runs the city’s equity market, is considering reinstating the midday intermission, according to people familiar with the matter. SGX in 2011 scrapped the break, which lasted from 12:30 p.m. to 2 p.m. every day, in an effort to boost trading. The bourse is expected ...

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