Two United Arab Emirates banks raised $1.3 billion from bonds sales and Morocco plans to boost the size of its existing dollar-denominated notes as Middle East issuers take advantage of falling borrowing costs.
Ryanair Holdings Plc, Europe’s biggest discount airline, boosted full-year profit 13 percent as it added routes and planes to target short-haul markets in which full-service operators are struggling to stem losses.
Morgans Hotel Group Co. said it received a $7.50-a-share takeover offer from a “large international hotel company” late last year that it rejected as too low. The stock rose to the highest in a year and half.
Morgans Hotel Group Co. board members faced threats by billionaire Ron Burkle to harm the hotel chain if they didn’t back his acquisition of several of Morgans’s businesses, a lawyer for one of the company’s directors said.
French soft-wheat exports, the European Union’s biggest, rose 12 percent in March as higher shipments to Morocco and Spain more than made up for lower deliveries to Algeria and Italy, customs figures showed.