Egypt Town Groomed for Investors as Bombs Explode Elsewhere Copyright 2015 Bloomberg. NL4DP76VDKHT (Bloomberg) — As small bomb attacks struck Cairo and cities across Egypt in the past two weeks, Sharm El Sheikh was being beautified in readiness for the money men. The Red Sea resort will host an investor

Copyright 2015 Bloomberg. NL4C4M6TTDS8 (Bloomberg) — In the last year, mining companies eliminated about 15 million tons of production capacity for the coal used to make steel, while outlining plans to double those cuts in the near future. It won’t be near enough. That’s the determination of Chief Executive Officer Don

Copyright 2015 Bloomberg. NL24QW6JIJUU (Bloomberg) — Europe’s largest oil companies are gaining support from an unlikely source as they confront the industry’s worst slump since the financial crisis: lower oil prices. Although better known for their oil fields, refineries, and petrol stations, BP Plc, Royal Dutch Shell Plc and Total

Copyright 2015 Bloomberg. NL0U966K50XU (Bloomberg) — Gold traded near the lowest level in three months after the dollar strengthened to a decade-high on expectations that the Federal Reserve will raise U.S. interest rates as the world’s largest economy improves. Bullion for immediate delivery was at $1,163.55 an ounce at 8:18 a.m.

Copyright 2015 Bloomberg. NL111W6KLVR9 (Bloomberg) — The U.S. government made surprise cuts to its outlook for global corn and wheat stockpiles amid signs of improving grain demand. The forecast for world corn stockpiles was smaller than the lowest prediction in a Bloomberg survey of 16 analysts, a U.S. Department of Agriculture

Copyright 2015 Bloomberg. Kyunghee Park (Bloomberg) — Heather Cho, the Korean Air Lines Co. executive who quit after a public outcry involving her treatment of a flight attendant serving macadamia nuts, was sued by the crew member for emotional distress. Kim Do Hee, the flight attendant who offered Cho the

Copyright 2015 Bloomberg. NKYZVC6K50YB (Bloomberg) — The dollar extended gains, reaching a three- month high versus the yen, amid mounting speculation U.S. interest rate increases will be brought forward. Asian stocks followed U.S. shares higher, and copper futures climbed. The Bloomberg Dollar Spot Index, which tracks the greenback versus 10 major

Copyright 2015 Bloomberg. NKYEI46JTSEV (Bloomberg) — U.K. billionaire Richard Branson’s Virgin Atlantic Airways Ltd. posted its first annual profit since 2011 following a two-year revival plan underpinned by collaboration with U.S. shareholder Delta Air Lines Inc. Pretax profit before one-time items was 14.4 million pounds ($22 million) in 2014, compared with

Copyright 2015 Bloomberg. NKWZLG6TTDVY (Bloomberg) — Euro-area finance ministers gather in Brussels, with Greece’s bailout program expected to be on the agenda. The country needs to refinance or repay $7.2 billion in debt or interest this month, according to Bloomberg data. The European Central Bank begins its $1.2 trillion sovereign-bond purchase