Bloomberg Packaged-goods giants like Nestle SA and Unilever Plc have poured billions into acquisitions of vitamin brands in recent years, seeking growth beyond traditional businesses like stock cubes, ice cream and soap. The bet appeared to pay off when Covid hit, turbocharging demand for supplements as worried consumers sought to boost their defenses against a new and mysterious virus. Over …

Bloomberg Most creditors of Hong Kong Airlines Ltd voted to support the carrier’s proposed HK$49 billion ($6.3 billion) debt restructuring, a step to stave off insolvency after travel to and from the city dried up the past three years. Of those voting among three classes of creditors, holders of at least 80% of the debt in each class backed the …

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary struck a cautious note on bookings in the first quarter, when factors like inflation, economic contraction and higher energy prices may prompt travellers to curtail spending following strong Christmas demand. “We expect it to be a little bit softer in the first quarter of next year, but then we think next …

  Bloomberg United Airlines Holdings Inc is in late-stage talks with Boeing Co and Airbus SE as the carrier mulls narrow- and widebody models for potential blockbuster orders to bolster its fleet. The Chicago-based airline is looking at taking more than 100 Boeing 787 Dreamliners as part of a “triple-digit” twin-aisle order that CEO Scott Kirby has touted to pilots, …

  Bloomberg Dollar General fell after cutting its profit outlook on higher supply-chain costs and a shift in customer demand to less-profitable consumable products. Adjusted earnings will increase by no more than 8% in the current fiscal year, down from a prior forecast for growth of as much as 14%, Dollar General said. The new guidance trails Wall Street’s estimates …

Bloomberg The European Central Bank (ECB) will probably lift borrowing costs by a half-point this month, according to Governing Council member Gabriel Makhlouf, slowing the pace of its increases after inflation moderated for the first time in 1 1/2 years. A rise of 50 basis points “is about where we’ll end up,” Makhlouf told reporters in Dublin, saying that if …

Bloomberg A group of about 100 Russians and businesses reported nearly $50 billion in Swiss deposits, the government said in its most detailed disclosure yet of Russian wealth stashed in the country’s banks. Following Russia’s invasion of Ukraine, Switzerland banned banks from taking more than 100,000 Swiss francs ($106,000) from Russians and said all existing deposits must be reported to …

  Bloomberg Bank of France Governor Francois Villeroy de Galhau urged commercial banks to exercise caution on share buybacks — raising the pressure on lenders as they prepare their shareholder-payout plans for 2022. Addressing a conference in Paris, Villeroy reiterated that while French banks remain solid and should benefit from rising interest rates, heightened volatility and slower economy growth in …

  Bloomberg Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered. A further Bitcoin plunge of about 70% to $5,000 next year is among the “surprise” scenarios that markets may be “under-pricing,” the bank’s Global Head of Research Eric Robertsen wrote in a note. …

  Bloomberg Prime Minister Pham Minh Chinh directed the central bank and credit organisations to immediately raise loan limits for banks and to businesses in good health to boost economic growth, job creation and inflation control, the government website reported. The State Bank of Vietnam, which currently limits the credit growth of the banking system to 14% and has said …