Bloomberg US equity futures and European stocks fluctuated as investors assessed prospects for less-aggressive central bank tightening and weighed China’s latest move to stimulate its economy as Covid-19 infections rise. S&P 500 contracts inched higher before an abbreviated Thanksgiving weekend cash trading session on Wall Street. Those on the Nasdaq 100 were steady. Energy companies climbed in premarket as …

Bloomberg Foreign investors are piling back into Taiwan’s market thanks to expectations of slower global rate hikes, helping make the benchmark gauge one of the region’s best performers this month. The stock rebound and influx of foreign capital come ahead of local elections, with polls serving as a show of confidence in the ruling Democratic Progressive Party ahead of a …

Bloomberg Oil falls for a second day as the European Union (EU) considered a higher-than-expected price cap on Russian crude and evidence mounted of challenges to demand. West Texas Intermediate slipped below $78, trading in a narrow range and with volumes thin due to a US holiday. EU diplomats are locked in negotiations over how strict the Russian mechanism should …

Bloomberg Qantas Airways Ltd. upgraded profit expectations for the final six months of 2022 just weeks after its initial forecast, highlighting the intensity of a demand rebound that has sent fares soaring. The airline’s shares jumped. The Australian airline said it expects underlying profit before tax in the period of between A$1.35 billion ($900 million) and A$1.45 billion. That’s A$150 …

  Bloomberg The airline industry remains likely to return to profit next year, with high employment levels and growth in key economies sustaining demand even as household bills spiral, the head of its main lobby group said. Carriers should achieve positive earnings in 2023 for the first time since 2019, before the coronavirus pandemic roiled global travel, International Air Transport …

  Bloomberg Xiaomi Corp.’s quarterly revenue falls almost 10% as it battled a slumping global smartphone market and weak consumer demand at home. Sales of mobile devices fall 11%, leading declines across business divisions encompassing smart electronics and internet services. The Beijing-based company logged sales of 70.5 billion yuan ($9.9 billion), slightly above estimates. But it posted a surprise net …

  Bloomberg Amazon.com Inc. spooked investors last month when it predicted the slowest holiday season growth in its history. Now there are signs—albeit tentative—that the world’s largest e-commerce company could have a somewhat merrier Christmas than anticipated. Inflation has eased in recent weeks and, according to survey results released Sunday by Jefferies Financial Group, US consumers see prices moderating in …

  Bloomberg Airlines need to adopt more robust pilot training to prevent accidents when pilots must manually take over during emergencies or are confused by automated flight systems, US regulators said. The Federal Aviation Administration (FAA) published what is known as an advisory circular on its website with extensive new training guidelines for carriers and other commercial aviation operators in …

  Bloomberg Alessandro Michele, the creative director who turned Gucci into a hit brand with younger generations, is leaving the Italian label. Kering SA, which owns the brand, announced Michele is stepping down in a statement. Gucci’s design office will oversee the label’s direction until a new creative organisation is announced, the company said. Michele, 49, helped turn the Florence, …

  Bloomberg China’s mega banks, led by Industrial & Commercial Bank of China Ltd., (ICBC) pledged financing support of at least 925 billion yuan ($129 billion) to property developers as part of a push to ease turmoil in the nation’s real estate market. ICBC, the world’s largest bank by assets, on Thursday said it would provide 655 billion yuan in …