It’s too soon to write off the dollar’s dominance as the US rate-hike cycle may not be near its peak. That’s the firm conviction of money managers at JPMorgan Asset Management and Fivestar Asset Management even after a gauge of the greenback touched a one-month low. Signs that aggressive Federal Reserve tightening is starting to take a toll are fuelling …

It was supposed to be the silver lining to a year of brutal losses. As bond-fund managers watched the market value of their portfolio decline rate hike after rate hike, one thing was certain: companies would soon have to return to the market offering juicier yields. But for all the yield concessions companies have had to offer investors to raise …

Investors are pouring large sums into equities but the rally has limited room to run as the Federal Reserve remains steadfast on hiking interest rates, according to Bank of America Corp (BofA) strategists. Global equity funds saw about $23 billion of inflows in the week through October 26, the largest amount since March, according to a note from the bank …

Chris Bryant Fed up with having his private jet tracked by climate activists typing on Twitter, Bernard Arnault has sold the capacious Bombardier 7500 aircraft belonging to his luxury goods company LVMH Moet Hennessy Louis Vuitton SE. But the world’s third-richest man isn’t about to join the masses flying commercial (quelle horreur!). Instead, Arnault plans to rent private aircraft: “The …

Kraft Heinz Co. and Jeff Bezos-backed startup NotCo are following through with their bet on plant-based foods. Eight months after announcing their joint venture (JV), the companies are unveiling their first products: animal-free cheese slices and mayonnaise. Not Cheese will first appear on shelves in a small market test in Cleveland in early November, with a national rollout to follow …

Boeing Co. falls the most in four months after the planemaker pared its annual forecast for deliveries of its 737 narrowbody jets and disclosed that it may discontinue the smallest and largest “Max” versions of the workhorse aircraft. In a securities filing, Boeing said it could choose to cancel the 737 Max-7 and -10 variants if a looming deadline for …

China plans to increase the number of international flights operated by domestic and foreign airlines to 840 a week from October 30 to March 25. That’s a jump of 106% from October 2021 to late March this year, but still way below pre-pandemic levels. The announcement, made at a Civil Aviation Administration of China (CAAC) briefing, follows the country’s major …

London’s Heathrow Airport said businesses at the hub need to embark on a massive hiring spree to rebuild depleted staffing ranks that contributed to a chaotic travel season across much of Europe this past summer, even as passenger numbers will need at least until the middle of the decade to return to pre-pandemic levels. Heathrow served 81 million passengers in …

Credit Suisse Group AG reported its fourth straight loss as its investment bank continued to struggle, wealthy clients fled and the lender booked a charge related to a critical overhaul that’s been in the making for months. The net loss of 4.03 billion Swiss francs ($4.08 billion) in the three months through September included a 3.7 billion-franc impairment of deferred …

JPMorgan Chase & Co. is building out teams that handle card transactions and other payments for businesses by recruiting staff across key Asian markets amid the boom in digital commerce. The New York-based lender has begun providing services within its merchant-acquiring unit in Australia, India, Japan, Singapore, South Korea and New Zealand this year, with Hong Kong planned by the …