Bloomberg US equity futures fall as risk aversion lifted bonds and havens following epochal six-month losses across major markets. Contracts on S&P 500 and Nasdaq 100 pointed to extended declines for US stocks after the S&P 500 suffered its biggest first-half drop in over 50 years. The 10-year US Treasury yield slid below 3% to the lowest since early June. ...

  Bloomberg Mark Tritton was supposed to be the savior for Bed Bath & Beyond Inc — a hotshot executive from Target Corp who knew how to charm customers with in-house brands and train stores on handling online and in-person orders. But the chief executive officer never saw the fruits of his labour, and the home-goods retailer watched its sales ...

  Bloomberg Delta Air Lines Inc, which has struggled with flight delays and cancellations this summer, is letting passengers change their travel plans for the “potentially challenging” Fourth of July holiday weekend without having to pay a fare difference. The “unique” waiver is available across Delta’s system for trips July 1 through 4, as long as customers travel between the ...

  Bloomberg London Heathrow and Paris-Charles de Gaulle airports are cutting more flights as Europe’s travel chaos continues into the summer. Heathrow asked airlines to cut 30 flights from their schedules amid concern that peak passenger numbers will exceed the level it can safely handle. France’s civil aviation authority has ordered a 17% reduction in flights out of Paris-Charles de ...

  Bloomberg Spirit Airlines Inc delayed a shareholder vote on its proposed merger with Frontier Group Holdings Inc less than 24 hours before it was scheduled, saying management needs more time for talks with its favored partner and rival suitor JetBlue Airways Corp. Spirit, which rescheduled the meeting for July 8, will continue soliciting shareholder proxies for the ballot, according ...

  Bloomberg Ireland is putting the army on standby to help alleviate staffing issues at Dublin Airport if the hub is hit by more shortages in the coming weeks. The army will be made available if needed to assist the Dublin Airport Authority during the peak holiday season of July and August, Transport Minister Eamon Ryan told RTE Radio. The ...

  Bloomberg Shares of Sanrio Co, the brainchild behind the Hello Kitty franchise, surged in Tokyo after the company signed a licensing deal with a unit of Alibaba Group Holding Ltd that will expand its reach in China. Shares rose as much as 15%, the biggest intraday gain in more than a decade, on trading volume more than five times ...

  Bloomberg The Reserve Bank of India (RBI) is fighting on several fronts to slow the rupee’s decline to fresh records, with little respite in sight. The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency. Strategists say that the pressure will continue amid shrinking interest rate ...

Bloomberg At least three people involved in credit trading are leaving Standard Chartered (StanChart) amid a property debt crisis in China and an unprecedented selloff in fixed income globally. Duncan Robinson, global head of credit flow trading, is leaving the firm, according to people familiar with the matter, who asked not to be identified as they are not authorized to ...

Bloomberg China plans to extend the yuan’s trading hours as it seeks to increase global investor participation in onshore currency trading as part of its internationalisation push. Regulators led by the People’s Bank of China have told some banks to prepare for an extension of onshore yuan trading hours, according to people familiar with the matter, who asked not to ...