Bloomberg European equities rose with US futures on Wednesday as investors assessed limited initial Western sanctions against Russia amid the Ukraine standoff. The Stoxx 600 Europe Index and S&P 500 futures both added about 0.8% while contracts on the Nasdaq 100 gained more than 1%. The mood was brighter, when the S&P 500 fell into a technical correction after …

  Bloomberg Russian markets have taken historic losses this year and the message coming from traders is that more declines may be ahead for the ruble. Options pricing suggests there’s a 50% chance the ruble will sink to a record low against the dollar within the next two months — dipping below levels from 2016 when the economy was mired …

  Bloomberg Sri Lanka’s stock market trading was halted twice on Wednesday after a gauge of blue-chip shares tumbled more than 8%, highlighting the mounting economic crisis prompted by a shortage of dollars and surging inflation. The benchmark Colombo All Share Index settled 2.7% lower at 11,285.37 after a slide in a measure of the nation’s top 20 stocks by …

  Bloomberg Airbus SE is set to announce a partnership with engine-maker CFM International to work on hydrogen propulsion as it targets introduction of a passenger aircraft running on the fuel by 2035, according to people familiar with the matter. An announcement involves adapting a current-generation CFM engine to run on hydrogen, said the people, who asked not to be …

  Bloomberg Air France-KLM has won shareholder support for a capital increase, and will go ahead when its stock price allows it, French newspaper Les Echos reported without saying how it obtained the information. The recapitalisation will take place in the next few months, with main shareholders including the French state, as well as the Netherlands, Delta Airlines and China …

  Bloomberg Kuwait Airways restructured its order with Airbus SE, adding longer-distance single-aisle aircraft while reducing a commitment to the largest jetliners as it adapts to post-Covid demand. The loss-making airline added three A321LR narrowbodies, which will be used to serve mid-size destinations such as Manchester, England, from Kuwait. It also upscaled six A320neos to the bigger A321neo model, Chairman …

  Bloomberg One of the last air links between two key Asian financial hubs has been severed, with Hong Kong banning Singapore Airlines Ltd’s budget carrier Scoot from flying to the city for two weeks after passengers tested positive for Covid on arrival. KLM Royal Dutch Airlines services from Amsterdam are also prohibited from February 21 to March 6, Hong …

  Bloomberg Singapore Airlines Ltd’s budget carrier Scoot has stopped accepting bookings to Hong Kong until March 7, signalling it is the latest airline to be banned from flying to the city for two weeks. The move severs one of the last air links between the Asian financial hubs, with a service by Cathay Pacific Ltd’s HK Express unit the …

Bloomberg Workman Co, a Japanese retailer specialising in blue-collar work wear, will open a store in Tokyo’s upscale Ginza district in April as part of its expansion into women’s fashion, Nikkei reported Tuesday. Workman, founded in 1979, operates a chain of stores selling protective gear for factory and construction site workers. Its simple waterproof jackets and thermals gained a following …

  Bloomberg Indonesia’s central bank may start next year to sell the government bonds it bought as part of a $58 billion debt monetisation that supported stimulus spending during the pandemic. “We will discuss the possibilities later but based on the information that we have now, it is likely that we will roll back our government bond holding starting next …