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Bonds rally in India as RBI surprises with dovish policy

  Bloomberg Bonds in India gained and the rupee falls after the central bank held back on a widely expected hike in a key rate, continuing with its benign policy stance amid a hawkish turn by most global central banks. The yield on five-year bonds fall 17 basis points to 6.20%, while that on 10-year note declined by ten points ...

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European stocks waver, futures slip

  Bloomberg Stocks in Europe trimmed an advance on Thursday amid mixed corporate earnings, while US futures slipped as traders await key US inflation data that may shape views on how aggressively the Federal Reserve will tighten monetary policy. The Stoxx Europe 600 index was little changed after paring a gain of as much as 0.5%. Siemens AG jumped as ...

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US solar company seeks tariff action against key Asian nations

  Bloomberg Auxin Solar Inc is asking the US Commerce Department to investigate possible efforts to circumvent tariffs with the imports of equipment from Malaysia, Thailand, Vietnam and Cambodia. The company alleges the solar imports use parts or components from China, and that producers are assembling equipment in the Southeast Asian nations as a way of skirting duties, according to ...

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Europe needs 65 million EV chargers by 2035

  Bloomberg Europe will have 130 million electric vehicles (EVs) on the road by 2035, according to a joint report from Ernst & Young and the electricity industry trade association Eurelectric. The report’s projections show Europe’s EV fleet growing from its current base of less than 5 million to 65 million by 2030 and then doubling over the following five years. ...

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Pilots made to wear trackers as Hong Kong boosts Covid rules

  Bloomberg Hong Kong is further tightening quarantine rules for airline staff, with cargo pilots isolating at home to be tracked with electronic monitoring bracelets and crew on passenger planes who have been in countries with high levels of the virus made to quarantine for 14 days. The updated rules, set out in a document seen by Bloomberg News, was ...

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China state funds’ support gives hope for wounded stock market

  Bloomberg Chinese state-backed funds’ intervention in domestic stock markets is rekindling hope that a bottom is near for the nation’s battered equities. The CSI 300 Index ended down just 0.6% at the close, paring an earlier slump of 2.4%, which was its biggest intraday drop since August. State-related funds entered the market to buy local shares in the afternoon ...

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Stocks, US futures rise as bond selloff abates

  Bloomberg Stocks and the US index futures rise on Wednesday and a selloff in sovereign bonds paused, bringing some relief for markets whipsawed in recent weeks by concerns about tightening monetary policy. The Stoxx Europe 600 index rises more than 1% as technology shares bounced back and a raft of generally positive earnings reports lifted sentiment. Adyen NV jumped ...

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European electricity prices soar as France cuts nuclear forecast

  Bloomberg European electricity prices jumped after the region’s biggest producer cut its nuclear output target for a second time in a month, the latest sign that this winter’s energy crisis is far from over. Electricite de France SA said its nuclear production could fall this year to levels not seen since 1990, and Morgan Stanley says there’s a “meaningful ...

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FAA proposes shielding Boeing employees overseeing safety

  Bloomberg Regulators are taking steps to shield US aviation-industry engineers from the kind of company pressure that was revealed in investigations of the design flaw on the Boeing Co. 737 Max linked to two fatal crashes. The Federal Aviation Administration on Monday proposed new policies that would shield employees at Boeing and other planemakers who act on behalf of ...

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Rolls-Royce to hire 150 in Singapore

  Bloomberg Rolls-Royce Holdings Plc plans to hire around 150 people across its network of partners in Singapore as airlines start to bring back planes that were grounded during the pandemic and international travel picks up. London-headquartered Rolls-Royce expects about 80% of the planned expanded head count for this year will be for maintenance, repair and operations (MRO) ventures, Bicky ...

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