Bloomberg Citigroup Inc said it has hired 5,500 young employees for its Asia businesses over the last two years, ahead of its target to recruit 6,000 by 2023, after stepping up efforts to help cushion the region from soaring youth unemployment amid the pandemic. Consumer banking operation has taken up 48% of the overall hires, followed by 31% for …

  Bloomberg The Riksbank may soon have to abandon its dovish monetary policy and start raising rates in response to inflation overshooting its 2% target, according to Swedbank economists. The bank’s main scenario is that a first policy rate hike in early next year will be followed by a second one later in 2023. However, there is a risk that …

  Bloomberg Ukraine may increase borrowing costs further as concerns over a potential war with Russia pushed the country’s currency to the weakest level in a year. The central bank signalled last month that interest rates will continue to rise, although only a narrow majority of analysts in a Bloomberg survey expect such move at the meeting on Thursday. Five …

  Bloomberg Indonesia’s central bank gave the first signs Thursday that it will begin normalising policy, even as it left its benchmark interest rate unchanged. Bank Indonesia kept the seven-day reverse repurchase rate at a record-low 3.5% at its first monetary policy meeting of 2022, as predicted by all 29 analysts in a Bloomberg survey. In a briefing in Jakarta, …

  Bloomberg Stocks and futures were mixed as the global sovereign-bond selloff paused and investors turned their focus to corporate earnings. Energy companies were among the biggest declines in Europe’s Stoxx 600 Index, as crude oil slipped from a seven-year high, while the rally in metals boosted miners. US futures advanced. Treasury yields dipped, but remain higher for the week …

  Bloomberg SoftBank Group Corp. priced its biggest-ever yen bond on Thursday, using its popularity with retail investors to raise 550 billion yen ($4.8 billion) to pay off other debt. Billionaire Masayoshi Son’s technology conglomerate, which made headlines last year due to losses on Chinese ride-hailing giant Didi Global Inc., has been the single-biggest issuer in the Japanese corporate bond …

  Bloomberg Global oil markets look tighter than previously thought as demand suffers surprisingly little impact from the latest coronavirus strain while supplies are curbed by disruptions, the International Energy Agency (IEA) said. The surplus facing world markets this year is shrinking, with oil demand — slightly upgraded from last month — on track to hit pre-pandemic levels of 99.7 …

  Bloomberg Airlines around the world are adjusting their schedules and aircraft deployments for flights to the US over fears that a 5G rollout by AT&T Inc. and Verizon Communications Inc. near American airports could interfere with key safety systems. Dubai’s Emirates said it will suspend flights to several US cities, including Chicago, Newark and San Francisco, while Japan Airlines …

  Bloomberg Airbus SE plans to hire 6,000 new staff in the first part of the year, going some way toward restoring the European planemaker’s workforce following deep cuts during the Covid-19 pandemic. The manufacturer will add positions worldwide and across its aerospace, helicopter and defense & space units, according to a statement on Wednesday. The firm will reassess further …

  Bloomberg Burberry Group Plc said sales accelerated and operating profit will probably surge about 35% this year as the British maker of trench coats and other luxury fashions sells more products at full prices. The company issued the earnings forecast as it reported better-than-expected revenue for the last three months of the year. Comparable store sales grew 7% in …