Bloomberg US stocks were mixed after a six-day rally as investors debated whether commitments by the Federal Reserve and the Biden administration to let the economy run hot will spark destabilising inflation. The S&P 500 Index edged lower, taking a break from a rally fueled by signs the Biden administration intends to pass a sizable aid bill while the central …

Bloomberg Hong Kong’s stock exchange named Nicolas Aguzin, who heads JPMorgan Chase & Co.’s international private bank, as its new chief executive officer. After a protracted search, the 52-year-old banker was appointed to a three-year term as the top boss at Hong Kong Exchanges & Clearing Ltd., according to a statement that confirmed an earlier Bloomberg News report. He will …

Bloomberg Oil in London rose above $60 a barrel for the first time in more than a year as stockpiles tighten and the demand outlook improves amid the global rollout of Covid-19 vaccines. It’s another milestone in a stellar comeback from the biggest demand destruction in a generation after the pandemic forced countries to lock down, devastated economies and grounded …

DUBAI / WAM Breakbulk Middle East (BBME) is hosting their Digital Special on Tuesday in the midst of high-level officials and professionals from the breakbulk and project cargo industry. The live-in person event is scheduled to be held on February 01-02, 2022. The event will feature discussions on topics of importance like the significant role of women in the industry …

Bloomberg Tesco Plc is leading calls for an online sales tax to be imposed on digital retailers such as Amazon, as UK Chancellor of the Exchequer Rishi Sunak weighs up reforms to business levies ahead of next month’s budget. The bosses of supermarkets, retail property owners and other store chains are pushing for action to ease their tax burden with …

Bloomberg Boohoo Group Plc snapped up remaining brands from Philip Green’s failed Arcadia Group Ltd after the UK online retailer’s rival Asos Plc acquired the flagship Topshop and other labels. In a fresh sign of the growing dominance of online fashion retailers amid the pandemic, Boohoo agreed to buy the Dorothy Perkins, Burton and Wallis brands for just over 25 …

Bloomberg The UK will require travellers arriving from coronavirus hot spots to quarantine in hotels starting February 15, almost three weeks after the plan was announced by Prime Minister Boris Johnson. Arrivals from countries on the UK’s travel ban list will be required to isolate for 10 days in government-approved accommodation, the Department for Health and Social Care said in …

Bloomberg Countries could relax border controls and allow more travel if there’s a set of standards for vaccine certification that immigration authorities can use to help determine entry policies, Singapore Transport Minister Ong Ye Kung said. “That is really the light at the end of the long tunnel,” Ong said in an interview with Bloomberg Television on Monday. “With vaccination …

Bloomberg Kohl’s Corp’s sales fell in the past quarter as the pandemic continues to roil the retail world, but Chief Executive Officer Michelle Gass sees plenty of reason for optimism. The retail chain’s digital revenue remains elevated and profitability is improving, Gass said in an interview. And while the company’s preliminary fourth-quarter results showed an 11% decline in same-store sales …

Bloomberg Rolls-Royce Holdings Plc plans to shutter civil aerospace production for two weeks over the summer, cutting pay for 19,000 workers as the coronavirus crisis stunts demand for airliner engines. The measures relate to negotiations with unions announced last summer and will affect 12,500 people in the UK, where Rolls-Royce is based, a spokesman said. The salary reduction will be …