Bloomberg President Donald Trump’s pick for the Federal Reserve Board, Judy Shelton, came under fire from Republican lawmakers, signalling trouble ahead for her nomination. Speaking to reporters after a Senate Banking Committee hearing on her appointment, Senators Richard Shelby from Alabama, Patrick Toomey from Pennsylvania and John Kennedy from Louisiana all said they had not decided if they would vote ...

Bloomberg The Swiss National Bank (SNB) is in a bind about how to rein in the franc’s unwanted strength without being labelled a currency manipulator by the US. Policy makers, who’ve resorted to tactics including massive foreign exchange interventions over the years, now have a new complication. SNB President Thomas Jordan has to balance the need to protect the economy ...

Bloomberg India’s central bank is reviewing the framework behind monetary policy decision-making as pressure builds on authorities to do more to revive a slowing economy. “Internally we are reviewing, we are analysing how MPC framework has worked” since it’s been in operation, Reserve Bank of India Governor (RBI) Shaktikanta Das told reporters in New Delhi. “If required we will have ...

Bloomberg The giants of aviation left the Singapore Airshow with little to brag about, but someone ended up with one of the hottest deals in town: a couple of boxes of hand sanitisers. Alarm over the novel coronavirus outbreak has led to panic-buying of unlikely hot commodities, from toilet paper and instant noodles to soap, which people have been using ...

Bloomberg Harrods Department Store Co, a big tourist attraction in London for Chinese shoppers, has prohibited staff from wearing masks when dealing with customers because it may fan unfounded concern about coronavirus. The luxury British department store said it’s not allowing face masks on shop floors due to the “risk of spreading further anxiety” among customers and staff. The move ...

Bloomberg American Airlines Group Inc wants to establish Seattle as an international gateway for westward flights to India and other locations, with help from a reinvigorated partnership with Alaska Air Group Inc. Nonstop service will begin in October between Seattle and Bangalore, India, the most requested route by big corporate customers, the airlines said in a statement. American expects to ...

Bloomberg Avianca Holdings SA shares fell the most in a month after the airline’s offices were searched by Colombian authorities as part of a bribery investigation. Colombia’s Attorney General’s office is investigating bribery claims related to the company’s former practice of giving free and discounted tickets to officials from Central American governments, according to a spokesperson for the office. Investigators ...

Bloomberg Bombardier Inc, which once made everything from snowmobiles to commercial jets, is poised to become a shadow of its former self as the Canadian manufacturer accelerates asset sales to reduce debt. The company is completing its exit from commercial aerospace with the sale of its stake in the Airbus SE A220 program, once known as the C Series, to ...

Bloomberg Dusty winds blowing in from the Sahara Desert may disrupt flights to and from the Nigerian commercial capital, Lagos, until the end of February. Poor visibility forced carriers including British Airways, Emirates Airline, Delta Air Lines and Ethiopian Airlines to reroute flights to Abuja, the capital, and neighbouring Ghana and Togo. The problem was compounded by faulty landing equipment ...

Dubai / WAM Ivanka Trump, Advisor to the President of the United States of America on Saturday said that the United Arab Emirates is taking bold leadership in advancing women’s empowerment in the region and expressed the hope that other countries will join the UAE in advancing the active participation of women is various spheres. “The United Arab Emirates is ...