Bloomberg Credit Suisse Group AG scrapped its annual Asia investment conference next month as the spread of the deadly coronavirus shows no sign of abating. The Zurich-based lender informed investors on Tuesday it will cancel the conference in Hong Kong, its biggest in the region. “In view of the continued health and safety risks caused by the coronavirus, we have ...

Bloomberg Citigroup Inc suspended its head of high-yield credit trading for Europe, the Middle East and Africa after he allegedly stole from the company’s cafeteria, according to a person familiar with the matter. Paras Shah, one of the bank’s highest-profile traders, left Citigroup last month over the issue, the person said, asking not to be named because the matter is ...

Bloomberg Bank of Japan Governor (BOJ) Haruhiko Kuroda signalled growing concern over coronavirus, now saying the bank won’t hesitate to take action to cope with the virus’s economic impact if it becomes necessary. Kuroda’s remarks in Japan’s parliament contrasted with comments last month when he said it was too early to assume the latest viral outbreak would pose as big ...

Bloomberg Visa Inc is planning the biggest changes in a decade to the rates US merchants pay to accept its cards, hoping to persuade more people to abandon checks and adjusting its fees for new businesses such as ride-hailing services. The company’s interchange rates — fees charged every time a consumer uses a card — will go up or down ...

Bloomberg The UK Treasury shortlisted two women and seven men to replace Mark Carney as governor of the Bank of England (BOE). Of the 23 applicants for the post, 21 were male, and both of the female candidates went through to the interview round, Chancellor Sajid Javid said in a December letter to Parliament’s Treasury Committee which was published on ...

Bloomberg Airbus SE and AirAsia Bhd, the discount airline built by Tony Fernandes, were inseparable for years, with the boisterous aviation executive gorging on ever-larger aircraft orders to become the manufacturer’s single biggest customer for single-aisle jets. That happy marriage ended in acrimony last week after Airbus admitted to illegally trying to sway decision makers in aircraft sales and agreed ...

Bloomberg Government regulators plan to review drone designs in the same way they review other aircraft, a major step towards allowing routine drone deliveries and other flights over congested cities. The Federal Aviation Administration (FAA) announced it’s seeking comment from the public and the drone industry on what criteria should be used for determining whether these novel new devices are ...

Bloomberg An Air Canada passenger flight with 128 passengers on board landed safely at Madrid’s Barajas airport after the aircraft suffered damage following takeoff. The aircraft made its emergency landing “without incident” shortly after 7pm in Madrid and engineers were now checking it over, airport operator AENA said in a tweet. Flight AC837 bound for Toronto had earlier aborted its ...

Bloomberg A group including two of Forever 21 Inc’s biggest landlords has offered to buy the bankrupt retailer for $81 million, a fraction of what the international fashion pioneer was once worth. The consortium of Simon Property Group Inc, Brookfield Property Partners LP and Authentic Brands Group LLC is seeking to buy substantially all of the company’s assets, according to ...

Bloomberg Hudson’s Bay Co Chairman Richard Baker was in talks about selling the Canadian retailer’s stake in its European business when he started to formulate his own plan to take the owner of Saks Fifth Avenue private, according to a regulatory filing. The document offers a look into Baker’s role in the sale of Hudson’s Bay’s stake in a joint ...