Bloomberg Now is finally the time to buy risk assets, with global stocks set to advance into the year-end, strategists at JPMorgan Chase & Co said. Positive technical indicators and monetary easing will likely outweigh the uncertainty of the US-China trade war and the “wild card” of developments in tariff negotiations, according to JPMorgan. After August’s sell-off, the strategists signalled ...

Bloomberg Denmark’s financial watchdog has reported Danske Bank A/S to the police after it overcharged retail investors. The bank, which is already under criminal investigation in the US and across Europe for its role in an Estonian money laundering scandal, misled its customers about the returns they could expect on short-term investments, the Financial Supervisory Authority (FSA) in Copenhagen said ...

Bloomberg Germany’s most convoluted tax case in recent memory gets a human face when two former investment bankers make their debut in court. But more than the duo’s dealings, it’s the role of the financial services industry at large that will come under scrutiny. The two men, Martin S, 41, and Nicholas D, 38, are charged with helping orchestrate transactions ...

Bloomberg American Airlines Group Inc removed the Boeing Co 737 Max from its schedule for another month, joining carriers cancelling flights until December and beyond as they await US approval to fly the grounded jet. The extension means the cancellation of 140 daily flights through December 3, American said in a statement. The airline “remains confident that impending software updates ...

Bloomberg Topsports International Holdings Ltd, the private equity-backed Chinese sportswear retailer, plans to seek Hong Kong stock exchange approval next week for its initial public offering, people with knowledge of the matter said. The company, which is a unit of women’s shoe retailer Belle International Holdings Ltd, plans to sell shares in September if it passes the listing hearing, according ...

Bloomberg A strike by KLM ground staff on Monday was expected to disrupt flights at Amsterdam’s Schiphol Airport, one of Europe’s busiest travel hubs. The airline said the two-hour strike starting at 8 am is “very likely” to cause disruption for carriers that are part of its SkyTeam alliance, including Air France, Transavia and Delta Air Lines. It advised travellers ...

Bloomberg Japan’s Narita International Airport, located about 40 miles outside of Tokyo, has always been something of a headache for travellers. A lack of off-hour transport options means passengers and staff on early and late flights can sometimes be left stranded. But that’s about to change, with train and bus operators set to expand their schedules in order to accommodate ...

Bloomberg Steinhoff International Holdings NV nominated Mazars LLP’s Netherlands unit as its new group auditor as the South African retailer looks to make a fresh start after it was almost destroyed by an accounting scandal. Mazars accepted an offer to replace Deloitte, Steinhoff’s board said at its annual general meeting in an Amsterdam hotel. Shareholders will able to vote on ...

Bloomberg The Trump administration slapped tariffs on roughly $110 billion in Chinese imports on Sunday, marking the latest escalation in a trade war that’s inflicting damage across the world economy. The 15% US duty hit consumer goods ranging from footwear and apparel to home textiles and certain technology products like the Apple Watch. A separate batch of about $160 billion ...

DUBAI / WAM In August, for the first time, the Dubai Gold and Commodities Exchange (DGCX), traded over three million contracts in one month, surpassing its previous record of 2.38 million contracts set in July. The 3.22 million lots traded and cleared in August were valued at $52.72 billion, also a new record. The exchange recorded its highest-ever daily volume ...