The recent strong second-quarter gross domestic product report brings up the question of whether it can be sustained in a way it wasn’t the last time GDP growth was this robust four years ago. The economy in 2014 had some things going for it that the current economy lacks — a federal funds rate firmly anchored at zero and an ...

Bloomberg India’s central bank is on course to raise interest rates for a second consecutive policy meeting as it takes more decisive steps to rein in inflation and stem capital outflows. With inflation running well above the central bank’s medium-term target of 4 percent — and the outlook set to worsen as oil prices stay elevated and the currency slides ...

Bloomberg There’s a lot of cash swishing about in the Nordic region and that leaves plenty of potential for more mergers and acquisitions, according to JPMorgan Chase & Co. “There’s massive amounts of dry powder both on the corporate side, where cash balances are very good, and on the private equity side, where we see a lot of activity,” said ...

Bloomberg Banco Santander is riding Spain’s economic recovery and rising demand for loans, helping offset emerging market currency volatility and the UK slowdown. Net income of 1.7 billion euros ($2 billion) beat analyst’s estimates in the second quarter, with earnings up in Brazil even after the real tumbled. In Spain clients took advantage of the economic upswing to take on ...

Bloomberg Some Chinese banks have received notice from regulators that a specific capital requirement will be eased in order to support lending, as the authorities try to mitigate increasing risks to the economy from the trade war. The People’s Bank of China told some institutions on Wednesday that the so-called “structural parameter” in the Macro-Prudential Assessment of their balance sheets ...

Bloomberg Nomura Holdings Inc.’s first-quarter profit plunged to the lowest in two years as its wholesale business lost money thanks to a slump in fixed-income trading, while the domestic retail operation lost steam. Net income fell 91 percent to $47 million in the three months ended June 30 from a year earlier, Japan’s biggest brokerage said. The firm posted its ...

Bloomberg Two of the world’s biggest money managers are diverging in their views on whether the Bank of Japan will tweak its ultra-loose monetary policy as early as next week. Japan’s central bank may surprise investors with some fine tuning of its stimulus policy when it meets on July 31, according to BlackRock Inc. Not so, said Vanguard Group Inc., ...

Bloomberg Fresh from selling a 25 percent stake in its Italian operations, Corporacion America Airports SA said it may bid on new airport projects in Brazil and plans to start construction on a new runway in Florence. Shares gained the most in two months. The expansion at the Florence airport will allow larger planes to land in one of the ...

Bloomberg Air Canada’s top executive turned up the heat on Aimia Inc. to accept its buyout offer for a Canadian frequent-flyer programme, warning that $1.5 billion in unpaid rewards liability would scare off any other suitors. The airline’s chief executive officer, Calin Rovinescu, said he’ll immediately restart talks with credit-card partners to create its own loyalty program if Aimia fails ...

Bloomberg Ryanair Holdings Plc’s rivals smell blood in the discount giant’s confrontation with its pilots and cabin crew and have pitched ‘Hiring Now’ signs in a bid to siphon off disgruntled staff. British Airways is extending a pilot hiring drive “in light of industry news,” according to a recruitment manager’s post on LinkedIn, while EasyJet Plc, Britain’s biggest low-cost carrier, ...