Admin

ECB expects higher reinvestments to cushion end of bond buying programme

Bloomberg The European Central Bank is expecting to plow at least 160 billion euros ($185 billion) of maturing debt back into bonds next year and could consider relaxing the rules on buying, according to euro-area officials familiar with the matter. Such prospects would reduce the risk of market volatility that could undermine the economy after the ECB completes net asset ...

Read More »

China to unleash $108bn in reserves cut for banks

Bloomberg China’s central bank will cut the amount of cash some lenders must hold as reserves, unlocking about 700 billion yuan ($108 billion) of liquidity, as it seeks to control leverage and support smaller companies. The required reserve ratio for some banks will drop by 0.5 percentage point, effective July 5, the People’s Bank of China said on its website. ...

Read More »

BMO Harris Bank revamps digital operations in US

Bloomberg Bank of Montreal is revamping its US digital operation and targeting small businesses in the Midwest to boost growth at its BMO Harris Bank lender. The new US strategy, which emphasises mobile apps to woo more retail customers, is part of the changes being introduced by Erminia “Ernie” Johannson, who relocated to Chicago from Toronto after being appointed group ...

Read More »

Airbus warns UK investment in danger in no-deal Brexit

Bloomberg Airbus SE threatened to pull its UK investments if Britain walks away from the European Union without a deal, upping the stakes for Prime Minister Theresa May as she fights to deliver a Brexit that won’t wreck the country’s economy. In the starkest warning yet from any major company, the aerospace giant said that a departure from the single ...

Read More »

Singapore Air CEO sees risk to cargo beyond trade spat

Bloomberg As the brewing trade battle between the US and China threatens to slow demand for air freight, the market is also facing pressure as demand gets in line with supply, according to the chief executive officer of Singapore Airlines Ltd. “From a business perspective, we would like to see countries around the world to work together to grow the ...

Read More »

Bombardier reaches tentative labour agreement at sold factory

Bloomberg Workers at a Bombardier Inc. aircraft plant that was recently sold to a pension fund have reached tentative labour agreements with the company. Unifor, the union that represents about 2,000 production and office staff at the Downsview facility in Toronto, is recommending that members ratify the deals. Details won’t be released until after workers vote on Sunday. Workers had ...

Read More »

Barnes & Noble tells investors turnarounds ‘take time’

Bloomberg As the largest US retail bookseller tries to enact a turnaround, some investors may be losing their patience. Barnes & Noble Inc., which saw same-store sales drop 5.4 percent in the latest year, said it’s expecting that measure to improve this year. Double-digit declines in gifts, music and movies drove also down comparable sales in the fourth quarter ended ...

Read More »

Mexican airline vows to reunite immigrant families for free

Bloomberg A Mexican airline is offering to reunite families separated by President Donald Trump’s “zero tolerance” immigration policy — for free. Controladora Vuela Cia de Aviacion, known as Volaris, said it will try to work with authorities in the US, Mexico and Central America to bring back family members. The company operates flights across Mexico and to various US cities, ...

Read More »

Merkel’s Germany faces watershed moment with US

Bloomberg There is a corner of Berlin where the golden age of US-German relations lingers on. Visitors to the Allied Museum on Clayallee — a boulevard named for General Lucius Clay, commander in chief of US forces in Europe after World War II — are greeted by a propeller aircraft that flew in supplies to West Berlin during the Soviet ...

Read More »

Palestinians skewer US team’s Mideast peace mission

Bloomberg The Trump team’s mission to the Middle East will run into a dead end if it tries to dodge political issues at the heart of the Israeli-Palestinian conflict, Palestinian Authority President Mahmoud Abbas’s spokesman said. The lead US Middle East peace negotiators, Jared Kushner and Jason Greenblatt, have been visiting with leaders in the region this week as they ...

Read More »
Send this to a friend