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Rate hike may be needed soon: BOE’s Vlieghe

Bloomberg Bank of England (BOE) policy maker Gertjan Vlieghe, regarded as one of the more dovish members of Monetary Policy Committee, said that he may support raising interest rates in the near future. The pound extended its advance as he put himself among the majority of MPC members who this week said an increase in borrowing costs could be needed ...

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ECB bond reinvestments could be shock absorber as QE decelerates

Bloomberg As the European Central Bank prepares to slow its bond-buying program, policy makers are considering softening the blow by highlighting a related measure — the reinvestment of maturing debt. An average of 15 billion euros ($18 billion) a month of assets held under quantitative easing will mature next year, according to euro-area central bank officials who said the figure ...

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Biggest Airbus A350 trips as Cathay latest to prefer sibling

Bloomberg Airbus SE’s newest wide-body jet lost more orders as Cathay Pacific Airways Ltd. switched a contract for six A350-1000s to the smaller -900 variant and deferred delivery of five more by a year. The model switch, announced by Asia’s biggest international carrier, follows a decision last week at United Airlines to swap on order for 35 A350-1000s to 45 ...

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