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BOE requires more easing: McCafferty

  Bloomberg Bank of England (BOE) policy maker Ian McCafferty said that officials will likely ease policy again if the economy develops in line with the central bank’s forecasts — though they should take a gradual approach. “More easing is likely to be required” if the UK economy slows as initial survey data suggests, McCafferty said in an opinion piece ...

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Shock therapy must if RBNZ wants inflation to fly

  Bloomberg New Zealand central banker Graeme Wheeler is going to need more than a plain-vanilla rate cut if he wants a weaker local currency. Investors are certain the Reserve Bank will reduce its official cash rate Thursday by at least a quarter point to 2 percent, a record low, and most expect it will deliver another cut to 1.75 ...

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Delta CEO apologizes for glitch as flight cancellations rise

  Bloomberg Delta Air Lines Inc. Chief Executive Officer Ed Bastian apologized for a computer failure that halted flights for several hours and grounded thousands of passengers as the second-biggest U.S. carrier struggled to restart its worldwide operations. More than 100 flights are expected to be canceled Tuesday morning, about 200 could be delayed and those numbers could grow overnight, ...

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