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Carney’s countdown to BOE rate hike faces crunch week

Bloomberg Mark Carney is heading into a crucial week in the countdown to a possible Bank of England (BOE) rate increase in early November. After the International Monetary Fund (IMF) meetings where most central bankers fretted about weak inflation even amid robust global growth, the governor returns to an economy that’s almost the mirror opposite. While Brexit is weighing on ...

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Philippine central bank governor sees no need to rise interest rates

Bloomberg Philippine central bank Governor Nestor Espenilla said contained inflation means there isn’t a need to increase interest rates in the near term. “Right now there is no need to move policy rates looking at the inflation outlook,” Espenilla said in Washington where he was attending the annual International Monetary Fund meetings. “It might be too much of an anticipation ...

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Bombardier explores strategic options for aerospace assets

Bloomberg Bombardier Inc. is seeking investors for its aerospace businesses and considering a sale of some operations, people familiar with the matter said, as a turnaround plan at the Canadian planemaker faces pressure from potentially crippling US tariffs on its marquee jetliner. The Montreal-based manufacturer is studying the disposal of assets including its Q400 turboprop and CRJ regional-jet unit, said ...

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