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Qatar Airways sees robust travel demand amid capacity squeeze

BLOOMBERG Qatar Airways forecast robust travel demand for the rest of the year and said it would look to add more routes, depending on how fast it gets new Airbus SE and Boeing Co jets. The Doha-based carrier has seen leisure and business demand surge after travel restrictions were eased — in line with global industry trends — but continues ...

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Australia signals more tightening after surprise rate hike

BLOOMBERG Australia’s central bank signalled further policy tightening ahead after unexpectedly raising interest rates by a quarter-percentage point on Tuesday, sending the currency and bond yields surging. The Reserve Bank of Australia (RBA) increased its cash rate to 3.85%, the highest level since April 2012, in a decision predicted by only nine of 30 economists. Money markets rapidly revised up ...

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Morgan Stanley plans to cut more than 3,000 jobs

BLOOMBERG Morgan Stanley is preparing a fresh round of job cuts amid a renewed focus on expenses as recession fears delay a rebound in dealmaking. Senior managers are discussing plans to eliminate about 3,000 jobs from the global workforce by the end of this quarter. That would amount to roughly 5% of staff excluding financial advisers and personnel supporting them ...

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