India’s central bank is likely to loosen its recent grip over the rupee, analysts at Citigroup Inc. and Barclays Plc said, leaving the local currency vulnerable to plumb fresh lows against the dollar. Citi expects the rupee to push to 85 to a dollar, while Barclays says that the risk of a short-term overshoot to 84-85 is high. Standard Chartered …

The UK’s chaotic mini-budget prompted HSBC Holdings Plc to increase its loan loss provision by $200 million in the third quarter, another sign of the economic turmoil created by the aborted fiscal statement. The lender took a $279 million charge against its UK unit in the period, according to an analyst presentation on Tuesday. That included “$200 million of additional …

Workers at Japanese banks aren’t having to rush back to the office, unlike their counterparts on Wall Street, even as the country gradually returns to normal life after the pandemic. The nation’s three largest lenders — Mitsubishi UFJ Financial group, Sumitomo Mitsui Financial group and Mizuho Financial group  — said they are allowing more flexibility, eschewing a minimum number of …

Rishi Sunak might be a safe pair of hands for the UK economy, but investors don’t expect his premiership to give a significant boost to country’s beaten-down equities. While the ex-Goldman Sachs banker is set to bring an end to the kind of extreme volatility that characterised Liz Truss’s brief tenure in Downing Street, Sunak’s more prudent fiscal approach is …

A record exit by overseas investors from mainland-China equities is putting a fresh focus on stocks with high foreign ownership. Statistics on foreign ownership was the primary client query at Bank of America Corp (BofA) after a leadership reshuffle — which tightened President Xi Jinping’s grip over the country’s ruling party — spurred a historic market rout. “The number one …

Lisa Jarvis Some rather alarming headlines recently circulated about the newest members of the omicron family. “Nightmare Covid variant,” read one. “The most immune-evasive Covid variants yet.” Or, as one would-be pandemic influencer said in a tweet shared thousands of times: “MOTHER OF GOD… #COVID variants worse than CDC has been admitting.” Apparently, it’s spooky season for Covid variants. Or …

Singapore Airlines Ltd said pregnant cabin crew can remain employees, reversing a longstanding and much-criticised rule that they leave the airline. Responding to a Straits Times article, Singapore Air said pregnant cabin crew “may choose to work in a temporary ground attachment” and can resume flying duties after maternity leave. Before the new rules, which took effect on July 15, …

Qantas Airways Ltd came within 11 weeks of financial collapse at the height of the pandemic when travel came to a standstill and the airline continued to haemorrhage cash, Chief Executive Officer (CEO) Alan Joyce said. At a lunchtime speech in Sydney on Monday, Joyce said that in early 2020 he was receiving weekly reports from his finance team that …

The second-biggest airport in the Philippines has been closed after a Korean Air Lines Co. plane overshot the runway when trying to land in poor weather. While no one was injured in the incident that occurred, and the 162 passengers on board were safely evacuated, the runway at the Mactan-Cebu International Airport has been closed to allow the badly damaged …

The US travel industry expects this holiday season to be busy enough to make last summer’s turmoil seem orderly. Airport officials and industry analysts say passenger traffic for the November 24 Thanksgiving holiday through New Year’s is set to reach or exceed 2019 levels, when 93 million people packed US flights. This summer, the desire to resume vacationing and visiting …