A potential near-term peak in bond yields should help US stocks in the short-run, but risks remain for investors as global central banks raise interest rates at the fastest pace in decades, according to JPMorgan Chase & Co.’s Marko Kolanovic. “(Federal Reserve) Chair Powell stated that rates are likely to move higher than previously indicated by the September dots (4.75%) …

Chinese stocks halted a recent rally as a jump in Covid-19 infections and official comments defending Covid Zero dented optimism for a potential reopening. The Hang Seng China Enterprises Index slipped 0.6% on Tuesday, following gains of about 14% over the past five days. A separate gauge on Chinese tech shares trading in Hong Kong falls 1.6%. China’s potential exit …

Virgin Atlantic Airways Ltd. is seeking additional operating slots at London’s Heathrow Airport as the carrier looks to add more routes to the US and Asia with the arrival of new jets from Airbus SE. The airline, which narrowly avoided collapse during a funding squeeze at the height of the coronavirus crisis, is seeking takeoff and landing positions at Europe’s …

British Airways parent IAG SA said it will return passenger capacity almost to pre-pandemic levels at the start of next year as demand for travel holds up despite a Europe-wide surge in the cost of living. Capacity in the first quarter of 2023 is expected to be around 95% of the 2019 figure, compared with 87% in the current three …

Kenya Airways Plc terminated its recognition of a collective bargaining agreement with a pilots’ union as a labour dispute that has left thousands of passengers stranded across its network dragged into a fourth day. The airline accused the Kenya Airline Pilots Association officials, or Kalpa, of disregarding dispute resolution mechanisms and ignoring a court ruling that declared the industrial action …

Inflation on the weekly supermarket shop has struck a record high in the UK, making it harder for families to put food on the table. Grocery price inflation hit 14.7% in the past four weeks, the highest level since Kantar started tracking the data in 2008. The jump in prices means the average annual shop is set to rise by …

Yamana Gold Inc. said it has entered an agreement with Agnico Eagle Mines Ltd. and Pan American Silver Corp. after determining their takeover offer was superior to an earlier bid by Gold Fields Ltd. The company’s board “now unanimously recommends that Yamana shareholders vote against the Gold Fields transaction,” when they meet to vote on the deal on Nov. 21, …

Tanzania will sign key agreements with oil majors including Equinor ASA and Shell Plc next month to pave the way for a planned $40 billion liquefied natural gas export project, according to the nation’s Energy Minister January Makamba. “It’s happening,” January Makamba said in an interview in Sharm el-Sheikh, Egypt, where he is attending the COP27 international climate summit. “In …

German Finance Minister Christian Lindner has laid out plans for the country to spend €83.3 billion ($83.4 billion) on gas and electricity subsidies next year, according to a ministry document obtained by Bloomberg. It shows €40.3 billion will be earmarked to cover the cost of gas and district heating, including a one-time payment in December for businesses and households. A …

New Zealand central bank governor Adrian Orr has been reappointed for a second five-year term, giving him the opportunity to complete an aggressive tightening cycle as the bank seeks to regain control of inflation. Finance Minister Grant Robertson reappointed Orr after a “unanimous recommendation” from the Reserve Bank Board, Robertson said on Tuesday in Wellington. Orr’s second term begins on …