Bloomberg Global traders already on tenterhooks over this week’s key Federal Reserve meeting were jolted further on Tuesday by Australian inflation data that smashed expectations, a surprise monetary tightening in Singapore and further swings in US equity futures. A maelstrom of volatility in the past 24 hours saw almost $3 trillion wiped off global stocks before a reversal with …

  Bloomberg South Korea will extend trading in its foreign-exchange market and ease restrictions against overseas investors in a bid to encourage more foreign participation — reversing a decades-old policy intended to limit volatile capital flows. Onshore dollar-won spot market trading hours will be extended significantly from the current 9:00 am to 3:30 pm local time span, the finance ministry …

  Bloomberg The European Union’s executive arm is testing the waters to see if its trading partners, including the United States, could boost natural gas supplies to the region amid limited shipments from Russia and rising geopolitical risks, according to the bloc’s energy chief. While the EU has a robust gas infrastructure and clear procedures in case of emergencies, it …

  Bloomberg Shell Plc has identified 4 billion euros ($4.5 billion) of potential investments in France in a bid to support the country’s efforts to develop sustainable sources of energy, Le Figaro reported, citing an interview with Chief Executive Officer Ben van Beurden. Shell wants to invest in offshore wind farm projects, the creation of electric vehicle battery charging stations …

  Bloomberg An April increase to the government’s price cap on energy bills will affect more than 75% of British households, according to The Times. The number of households covered by the price limit has risen to 22 million from 15 million, the newspaper said, citing energy regulator Ofgem. Standard variable tariffs are capped at 1,277 pounds ($1,731) a year …

  Bloomberg Britain will compel airlines to use 70% of takeoff and landing slots this summer to boost competition after the coronavirus crisis, angering carriers still struggling with demand far short of pre-pandemic levels. To ease the transition towards use-it-or-lose-it requirements that are closer to 2019 levels, the Department for Transport also published an extended list of get-out clauses, such …

  Bloomberg China accused the US of “bullying” over its decision to suspend dozens of flights from America by Chinese airlines, underscoring lingering tensions between the world’s biggest economies. The US “wantonly suspended Chinese flights and disrupted their normal operations,” Foreign Ministry spokesman Zhao Lijian said at a regular press briefing in Beijing on Monday. “It is irresponsible and unreasonable.” …

  Bloomberg United Airlines Holdings Inc. expects a delayed recovery in air travel this year as the coronavirus resurgence pressures business and leisure travel, slowing the carrier’s momentum after a robust holiday season pushed its fourth-quarter results above Wall Street’s estimates. The spreading omicron variant prompted United to lower its capacity forecast for 2022 to below the 2019 level, according …

  Bloomberg Airline bosses are urging UK Health Secretary Sajid Javid to restore restriction-free international travel at least for the fully vaccinated, citing evidence that recent curbs haven’t been effective in preventing the spread of omicron. In a letter to Javid, chief executives of British Airways, Ryanair and other carriers asked for a clear protocol for managing future outbreaks “without …

  Bloomberg Standard Bank Group Ltd said 99% of its transaction volumes in South Africa are now cashless, a trend that has helped the continent’s largest lender by assets to cut costs. “It’s extraordinary,” Standard Bank’s Chief Executive Sim Tshabalala said in an interview with Bloomberg News editor-in-chief Emeritus Matthew Winkler at the Africa Business Media Innovators Conversation. “What we’ve …