Bloomberg The Bank of Canada released guidance for the first time on how it plans to eventually reduce monetary stimulus, saying it will first raise interest rates before curbing its holdings of government bonds. Governor Tiff Macklem provided details on what he called central bank’s “monetary policy for the recovery.” Macklem reiterated the bank intends to bring its bond purchases …

Bloomberg UniCredit SpA is seeking to renegotiate a five-year-old deal with Amundi SA to distribute asset management products, in a further sign of Chief Executive Officer Andrea Orcel’s drive to reshape Italy’s second-largest lender. Orcel aims to improve the terms of an accord stemming from the purchase by the French asset manager of UniCredit’s Pioneer Global Asset Management unit that’s …

Bloomberg Central Bank of Sri Lanka Governor Weligamage Don Lakshman will step down on September 14 as the nation faces a deepening forex crisis that threatens its ability to import goods and service debt. His announcement comes as the South Asian island nation faces dwindling reserves and revenues, looming debt repayments and struggles with an extended lockdown to stem record …

Bloomberg Foreign investors are set to buy the most Japanese stocks since the heyday of Abenomics after Prime Minister Yoshihide Suga’s shock resignation put Japan back in the headlines. Fund managers and strategists from JPMorgan Securities Japan Co, Baillie Gifford & Co and BNP Paribas Asset Management are among a string of investors who say they’re becoming more positive on …

Bloomberg China’s embattled technology shares looked like the worst was behind them as they rallied towards a bull market this week — until Beijing took aim at gaming companies again. After a six-month rout that wiped out almost half the market value of stocks on the Hang Seng Tech Index, the gauge had rebounded 17% from its August low by …

Bloomberg The Biden administration is weighing a new investigation into Chinese subsidies and their damage to the US economy as a way to pressure Beijing on trade, people familiar with the matter said. Top Biden economic advisers, including US Trade Representative (USTR) Katherine Tai and Commerce Secretary Gina Raimondo, are meeting to discuss the potential probe, the people said. They …

Bloomberg The International Monetary Fund’s (IMF) mission may start its review of Ukrainian government policies as soon as September 21 as the country seeks to unlock a $5 billion loan frozen since last year. The mission will probably work virtually because of the pandemic, Vladyslav Rashkovan, Ukraine’s representative at the Washington-based lender, told reporters at the YES conference in Kyiv. Ukraine …

Bloomberg Airbus SE is getting a potential boost from Hungarian discount carrier Wizz Air Holdings Plc’s ambitious plan to catapult itself out of the pandemic ahead of rivals. The Budapest-based airline is weighing a purchase of at least 100 Airbus narrow-body jets, according to people familiar with the discussions. Such a deal would top up one of the largest-ever aircraft …

Bloomberg IndiGo, one of Asia’s biggest budget airlines, is aiming at running at full capacity domestically and is targeting just over two-thirds in international routes as the virus pandemic eases and people start traveling more. “Things are improving slowly,” CEO Ronojoy Dutta told Bloomberg Television’s Rishaad Salamat and Haslinda Amin, adding that it was “hard not to be bullish as …

Bloomberg Delta Air Lines Inc said a fifth of its unvaccinated employees received a Covid-19 shot in the two weeks since the airline announced that they would be subject to a $200 monthly surcharge, providing support for companies that are hesitant to impose mandates. The carrier also hasn’t seen a rise in employee turnover, Chief Health Officer Henry Ting said …