Blog Layout

Florida airports lead pandemic recovery

  Bloomberg Miami International Airport saw the biggest increase in passenger seat capacity from pre-pandemic levels amid a surge in domestic tourism in the Sunshine State. Airport capacity in Miami rose 23% in April from the same month in 2019, according to a report from OAG Aviation Worldwide Ltd that examined the world’s largest hubs. Orlando saw capacity rise 2.4% ...

Read More »

Taiwan TV channel apologises for false China invasion report

  Bloomberg A television news channel in Taiwan apologised after erroneously reporting on Wednesday that China had launched an invasion just outside the capital Taipei, triggering alarm online. Taipei-based Chinese Television Systems, a TV network partially owned by the Taiwanese government, ran a ticker along the bottom of the screen at 7 am local time saying that China had attacked ...

Read More »

Hundreds of Rohingya escape Malaysian detention centre

  Bloomberg About 528 ethnic Rohingya refugees broke out of an immigration detention centre in Malaysia, with more than a hundred still at large, according to the Malaysian Immigration Department. The detainees escaped by breaking down the doors and grills to their block at the Sungai Bakap Temporary Immigration Depot in Penang state, the department said in a statement. The ...

Read More »

First protest death fuels calls to oust Sri Lanka president

  Bloomberg The first fatality after weeks of protests in Sri Lanka over food and fuel shortages intensified calls for President Gotabaya Rajapaksa to resign, with a key opposition leader saying Rajapaksa was “responsible for every death.” Officers fired live rounds in the central Rambukkana area after tear gas failed to dispel a group of protesters who had blocked a ...

Read More »

Indonesia holds key rate to support economic recovery

Bloomberg Indonesia’s central bank kept its benchmark interest rate unchanged to support the economy’s recovery, while downgrading its growth outlook and saying it will keep a watch on price pressures fuelled by the Russia-Ukraine conflict. Bank Indonesia held the seven-day reverse repurchase rate at a record low 3.5% as expected by all 29 economists in a Bloomberg survey. The key ...

Read More »

Chinese banks hold their lending rates for a third month

  Bloomberg Chinese banks maintained their lending rates for a third month, with the central bank’s cautious easing measures and a weaker yuan reducing the scope for further reductions in borrowing costs. The one-year loan prime rate was held steady at 3.7%, the People’s Bank of China (PBOC) said on Wednesday. A slight majority of 9 of the 16 economists ...

Read More »

Goldman Sachs boosts hiring of dealmakers in Singapore

Bloomberg Goldman Sachs Group Inc is hiring senior investment bankers in Singapore, according to people with knowledge of the matter, as the US lender looks to bolster its dealmaking capabilities in Southeast Asia. The firm has hired Chua Hui Yin from JPMorgan Chase & Co. to cover corporate finance and execution, as well as Oversea-Chinese Banking Corp.’s Andrew Teo for ...

Read More »

Deutsche completes first step in major IT systems overhaul

  Bloomberg Deutsche Bank AG is making headway in its effort to cut hundreds of millions of euros in costs by retiring the legacy IT systems linked to its Postbank unit. The lender “has successfully completed the first step” in a large-scale transformation of the IT systems in its retail business, it said in a statement on Wednesday. The project ...

Read More »

BOJ resumes bond buying as yields gain

  Bloomberg The Bank of Japan (BOJ) reiterated its ultra-loose monetary policy with four days of unscheduled bond buying as the widening interest rate gap with the U.S. puts upward pressure on bond yields and weakens the yen. The move comes as Japan’s benchmark 10-year yield stayed elevated at the 0.25% upper limit of the BOJ’s tolerated trading band despite ...

Read More »
Send this to a friend