Bloomberg Walmart Inc’s new subscription program wants to entice customers with benefits like cheap gas and no checkout lines. But it turns out many members aren’t using them much. About three out of four users don’t take advantage of perks such as less-expensive fuel and Scan & Go technology that allows store shoppers to pay for items on their phone, …

Bloomberg Air France-KLM Chief Executive Officer Ben Smith indicated the struggling airline could seek a further recapitalisation later this year even after the latest 4 billion-euro ($4.8 billion) rescue from the French government that includes the sale of new shares. “We do have heavy, heavy debt that is holding back our balance sheet,” the CEO said at the virtually held …

Bloomberg Amazon.com boosted its role as the world’s biggest corporate buyer of green power with a series of deals to help slash the company’s carbon footprint. Agreements to buy renewable energy are an increasingly popular way for big companies to cut emissions. Amazon will use the power from wind farms, solar parks and batteries to run its global operations. “Many …

Bloomberg Australia’s biggest banks are expanding their sustainable finance teams even as they struggle to find talent in the fast-changing sector. Commonwealth Bank of Australia has doubled the size of its sustainable division, while Australia & New Zealand Banking Group Ltd. (ANZ) has boosted its group to 14 people, with more hires on the way. The nation’s top lenders are …

Bloomberg Wells Fargo & Co is joining major Wall Street banks in rewarding junior bankers for fielding a surge in business amid the coronavirus pandemic. The San Francisco-based bank will pay special bonuses of $10,000 to analysts and $20,000 to associates, incrementally over six months, according to person with knowledge of the plan. “The past year has placed great pressure …

Bloomberg Credit Suisse Group AG’s prime-brokerage co-heads are leaving the bank in the wake of its $4.7 billion loss from the implosion of Archegos Capital Management, according to a company memo. John Dabbs and Ryan Nelson will step down immediately while assisting Credit Suisse through mid-May on an orderly transition, the bank said in the memo. Roger Anerella was appointed …

Bloomberg India’s second largest private lender ICICI Bank Ltd. is making its biggest hiring push in investment banking and institutional equities in four years, as it anticipates a rise in companies going public. The Mumbai-based firm plans to add five mid-to-senior level hires in each of the two units, which currently have 130 bankers in total, according to Ajay Saraf, …

Bloomberg China’s yuan is overvalued, and that could end up stoking global inflation. The yuan ranks as the most overvalued among 32 major currencies in real effective exchange rate terms, an analysis of JPMorgan Chase & Co. indexes show. As Chinese exports are ubiquitous across a range of goods, the strength could translate into quicker inflation globally, adding to investor …

Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged, and cut its outlook for economic growth, as it seeks to support an uneven recovery as foreign outflows pressure country’s currency. Bank Indonesia kept the seven-day reverse repurchase rate at a record low of 3.5% on Tuesday, as expected by all 35 economists surveyed by Bloomberg. The central bank said …

Bloomberg US futures fluctuated, struggling for direction as investors weighed corporate earnings and recent spikes in virus cases. A weaker dollar boosted oil, while government bond yields climbed. Contracts on the S&P 500 turned lower on Tuesday, while those on the Nasdaq 100 held a modest gain. A seventh-straight session of declines in the US dollar allowed oil to breach …