Bloomberg Index funds are supposed to cut out the human-driven craziness that periodically infects markets, but the recent meme-stock fever proved the $11 trillion industry is far from immune. The remarkable surge in shares of AMC Entertainment Holdings Inc and a handful of other stocks is showing up in multiple exchange-traded funds (ETFs), skewing portfolios, altering risk profiles and exerting …

Bloomberg The trade relationship between the two largest economies in the world has “significant imbalance” and the Biden administration is committed to leveling it, according to the US trade representative. “There are parts of this trade relationship that are unhealthy and have over time been damaging in some very important ways to the US economy,” Trade Representative Katherine Tai told …

Bloomberg India last month collected 1.03 trillion rupees ($14 billion) under the goods and services tax, lower than a record mop-up of 1.41 trillion rupees in April, as key cities remained under strict curbs to check the spread of new coronavirus infections. Revenue collection was 27% lower than April but remained above a trillion rupees for the eighth month in …

Bloomberg Germany is leaning towards participating in Deutsche Lufthansa AG’s pending capital increase, according to people familiar with the matter, a move that would boost the airline’s plan to refinance its 9 billion-euro ($11 billion) bailout package. By subscribing to the rights offering, the government would limit dilution of its 20% shareholding, while increasing its chances of success, said the …

Bloomberg Indian carriers are expected to incur a loss of $8 billion by 2022 as the second Covid-19 wave puts any travel recovery on hold. IndiGo, India’s largest airline, and Air India Ltd will account for $4.5 billion of losses, CAPA Centre for Aviation said in its report India Airline Outlook for the fiscal year 2022. Indian carriers will need …

Bloomberg Singapore Airlines Ltd said the S$6.2 billion ($4.7 billion) raised through convertible bonds, along with existing cash reserves, should cover its financial needs well into the year ending March 2023, according to a statement. The nation’s flagship carrier was responding to questions from the Securities Investors Association (Singapore) last month about whether it has considered privatisation. Singapore Airlines said …

Bloomberg E-commerce fashion retailer About You is seeking at least 600 million euros ($732 million) in a Frankfurt listing, betting demand for its party outfits will pick up as lockdowns ease across Europe. The company is looking to list shares on the Frankfurt Stock Exchange in the second quarter, it said in a statement. The initial public offering will include …

Bloomberg Instacart Inc has an audacious plan to replace its army of gig shoppers with robots—part of a long-term strategy to cut costs and put its relationship with supermarket chains on a sustainable footing. The plan, detailed in documents reviewed by Bloomberg, involves building automated fulfillment centres around the US, where hundreds of robots would fetch boxes of cereal and …

Bloomberg Nestle SA is working to update its nutrition and health strategy as the world’s largest food company faces criticism over unhealthy products. Nestle is assessing its food and beverage portfolio against external nutrition profiling systems, such as Health Star Rating and Nutri-Score, that help consumers make more informed choices, the maker of KitKat chocolate said in an emailed statement. …

Bloomberg India’s central bank expanded its version of quantitative easing (QE) and lowered its economic growth forecast as the world’s worst Covid-19 wave sweeps through the nation. The Reserve Bank of India (RBI) will buy an additional 1.2 trillion rupees ($16.4 billion) of bonds next quarter under the so-called Government Securities Acquisition Program 2.0, Governor Shaktikanta Das said. The program …