Bloomberg Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension pot, considers the impact of its investments on markets and isn’t distorting the country’s stocks, said Hirohide Yamaguchi, the newly appointed chairman of the fund’s board of governors. Yamaguchi, a former deputy governor of the Bank of Japan (BOJ), said also that it was important to look at the …

Bloomberg Saudi Arabia raised prices for oil shipments to customers in its main market of Asia, signaling the kingdom’s confidence in the region’s economic recovery. The decision comes after the Opec+ cartel, led by the Saudis and Russia, agreed to boost daily crude production by more than 2 million barrels between May and July. Aramco, the Saudi state energy firm, …

Bloomberg Air Canada dropped its takeover of vacation operator Transat AT Inc because it couldn’t convince European regulators to approve the deal on acceptable terms. Canada’s largest airline said it offered a “significant package of remedies” to satisfy the European Commission’s concerns that the merger would reduce competition on flights between EU countries and Canada. “It has become evident, however, …

Bloomberg Amazon.com Inc has explored opening discount retail stores selling a mix of home goods and electronics, a potentially significant expansion of the company’s growing portfolio of brick-and-mortar locations. The outlets would carry unsold inventory sitting in Amazon’s warehouses at steep discounts, according to two people familiar with the plans. The company has considered opening permanent stores, as well as …

Bloomberg Italy’s bankrupt airline Alitalia SpA is running out of cash just as negotiations with the European Union to create a new national carrier are at a standstill. Alitalia, which has been under administration since 2017, paid its 11,000 workers only half their March salaries. The pandemic dealt the final blow to the loss-making airline that for years has been …

Bloomberg Ryanair Holdings Plc is poised to begin flights with a new variant of the Boeing Co 737 Max jet after US regulators signed off on a model that’s set to cut costs by squeezing in almost 200 passengers. The discount carrier expects to take delivery of its first Max 200 this month, becoming the first operator of the plane, …

Bloomberg GameStop Corp shares rose after the company named Elliott Wilke as chief growth officer, the latest in a string of senior executive appointments, and part of a corporate overhaul by activist investor and board member Ryan Cohen. In addition to Wilke, the video-game retailer also named Andrea Wolfe as vice president of brand development and Tom Petersen as vice …

Bloomberg China’s financial regulators plan to impose additional capital requirements on the nation’s systemically important banks, seeking to curb risks and safeguard stability of the $49 trillion industry. Banks considered too big to fail will be put into five categories and face a surcharge of between 0.25% and 1.5% on top of the mandatory capital adequacy ratios, the People’s Bank …

Bloomberg Commerzbank AG will post a restructuring charge of 470 million euros ($550 million) in the first quarter for its job-cuts program, adding to about a billion euros of related costs booked previously. The German lender is taking the charge to account for 1,700 job cuts agreed with the works council, it said in a statement. New Chief Executive Officer …

Bloomberg S&P Global Ratings downgraded its outlook on Credit Suisse Group AG to negative from stable, as the fallout from the Archegos Capital Management crisis impacts the Swiss bank’s debt and shares. Credit Suisse is one of the most exposed banks to the family office of former hedge fund manager Bill Hwang, with potential losses from the unwinding of positions …