Bloomberg The Indian rupee’s outperformance against more export-dependent currencies such as the Korean won has likely come to an end, with JPMorgan Chase & Co. seeing risks shifting to the downside. While JPMorgan had favoured the rupee since the US-China trade war took a turn for the worse in May, it now expects the currency to show higher beta to ...

Bloomberg Germany’s central bank warned that Europe’s largest economy could be about to tip into recession, adding to the pressure on policy makers to ramp up support. The Bundesbank said in its monthly report that German output will remain “lackluster” in the third quarter and “could continue to fall slightly”. That would be a second straight quarter of contraction — ...

Bloomberg Australia’s central bank (RBA) is ready to cut interest-rates further if evidence suggests this would boost the economy, and said it reviewed global experience with unconventional steps when policy makers met two weeks ago. The Reserve Bank noted few signs of inflation pressures emerging in the economy and warned entrenched expectations of weak wage growth could crimp household spending, ...

Bloomberg Danske Bank A/S is getting rid of thousands of job titles as the lender rebuilds its image after a year of scandal and losses. With the Copenhagen-based bank’s new chief executive officer, Chris Vogelzang, reviewing operations after starting in June, the number of job titles will fall to around 400 from roughly 3,600, according to Finansforbundet, the finance industry’s ...

Bloomberg Complex instruments used by hedge funds to bet on borrowers going bust and linked to “extremely immoral actions” by the Vatican, can actually improve the health of financial markets, according to Bank of England staff. Bonds insured by credit-default swaps are likely to trade more frequently than securities not covered by these derivatives, according to research by Robert Czech ...

Bloomberg Ryanair Holdings Plc’s bid to block a strike by UK pilots rather than return to talks means a walkout before Britain’s busiest weekend for air travel is more certain, according to the union that called the action. Ryanair has lost the chance to resolve the pay dispute by seeking a High Court injunction at a hearing to be held ...

Bloomberg Pandora A/S, a Danish jewellery company that spent much of last year under attack by hedge funds as it tries to relaunch its brand, jumped in Copenhagen trading after it delivered a smaller decline in operating profit than the market had expected. The stock soared as much as 9.9 percent during trading in the Danish capital, its biggest gain ...

Bloomberg Canadian private equity firm Catalyst Capital Group Inc bought a 10 percent stake in Hudson’s Bay Co through a previously announced tender offer as part of its efforts to block a proposed takeover by the retailer’s chairman. The Toronto-based firm said in a statement it had received and accepted about 18.5 million shares in Hudson’s Bay for roughly C$187 ...

Bloomberg TUI AG blamed the grounding of its Boeing Co 737 Max fleet for wiping out a profit rebound as the world’s largest holiday company cut costs and expanded in cruise ships. The global idling of the Max following two fatal crashes meant TUI had to lease in less-efficient jets from third parties, according to a statement, cutting earnings by ...

Bloomberg Home Depot Inc cut its revenue forecast on lumber price deflation and concern that President Donald Trump’s recently announced tariffs will hurt US consumption. Same-store sales — a key gauge of a retailer’s performance — rose 3 percent in the second quarter, trailing the average 3.2 percent projection, according to Consensus Metrix. The company now sees 4 percent growth ...