Bloomberg Janet Yellen’s Federal Reserve probably didn’t make much progress last month toward resolving the biggest topic of debate during her tenure leading the central bank: low inflation. Minutes of the US central bank’s December 12-13 policy-setting Federal Open Market Committee gathering will probably show the outlook for consumer prices continued to dominate the discus- sion when they are published ...

Bloomberg China’s smaller banks started the New Year with a double whammy from regulators and investors, and more pain may be looming. Bank of Tianjin Co. tumbled by as much as 12 percent in the first two trading days, the biggest two-day decline since its Hong Kong listing in March 2016, after rallying at the end of last year. Bank ...

Bloomberg China’s central bank will make modest increases in money-market rates in 2018 as it aims to keep up the pressure on deleveraging and prevent too much divergence with US policy, according to a Bloomberg survey. The People’s Bank of China is seen raising interest rates on reverse-repurchase agreements by five basis points three times this year, starting in the ...

Bloomberg After seven years of preparation, $2 billion in compliance costs and one false start, the biggest shake-up to European regulation in a decade is finally here. With so much at stake, investors are likely to sit on their hands for now. Trading volumes slumped ahead of the changes, according to two brokers with knowledge of the matter, with client ...

Bloomberg Southwest Airlines Co. delayed orders for 23 of Boeing Co.’s 737 Max 7 aircraft, casting doubt on the future of the smallest Max variant as it adds 40 Max 8 deliveries valued at nearly $4.5 billion. Pushing most of its Max 7 orders out until 2023 and 2024 probably means that the carrier is trying to decide whether it ...

Bloomberg Ryanair Holdings Plc’s passenger growth advanced at the slowest rate since 2014 in 2017 after it canceled thousands of flights to cope with a staffing crunch, sparking outrage among consumers and regulators. The 2017 customer tally was 129 million, or 2 million less than initially forecast, according to a statement from Ryanair on Wednesday, with December’s performance the worst ...

Bloomberg Two US airlines—American and Southwest—joined the tide of companies offering employees $1,000 bonuses to mark the tax overhaul Congress put in place for 2018. American Airlines Group Inc. and Southwest Airlines Co. announced the bonuses after the close of business. AAON, US Bancorp, Commerce Bancshares Inc. and Zions Bancorporation were among the companies touting similar moves. Banks, insurers and ...

Bloomberg Next Plc brought some cheer to UK retailers struggling with Brexit-related costs and the rise of online shopping, reporting stronger-than-expected Christmas sales and lifting its profit guidance. Shares of the apparel and home-furnishings chain, the first major British retailer to report on the holiday season, rose as much as 9.9 percent after it said price pressure would ease over ...

DUBAI / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has dedicated his accession day anniversary to thank His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for devoting his life to serving the nation ...

ABU DHABI / WAM The Ministry of Finance (MoF) on Tuesday issued the first VAT inclusive purchase order, and approved the first VAT invoice on its federal financial system, becoming the first federal entity to implement tax procedures and issue a tax invoice in 2018. The ministry provides a fully-integrated system, a technical support team, as well as a telephone ...