Tokyo / Reuters Japanese government bonds (JGBs) stayed firm on Tuesday, with prices of superlong JGBs rallying after strong results of the Bank of Japan’s (BOJ’s) buying operations. The central bank offered to buy 450 billion yen ($4.06 billion) of JGBs in the 5- to 10-year zone, 220 billion yen of JGBs in the 10- to 25-year zone and ...

  Reuters SWIFT, the global financial network that banks use to transfer billions of dollars every day, warned its customers that it was aware of “a number of recent cyber incidents” where attackers had sent fraudulent messages over its system. The disclosure came as law enforcement authorities in Bangladesh and elsewhere investigated the February cyber theft of $81 million from ...

  Bloomberg It’s taken nine years, but the number of U.S. homes in foreclosure has fallen to a level not seen since before the 2008 housing crisis. More troubled borrowers are making their way through the foreclosure process, which can take more than five years on average in some states. The number of properties in active foreclosure declined by 24,000 ...

  Bloomberg Purchases of new homes in the U.S. unexpectedly declined in March for a third month, reflecting the weakest pace of demand in the West since July 2014. Total sales decreased 1.5 percent to a 511,000 annualized pace, a Commerce Department report showed on Monday. The median forecast in a Bloomberg survey was for a gain to 520,000. In ...

Bloomberg Qatar Airways could switch its order for Airbus Group SE A320neo jetliners to Boeing Co.’s 737 model if issues with the European aircraft’s Pratt & Whitney engines aren’t resolved by the middle of the year. Moving from the Pratt-powered variant of the revamped A320 to a version that uses engines from CFM International isn’t an option as those planes ...

  Bloomberg Bang &Olufsen (B&O) named Henrik Clausen as its new chief executive officer, less than two weeks after the Danish luxury hi-fi system maker walked away from takeover talks with a billionaire Chinese suitor. Clausen will take over from Tue Mantoni on July 1, the company said in a statement on Tuesday. Clausen comes from the Nordic region’s largest ...

  Bloomberg Saudi Arabia’s new state-owned discount carrier plans to build a fleet of as many as 50 aircraft by 2020 and will choose within weeks between narrow-body models made by Airbus Group SE and Boeing Co. Flyadeal will select either Airbus A320s or Boeing 737s that it will lease or obtain through a transfer of orders from parent company ...

  Bloomberg Whitbread Plc, the owner of Premier Inn hotels, reported a 12 percent increase in full-year earnings, exceeding analysts’ estimates, fueled by its Costa Coffee chain. Full-year underlying pretax profit rose to 546 million pounds ($792 million), Whitbread said in a statement on Tuesday. The median analyst estimate was for 539 million pounds. “Premier Inn and Costa benefit from ...

  Bloomberg Alibaba has found favour again with US investors, rebounding from its February low. But the company still can’t buy love in Hong Kong, where it first planned to list before departing for a New York float. The latest battle: Hong Kong’s takeover panel, part of the Securities and Futures Commission, ruled on Tuesday that while it won’t punish ...

  Beijing / AP Automakers are showcasing a new generation of luxurious SUVs at China’s biggest auto show of the year as they battle for buyers in the country’s cooling, crowded market. Honda Motor Co. held world debuts Monday for two SUVs, reflecting China’s high profile in the global industry. Ford, Volkswagen, General Motors and China’s Chery also displayed new ...