Bloomberg JPMorgan Chase & Co.’s hedge fund clients have returned to buying Hong Kong stocks since mid-March after continuous selling for more than a year, the Wall Street bank said in a note. In China, flows have stabilized as purchases to cover short positions were offset by a reduction in bullish wagers in the last few weeks, the US …

  Bloomberg Oil, bolstered by a broad-based market rally, rose for a second day as US crude and gasoline stockpiles showed signs of continuing decline ahead of the summer driving season. West Texas Intermediate futures rise more than 3% alongside a rebounding equity market, while the dollar falls, which makes commodities priced in the currency cheaper. Global crude markets continue …

Bloomberg Qantas Airways Ltd’s pilots union has warned of looming risks to flight safety — from crew fatigue to looser landing rules in Australia — as a travel rebound stretches an industry still fragile from the pandemic. With domestic travel restrictions eased, passenger demand in Australia exceeds 2019 levels and Qantas and smaller rival Virgin Australia are ordering new planes …

  Hanoi / WAM All airline members of Vietnam Airlines Group, Vietnam Airlines, Pacific Airlines and VASO, will offer more than 7.1 million seats on both domestic and international routes during the peak summer travel season. According to Vietnam News Agency (VNA), it is estimated that a total of over 36,000 flights will be made available for summer travellers from …

  Bloomberg IndiGo, India’s biggest airline, slipped back into a loss in its latest quarter as the omicron-led virus wave in the country curbed air travel. Fuel-related expenses also rose sharply. The carrier, operated by InterGlobe Aviation Ltd, posted a loss of 16.8 billion rupees ($216.7 million) in the three months through March, according to an exchange filing. The average …

Bloomberg Britain set out plans to bolster airlines and airports roiled by the coronavirus pandemic, while emphasizing that growth must be in line with steps to slash carbon emissions and promising a charter for traveller rights. The ten-point strategy revealed by the government lists ambitions including sustainable growth in both passengers and cargo and the addition of airport capacity where …

Bloomberg Macy’s Inc raised its profit forecast as US consumers keep spending despite the highest inflation in four decades. The shares rose in early trading. Earnings excluding some items are now seen in the range of $4.53 to $4.95 this year, up from a prior forecast of $4.13 to $4.52, the department-store chain said as it reported first-quarter results. Analysts …

  Bloomberg JD Sports Fashion Plc fell 12% in early London trading after announcing executive chairman Peter Cowgill is stepping down with immediate effect. The move comes just a few months after the British retailer was fined nearly $6.3 million by the country’s antitrust regulator. JD Sports said Helen Ashton, chair of the audit and risk committee, will become interim …

  Bloomberg US equity futures were mixed and bonds gained on Thursday as traders weighed Federal Reserve minutes that struck a less hawkish note with downbeat remarks on China’s economy by Premier Li Keqiang. Contracts on the Nasdaq 100 and S&P 500 fluctuated amid mixed corporate news. Nvidia Corp. fell more than 5% in premarket trading as China’s Covid-19 lockdowns …

Bloomberg It’s time to buy the dip in stocks, particularly in Europe and emerging markets, on their appealing valuations after a steep global selloff, according to strategists at Citigroup Inc. Strategists led by Robert Buckland said in a note that Citi’s bear market checklist is currently warning about only six out of 18 red flags, which compares with 13 red …