Bloomberg American Airlines Inc. is suing the Points Guy travel site for letting frequent flyers manage their miles outside the carrier’s own website. The airline accused the Points Guy of violating its trademark as well as privacy rules associated with its AAdvantage loyalty program. It asked the federal court in Fort Worth, Texas, for an order stripping all American …

  Bloomberg Qantas Airways Ltd applied to end a pre-pandemic agreement with cabin crew as it seeks more flexibility on rostering to recover from the Covid crisis, a move unions said jeopardizes salaries and working conditions. Qantas said it has asked Australia’s Fair Work Commission to terminate its agreement with long-haul cabin crew after a proposal for a new four-year …

  Bloomberg Airbus SE staff at a wing-assembly plant in Broughton in Wales are set to vote on strike action after rejecting a pay offer, posing a potential risk to production as the company cranks up build rates for narrow-body jets. Toulouse, France-based Airbus is in discussions with the Unite union to try and avoid industrial action, a spokesman said …

  Bloomberg The biggest US banks received a clear message in recent days: Runaway expenses won’t cut it. Lenders that reported higher-than-expected costs, including JPMorgan Chase & Co., Goldman Sachs Group Inc. and First Republic Bank, had their shares pummeled by investors. Bank of America Corp., (BofA) on the other hand, showed companies a different way to manage costs despite …

  Bloomberg JPMorgan Chase & Co raised Chief Executive Officer (CEO) Jamie Dimon’s total compensation 10% to $34.5 million for his work in 2021, the firm’s most profitable year on record. The package for Dimon — often the highest-paid CEO in US banking — includes $28 million of restricted stock tied to performance, an annual base salary of $1.5 million …

  Bloomberg A pledge by China’s central bank to open its monetary policy tool box wider to spur an economy under strain has fueled debate over its next move. With the People’s Bank of China (PBOC) having already cut interest rates and the ratio of cash banks must hold in reserve, economists are betting authorities will turn to some of …

  Bloomberg Citigroup Inc, which has been shedding some of its retail operations as part of a global revamp, is in advanced talks with Taiwan’s Fubon Financial Holding Co. for a sale of its mainland China consumer business, people familiar with the matter said. Taipei-based Fubon has emerged as the likeliest buyer after outbidding rivals, and the two lenders are …

Bloomberg Malaysia kept its benchmark interest rate at a historic low, maintaining support for an economy hit in recent weeks by floods and the fast-spreading Omicron variant. Bank Negara Malaysia held the overnight policy rate at 1.75% at its first monetary policy meeting of the year, as predicted by all 25 economists in a Bloomberg survey. The central bank has …

  Bloomberg Banks are ramping up or extending efforts to protect their staff and business continuity in Hong Kong as authorities struggle to contain a fifth wave of Covid infections in the city. At Morgan Stanley, non-critical staff in some groups have been told to work from home starting Monday, said a person familiar with decision, who asked not to …

  Bloomberg US equity futures were mixed while European stocks fall as investors assessed shaky company earnings and the prospect of higher US borrowing costs. Bond yields dropped a second day. The Stoxx Europe 600 Index touched the lowest level in a month weighed by miners, travel and leisure and automakers. Nasdaq 100 contracts underperformed after the tech-heavy gauge entered …