Bloomberg The Bank of England (BOE) may cut the amount of miles staff can travel by air to hit increasingly stringent environmental targets. Sarah Breeden, the central bank’s executive sponsor for climate change, said that policy makers could be encouraged to swap overseas trips for virtual meetings even when pandemic restrictions ease. The UK central bank hit its climate target …

Bloomberg New Zealand’s currency and short-dated bond yields surged after an upbeat business survey drove traders to bring forward rate-hike expectations, with markets now pricing a total unwind of pandemic-fuelled rate cuts by the end of 2022. The kiwi jumped 1.1%, while the benchmark 2024 bond yields gained as much as nine basis points on Tuesday to hit the highest …

Bloomberg Goldman Sachs Group Inc is preparing to move its Japan headquarters into a new tower being built in Tokyo as the Wall Street firm adapts to office life after the pandemic. The US investment bank plans to relocate from the landmark Roppongi Hills complex owned by Mori Building Co into the developer’s tentatively named Toranomon Hills Station Tower sometime …

Bloomberg Australia’s central bank (RBA) took the first steps towards dialing back its emergency stimulus for an economy that’s exceeded expectations, even as Governor Philip Lowe warned persistently weak inflation would likely see him trail global counterparts in raising interest rates. The Reserve Bank opted against extending its yield-target horizon beyond April 2024 and scaled back purchases of longer-dated bonds …

Bloomberg Didi Global Inc plunged in premarket trading after a Chinese regulator ordered the removal of the company’s platform from app stores, days after a $4.4 billion initial public offering (IPOs) in the US. Shares of the China-based tech firm fell as much as 30% to $10.90, taking them below the $14 IPO price. They traded at $11.90 as of …

Bloomberg Indian sovereign bonds slumped as the central bank’s choice of relatively illiquid papers for its bond-purchase program disappointed traders. Surging global oil prices also weighed on sentiment. The yield on the 5.63% bond maturing in 2026 rises as much as nine basis points to 5.85%, while the 6.64% 2035 bond yield climbed five basis points. The benchmark 10-year yield …

KUWAIT / WAM Dr Matar Hamed Al Neyadi, UAE Ambassador to Kuwait, has met with Marzouq Ali Al-Ghanim, Speaker of the National Assembly of Kuwait, and discussed means of developing relations between the two countries along with a number of issues of common concern. During the meeting, held at Al-Ghanim’s office at the National Assembly, the ambassador affirmed the UAE’s …

Bloomberg Saudi Arabia plans to invest 550 billion riyals ($147 billion) in transport and logistics over the next nine years as Crown Prince HRH Mohammed bin Salman looks to turn the kingdom into a global aviation hub. About 35% of that spending will come from the government and the rest from the private sector as officials launch a new international …

Bloomberg A massive plume of methane, the potent greenhouse gas that’s a key contributor to global warming, has been identified in China’s biggest coal production region. The release in northeast Shanxi province is one of the largest that geoanalytics company Kayrros SAS has so far attributed to the global coal sector and likely emanated from multiple mining operations. Details captured …

Bloomberg French Finance Minister Bruno Le Maire said it will be difficult for the country to accept the European Commission’s requests regarding a proposed reorganisation of Electricite de France SA tied to regulatory reform. “It seems very complicated to explain to the French — not to mention EDF employees — that we’ll give in to the demands of the European …