Bloomberg China’s coal mining giants surged on Monday after promising generous dividend payouts and as prices for the fuel jumped on supply tightness. Shares for China Shenhua Energy Co. and Yanzhou Coal Mining Co. both rose more than 10% in Hong Kong. The companies, China’s largest listed miners by production, said Friday they would give the lion’s share of 2020 ...

Bloomberg Carrefour SA is buying Walmart Inc.’s former Brazil unit to cement its position as the country’s largest supermarket operator two months after being the target of a failed takeover bid. Advent International and Walmart agreed to sell Grupo BIG Brasil SA for about $1.3 billion, Carrefour said. Brazil is already the French retailer’s second-largest market, and the deal would ...

Bloomberg French Finance Minister Bruno Le Maire said the government and the European Commission are nearing a deal for the recapitalisation of Air France that could be finalised in the coming days. “The negotiation was long and difficult and isn’t entirely finished,” Le Maire said on Monday on France Info radio. The accord will be fair and protective for Air ...

Bloomberg UK retail sales posted a modest rebound in February after a brutal start to the year, when a lockdown to contain coronavirus forced non-essential stores to close. The volume of goods sold in shops and online rise 2.1% from January, the Office for National Statistics said, in line with economists’ expectations. Sales excluding auto fuel climbed 2.4%. The pickup ...

Bloomberg Unused airline tickets are getting extra shelf life as the steep drop in travel demand extends into a second year due to the coronavirus (Covid-19). Fewer flight credits are on the verge of lapsing after United Airlines Holdings Inc. and American Airlines Group Inc. extended expiration dates into 2022, following similar moves earlier in the crisis by rivals. About ...

Bloomberg Ryanair Holdings Plc is preparing for a rapid return to air travel in Europe this summer, even as rising coronavirus cases and a flawed vaccine rollout threaten to slow the rebound. Europe’s largest discount carrier expects to be flying at about 50% of its pre-pandemic capacity at the start of summer, with the figure reaching 80% in the July-September ...

Bloomberg The Bank of England (BOE) flagged instances of illiquidity as a broader risk to the financial system after a rout in some government bond markets pushed yields higher. The comments in a routine assessment of threats to the financial system indicate concerns at the central bank that Governor Andrew Bailey has sought to play down. The bank’s Financial Policy ...

Bloomberg Philippine central bank Deputy Governor Mamerto Tangonan has long wanted to make electronic money so ubiquitous that one could pay at a street stall via mobile phone. Now he’s leading the bank’s digital drive. “This is my life’s purpose,” Tangonan said in a March 24 interview, his first since he took office in February. Tangonan, 58, is point man ...

Bloomberg Mexico’s central bank will continue taking a data-dependent approach to monetary policy going forward, central bank Governor Alejandro Diaz de Leon said in an interview, after the board decided to keep borrowing costs at their lowest in almost five years. The bank’s decision to hold its benchmark interest rate at 4% amid an inflation spike prompted some analysts, including ...

Bloomberg New Zealand’s central bank is requiring Westpac Banking Corp.’s local unit to hold more liquid assets while it sorts out problems with risk governance processes. Westpac NZ was found to be in breach of the requirements of the Reserve Bank’s liquidity policy over a period from 2012 to 2020, the RBNZ said in a statement in Wellington. It has ...