Bloomberg Citigroup Inc is underwriting a $1.2 billion bond sale for the Dallas Fort Worth International Airport, the largest deal it has managed since reentering the Texas municipal-bond market after being temporarily sidelined last year over the bank’s firearms policy. The transaction would be a major win for the bank’s public finance business, which has seen its standing in ...

Bloomberg WM Morrison Supermarkets warned that a deterioration in the geopolitical environment in Europe, rising inflation and waning consumer sentiment could hurt its sales and profit this year. Britain’s fourth largest grocer, recently acquired by US private equity group Clayton Dubilier & Rice LLC, said “increasing inflationary pressure” has affected the wider grocery market and its own performance since February, ...

  Bloomberg Airbus SE is weighing a further delay in its production plan for A350 widebody jets after sanctions on Russia weakened the outlook for deliveries, according to people familiar with the matter. A goal of building six A350s a month by early 2023, which had been reiterated as recently as February, may now slide to the end of that ...

Bloomberg A call between top diplomats from China and Ukraine sends a fresh signal that President Xi Jinping could soon speak with Volodymyr Zelenskiy for the first time since Russia’s invasion more than a month ago. Foreign Minster Wang Yi reiterated China’s desire for a ceasefire in talks with Ukraine counterpart Dmytro Kuleba, their first such exchange since March 1, ...

Bloomberg Peru’s leader declared a curfew in the capital Lima to stem violent protests against inflation that have intensified in recent days, leading to clashes with police, temporary food shortages and supply-chain disruptions. President Pedro Castillo announced the curfew in an address to the nation while declaring a state of emergency in Lima and the nearby port city of Callao. ...

Bloomberg Sri Lanka’s parliament meets as an economic crisis spiraled into street protests and a number of lawmakers called for President Gotabaya Rajapaksa to step down due to the mismanagement of the country’s finances and his sweeping executive powers. A ruling coalition partner, the Sri Lanka Freedom Party, said its 14 lawmakers had decided to withdraw support for Rajapaksa’s government ...

Bloomberg Numerous European Union countries expelled Russian diplomats following the apparent slaying of Ukrainian civilians in Bucha, a town near Kyiv that was among the first targets of invading Russian forces. Germany said it was kicking out 40 staff members from the Russian embassy in Berlin with suspected links to spy agencies. France followed suit, saying it was telling 35 ...

  Bloomberg The Reserve Bank of Australia (RBA) is under pressure to begin tightening monetary policy in as little as two months as a strengthening economy together with pre-election budget spending fuels inflation concerns. A number of economists have either brought forward their call for the first interest-rate rise or are highlighting risks from Governor Philip Lowe turning hawkish following ...

  Bloomberg Citigroup Inc is among underwriters that have temporarily paused initial public offerings of new US special purpose acquisition companies until they get more clarity on the potential legal risks posed by recently proposed rules, according to people with knowledge of the matter. The New York-based bank is awaiting feedback from legal advisers regarding underwriter liability among other topics, ...

  Bloomberg Alibaba Group Holding Ltd and Didi Global Inc rallied for a second day, adding $93 billion in value to US listed Chinese stocks as fears of potential delistings eased. The Nasdaq Golden Dragon China Index jumped 7.4%, adding to the climb after Beijing regulators published revised draft rules scrapping requirements that on-site inspections should be mainly conducted by ...