Bloomberg American Airlines is canceling reward trips and seizing miles, joining partner Citigroup in cracking down on customers who take advantage of the carrier’s loyalty program by opening multiple accounts. Some customers have started complaining in recent weeks on Twitter and a popular Reddit site for people who make a hobby of signing up for credit cards, either properly or ...

Bloomberg From its colonial trading days to reclaiming land from the sea, the Netherlands has a tradition of pushing the limits, but a public backlash over a planned airport suggests that many Dutch have had enough. With the opening of a second Amsterdam hub delayed by 20 months and counting, political fronts are hardening ahead of a crucial environmental-impact report ...

Bloomberg An Irish company that buys and leases airplanes sued Boeing Co. in the US to void contracts for almost two dozen 737 Max aircraft and to demand at least $185 million in damages, citing design flaws that led to two deadly crashes. Timaero Ireland Ltd., based in Dublin, sued Boeing in federal court in Chicago, alleging fraud and breach ...

Bloomberg The US and China are arranging the formal signing of the first phase of a broader trade deal between the world’s two biggest economies, President Donald Trump said after discussions between him and his counterpart, Xi Jinping. “Had a very good talk with President Xi of China concerning our giant Trade Deal. China has already started large scale purchases ...

Bloomberg Oil erased almost an entire week of advances as chart-watching traders tested a key price barrier. Futures in New York fell 1.2%, a day after closing at a three-month high. Selling accelerated after a foray above $61 a barrel petered out, a bearish technical signal. The next key threshold is at the $60 level, traders said. On the fundamental ...

Bloomberg Information on 267 million Facebook users, including user names, phone numbers and Facebook IDs, was exposed online, according to a cybersecurity researcher. The data, mostly from US Facebook users, was posted on a searchable database by a group that appeared to be based in Vietnam, said Bob Diachenko, the cyber threat intelligence director at Security Discovery, a Ukrainian cybersecurity ...

Bloomberg The former head of HSBC Holdings Plc’s North American interest rates business was sued for fraud by the US Commodity Futures Trading Commission (CFTC). Christophe Rivoire helped manipulate the price of an interest rate swap between the bank and a bond issuer, the CFTC said in a complaint filed in Manhattan federal court. The agency claimed the issuer had ...

Bloomberg Bank of America Corp, which tops the league table for US leveraged-loan issuance, is watching that market closely for signs of stress. “The real concern is: Is there too much leverage in the system in certain companies, and if they have trouble, will that impact the economy?” Chief Executive Officer Brian Moynihan said in a Bloomberg Television interview. “We ...

Bloomberg China’s central bank injected the most liquidity via open-market operations since January, in a push to ensure ample cash supply ahead of seasonal tightness at year-end. The People’s Bank of China (PBOC) added 280 billion yuan ($40 billion) into the financial system with 7 and 14-day reverse repurchase agreements , while keeping the interest rates unchanged. That came after ...

Bloomberg The Bank of England (BOE) signalled it will focus on the next phase of Brexit negotiations as two policy makers continued to push for an immediate interest-rate cut. Officials said it was too early to tell whether the clearer path for the UK’s departure from European Union (EU) on the back of Boris Johnson’s election win will improve sentiment. ...