Bloomberg Judy Shelton, one of President Donald Trump’s most recent picks for the Federal Reserve board, challenged an article of faith regarding the US central bank in private comments to a bank executive last month: that it should operate free of political influence. Shelton shared her views on monetary policy and the Fed with Beat Siegenthaler, global macro adviser for …
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Bloomberg The market, it’s said, finds a way to maximise the pain. For everyone who fell in love with cyclical shares just in time for them to drop the most in two months this week, it’s an adage they can relate to. Lurches in retail, technology and commodity stocks are spelling trouble for newly christened macro bulls, sending an exchange-traded …
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Bloomberg The chorus of bullish voices in favour of the pound is growing as investors become more confident the ruling Conservatives will win next month’s UK election. Funds are increasingly betting on the currency to strengthen as Boris Johnson’s party extends a lead against left-wing Labour in polls for the December 12 vote. BlackRock Inc and Goldman Sachs Group Inc …
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Bloomberg Italy risked failure in its latest attempt to bail out bankrupt airline Alitalia, after two companies involved in the rescue got cold feet, raising the prospect of at least a temporary nationalisation of the carrier. State rail operator Ferrovie dello Stato Italiane SpA (FS) said that conditions aren’t in place to form a group to save the airline from …
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Bloomberg A Boeing Co lawyer said the aircraft maker has reached settlements in more than 60 wrongful death cases filed after a 737 Max 8 plane flown by Lion Air crashed in Indonesia last year, killing all 189 people aboard. Attorney Dan Webb told US District Judge Jorge L Alonso in Chicago that Boeing has reached agreements involving 63 or …
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Bloomberg Europe’s airlines are coalescing around a two-pronged response to a public backlash over carbon emissions. Carriers initially plan to extend the use of offsets like tree planting to compensate for greenhouse-gas output while also embracing sustainable biofuels, executives from companies including Deutsche Lufthansa AG, EasyJet Plc and IAG’s British Airways arm said at a conference in Berlin. That’s before …
Read More »Bloomberg One of Air Tanzania’s new Bombardier aircraft has been impounded in Canada amid a land-compensation dispute dating back to the 1980s, according to the East African nation’s government. The decision by Canadian authorities to impound the Bombardier Q400 plane isn’t directly linked to Tanzania’s national carrier and is related to a dispute between the East African nation and a …
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Bloomberg Berkshire Hathaway Inc’s new wager on furniture retailer RH has Warren Buffett’s company in a place it rarely finds itself: invested in a heavily shorted stock. RH is the most popular short in the home-furnishing retail sector with 37% of the shares available to trade on loan to bears, according to data from financial analytics firm S3 Partners. The …
Read More »Bloomberg Twenty-time Grand Slam tennis champion Roger Federer has bought a stake in Swiss running shoe manufacturer On, a move prompted by the end of his contract with Nike Inc and as he plans for life after professional tennis, Swiss newspaper NZZ am Sonntag reported. “I am excited to be able to work with a young Swiss company that’s on …
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Washington / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation concluded his visit to Washington, DC after meeting with senior US government officials. Sheikh Abdullah met US Secretary of State Mike Pompeo. They discussed UAE-US cooperation to create mutual prosperity and ensure security in the Middle East and around the world. “The …
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