Bloomberg Superdry Plc shares plunged as its board and top management resigned following a shareholder vote to bring back co-founder Julian Dunkerton at the helm of the UK apparel retailer. Chairman Peter Bamford, Chief Executive Officer Euan Sutherland and Chief Financial Officer Ed Barker will leave immediately, the company said. Dunkerton will take over as interim CEO and join the …

Bloomberg A new startup may have the answer for cashed-up travellers desperate to beat the gridlock in the mega cities of Southeast Asia: helicopter ride-sharing. Ascent Flights Global Pte is starting the service in the Philippines next week and plans to expand to Thailand, Indonesia and Malaysia by next year. The Singapore-based company lets customers book a seat on a …

GENEVA / WAM World trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018 due to rising trade tensions and increased economic uncertainty. World Trade Organisation (WTO) economists expect merchandise trade volume growth to fall to 2.6% in 2019 down from 3.0% in 2018. Trade growth could then rebound to 3.0% …

Bloomberg Crude advanced for a third day after a further reduction in supply from Opec signaled that global markets are tightening. Futures added as much as 1.3% to the highest level since November in New York on Tuesday. Declines in Opec production are stoking optimism among investors as Saudi Arabia pressed on with output curbs and as power blackouts in …

Bloomberg US equities extended losses and European shares climbed as investors reassessed the strong rally that started the week. Treasuries resumed their charge higher, while the pound weakened after Britain’s parliament once again failed to reach a consensus on Brexit. The Dow was dragged down by Walgreens Boots Alliance Inc after lower pharmacy reimbrusements hurt earnings at the drugstore chain. …

Bloomberg An abrupt surge in Bitcoin sent the world’s most popular cryptocurrency to the highest level since November, jolting the $160 billion market for digital assets after three months of calm. Traders struggled to pinpoint reasons for the rally, though some noted a flood fresh interest after Bitcoin breached the $4,200 level. The cryptocurrency briefly topped $5,000 and the value …

Bloomberg The Bank of England (BOE) has been meeting with direct lenders to gauge the industry’s resilience to slowing growth, according to two people familiar with the matter. At least two of the biggest UK private credit funds met separately with members of the central bank’s financial stability unit in the past month, said the people, who asked not to …

Bloomberg Britain’s pound presents the biggest opportunity within developed-market currencies with a probable break-the-Brexit logjam moment coming soon, according to Goldman Sachs Group Inc. “We’re coming to a big finish here,” Zach Pandl, Goldman’s co-head of global foreign exchange and emerging market strategy, said on Bloomberg Television after the UK Parliament again rejected all alternatives to Prime Minister Theresa May’s …

Bloomberg Denmark’s financial watchdog is warning that smaller banks need to be on high alert for signs of money laundering as larger lenders tighten their surveillance systems. Jesper Berg, director general of the Financial Supervisory Authority in Copenhagen, said Denmark is concentrating on “building the lines of defense and having them stronger,” in an interview with Bloomberg Television. Denmark’s biggest …

Bloomberg The Hermitage Capital Management co-founder who’s become an activist in the fight against money laundering says Sweden’s decision not to pursue his case against Swedbank AB because of a statute of limitations won’t stop him seeking other avenues. Bill Browder, whose criminal complaints against Danske Bank A/S were followed by investigations in multiple jurisdictions, says the Swedish decision was …