“Perfect miss.” That was the first reaction to the November jobs report I saw on Twitter. And it turned out to be exactly right in the eyes of the $20.4 trillion US Treasury market. The benchmark 10-year yield extended its climb, increasing 6 basis points on the session to 0.97%, breaking through to its highest level since March. Certainly, the ...

After a year-long pause, the euro zone seems ready to resume talks over the completion of a “banking union”. The project — which includes creating a single deposit insurance scheme for all the bloc’s lenders — would go a long way towards boosting the resilience of Europe’s financial system. For all the good intentions, however, the zeitgeist in the monetary ...

UK Prime Minister Boris Johnson is visiting Brussels for last-ditch talks with Ursula von der Leyen, head of the European Commission, on Britain’s future trading relationship with the European Union. In truth, with countless deadlines already broken and forgotten, there’s no last ditch. Regardless of what happens this week, Brexit promises a perpetual supply of new ditches — extending as ...

Bloomberg Live streaming by Chinese influencers like Wei Ya and “lipstick king” Li Jiaqi, peddling everything from skincare products to toilet paper, lured millions to Alibaba Group Holding Ltd’s biggest binge-shopping day last month, posting a record $75 billion in sales. In Europe, the event barely made a ripple. While Alibaba’s Tmall platform in China logged 583,000 orders in one ...

Bloomberg General Electric Co poured $4 billion into repairing its balance sheet, furthering steps to whittle down a pension liability that has been a thorn in Chief Executive Officer Larry Culp’s turnaround efforts. The manufacturer prefunded about $2.5 billion in pension requirements for the next three years and repaid $1.5 billion of an intracompany loan to GE Capital, according to ...

Bloomberg Boeing Co lost almost half of a 737 Max aircraft order from Bain Capital’s Virgin Australia under a new agreement that also postpones the initial jet delivery by two years to mid-2023. Virgin Australia will take 25 of Boeing’s Max 10 jets to serve as the “backbone” of future domestic and short-haul international flights, Jayne Hrdlicka, the budget carrier’s ...

Bloomberg South Africa faces a fresh battle with labour groups in its effort to revive the bankrupt state airline, offering three months of wages to employees who haven’t been paid since March. The government’s Department of Public Enterprises (DPE) and the National Union of Metalworkers of South Africa were scheduled to discuss the matter, according to a spokeswoman for the ...

Bloomberg Americans are expected to continue with their travel plans for the Christmas holiday with more than a million air passengers per day anticipated for several days during the holiday period, David Pekoske, administrator of the Transportation Security Administration (TSA), said during an aviation event. Americans plan to travel despite Center for Disease Control advice to stay at home and ...

Bloomberg American Airlines Group is expanding pre-flight coronavirus testing in an effort to boost demand for domestic travel. At-home tests would enable passengers with negative results to avoid or shorten Covid-19 quarantines and other restrictions at US destinations with travel requirements, American said in a statement. Starting from December 9, customers started having access to tests provided by LetsGetChecked for ...

Bloomberg The Trump administration has imposed sanctions at a record-shattering pace of about three times a day during the president’s time in office: a slew of measures targeting companies, individuals and even oil tankers tied to Iran, North Korea, China, Venezuela and Russia. President-elect Joe Biden’s team is promising a top-to-bottom review of sanctions operations, but don’t expect a significant ...