Bloomberg A new Nordic raider is about to descend on Europe’s leading airlines in the shape of a little-known carrier that’s the launch customer for Airbus SE’s latest jetliner. Primera Air, a specialist in holiday flights from Denmark run by Icelander Hrafn Thorgeirsson, aims to take delivery of the first long-range version of the A321neo narrow-body plane in October and …

Bloomberg Steinhoff Africa Retail Ltd. extended a two-day fall to more than 10 percent after the continent’s biggest clothing retailer said it won’t pay a half-year dividend and announced charges related to its scandal-hit parent company. The owner of clothing chains including Pep and Ackermans was spun off by Steinhoff International Holdings NV three months before the majority shareholder reported …

Bloomberg PepsiCo Inc. is placing another bet that American nibblers want healthier options with the purchase of baked fruit and vegetable snackmaker Bare Foods Co. The maker of Mountain Dew and Cheetos inked a deal to buy the San Francisco-based creator of products including beet chips and baked apple crisps. The terms of the deal weren’t disclosed. PepsiCo, which has …

Bloomberg PetroChina Co. rallied the most in two years after regulators unveiled a new gas market policy that harmonises prices for different users and is seen as an earnings boost for the nation’s biggest producer and importer of the fuel. The company’s Hong Kong-traded shares closed 6.5 percent higher in reaction to an announcement that the pricing mechanism for gas …

Bloomberg Sliding oil prices are eroding the buffers that helped Russia withstand the emerging-market retreat. Investors are pulling cash from the biggest exchange-traded fund tracking Russian assets at the fastest pace in almost a year. Redemptions from the VanEck Vectors Russia ETF, which invests in oil and gas companies including Gazprom PJSC, Rosneft PJSC and Lukoil PJSC, reached $88.9 million …

Bloomberg US equity futures followed Asian shares higher on signals an America-North Korea summit is back on track, but risk appetite waned in Europe as Italy’s political outlook darkened. The region’s stocks and common currency both surrendered gains. S&P 500 futures advanced, as did South Korean stocks, after President Donald Trump appeared to confirm that his June meeting with Kim …

Bloomberg Chaos ruled Italian markets as the nation plunged deeper into political turmoil. Yields on the nation’s two-year bonds surged to the highest in four years in holiday-thinned trading, while stocks slumped for a fourth day as President Sergio Mattarella asked economist Carlo Cottarelli to form a government. Earlier League leader Matteo Salvini said that it made no sense for …

Bloomberg This isn’t the inflation the European Central Bank is looking for — but it is inflation. Figures this week are forecast to show euro-area consumer-price growth could have reached its fastest since early 2017 on the back of more expensive oil and a rebound in travel costs. The cost of crude and a weaker euro are also set to …

Bloomberg From trade talks and scrapped deals to elections and government infighting, “uncertainty” has emerged as the biggest obstacle for Canada, according to the head of the nation’s largest lender. “It’s all this uncertainty we’re looking at,” Toronto-Dominion Bank Chief Executive Officer Bharat Masrani said in a BNN Bloomberg interview when asked what’s the biggest risk to his bank’s Canadian …

Bloomberg Federal Reserve Chairman Jerome Powell and other top central bankers defended their use of unconventional policies during and after the financial crisis, but said more work was needed before they could declare the experiments successful. “The test is not over,” Powell said, less than three weeks before the Fed is expected to raise its policy interest rate for a …