Bloomberg UBS Group AG may require staff to seek approval before trading cryptocurrencies in their personal accounts, bringing its policy on whipsawing virtual money into line with its rules on dealing other securities. “At present the Global Policy on Personal Investment is silent on cryptocurrencies and thus disclosure and pre-clearance is not required” in most cases, UBS told staff this …

Bloomberg Boeing and Airbus have never had it so good in Asia. The rapid growth of mainland Chinese carriers and the entry of many budget operators has meant billions of dollars in orders for the aircraft makers. At the Singapore Airshow this week, top officials from Airbus SE Chief Executive Officer Tom Enders to Boeing Co.’s vice president of marketing …

Bloomberg Tesco Plc named Booker Group Plc Chief Executive Officer Charles Wilson to lead its British and Irish operations, elevating a potential successor for the leading role at the UK’s biggest retailer. The appointment of Wilson, 51, creates a strong No. 2 to CEO Dave Lewis. Before engineering a $5.2 billion sale to Tesco, Wilson transformed the food and drink …

Bloomberg Jet engines used to be slung under a plane’s wing and then largely forgotten about until they came into the hangar for a checkup. More recently they’ve graduated to data downloads that allow engineers to devise maintenance regimes while aircraft are still flying. The next generation of turbines will be way smarter again, according to Rolls-Royce Holdings Plc, communicating …

Bloomberg Estee Lauder Cos.’s online sales and China push are helping maintain its growth streak. The New York-based seller of Clinique and Aveda products saw sales surge across most of its brands in the latest quarter, with skin care, makeup and fragrances all posting double-digit gains. Revenue advanced on a regional level too, led by a 33 percent climb in …

Bloomberg As short sellers swoop on Marks & Spencer Group Plc, value investors are pinning their hopes on a man with a history of turning around struggling businesses. Archie Norman, 63, a former lawmaker who joined the iconic British retailer as chairman in September, is credited with leading the Asda supermarket chain from near bankruptcy in the early 1990s to …

Bloomberg For almost a decade, investors have waited patiently for any hint of inflation in the US economy, a sign the recovery can sustain itself without emergency stimulus from the Federal Reserve. Now they’re getting it, and many are shocked at the reaction. It landed with the worst stock market plunge since January 2016. A stronger-than-expected employment report with signs …

Reuters Middle Eastern stock markets sank on Sunday in response to the tumble on Wall Street on February 2, after US data showed the strongest annual wage growth since 2009 and raised the risk of more interest rate hikes than expected this year. The Saudi index dropped 0.6 percent with falling shares outnumbering gainers by 105 to 74. Saudi Arabian …

Bloomberg Crude production by OPEC and its main ally Russia held steady last month as increases in Saudi Arabia and Iran offset the ongoing deterioration of Venezuela’s oil industry. Output from the 14 members of the Organization of Petroleum Exporting Countries rose just 20,000 barrels a day to 32.4 million a day in January, according to a Bloomberg News survey …

Bloomberg Iran can swiftly increase production of crude if OPEC decides to scrap limits on global output when the group meets next in June, Oil Minister Bijan Namdar Zanganeh said. The Persian Gulf nation can raise daily production by at least 100,000 barrels within “five or six days” if the Organization of Petroleum Exporting Countries decides that crude prices are …