Bloomberg Argentina Economy Minister Martin Guzman and Kristalina Georgieva, managing director of the International Monetary Fund (IMF), discussed plans for a “secure and orderly resolution” of Argentina’s debt situation, the IMF said. The conversation on the sidelines of the Group of 20 meeting in Riyadh, Saudi Arabia, also touched on ways to secure more sustainable and inclusive growth for the ...

Bloomberg JPMorgan Chase & Co is planning to enter the UK consumer-banking market in the next few months, offering a range of savings and loan products under its Chase brand, Sky News reported, citing unidentified sources. The Wall Street stalwart has been in discussions with regulators about securing the necessary approvals to operate in UK personal banking, Sky said. The ...

Bloomberg The ousted chief executive of Danske Bank A/S, Thomas Borgen, has been personally targeted in an investor lawsuit arguing he withheld information about potential money laundering that subsequently destroyed the lender’s market value. Deminor, a Brussels-based law firm, said it has filed a legal complaint against Borgen on behalf of 155 institutional investors seeking damages of 358 million euros ...

Bloomberg UBS Group AG Chairman Axel Weber said markets are underpricing the risk that the coronavirus poses to the global economy. “There is going to be quite a bit of impact that is going to go beyond the first quarter and that is where fiscal response, providing businesses with some tax relievers, some emergency funding, that is going to be ...

Bloomberg Banque Misr SAE is seeking to borrow $250 million from international lenders this year to boost financing at home, while it presses on with plans to expand into three countries it’s targeting in sub-Saharan Africa. Egypt’s second-largest state-owned lender will use the debt to finance small- and medium-size enterprises, among other purposes, Chairman Mohamed Eletreby said in an interview. ...

Bloomberg Boeing Co put three employees who worked with the former chief technical pilot of the 737 Max on administrative leave as a federal grand jury investigates whether he intentionally misled the Federal Aviation Administration (FAA) about a software system tied to two deadly crashes, people familiar with the matter said. The employees were notified of the action, according to ...

Bloomberg The $35 bag fee is gaining traction as US airlines contend with the financial fallout of the grounding of the 737 Max jet and a viral pandemic that has decimated travel to China. United Continental Holdings Inc will increase the charge for passengers’ first and second checked bags by $5, to $35 and $45, respectively. The fee changes applied ...

Bloomberg Business-jet shipments last year jumped to their highest level in a decade, spurred on by new models and solid US economic growth. Deliveries rose 15% to 809 aircraft, the General Aviation Manufacturers Association (GAMA) said. Sales jumped 17% to $21.1 billion, driven in large part by big corporate planes. New aircraft, including the Gulfstream G500, Bombardier Inc’s Global 7500 ...

Bloomberg Walmart Inc is parting ways with grocery-delivery partner Skipcart, the latest defection from its network of logistics companies who often struggle to make ends meet schlepping cola and cantaloupes for the nation’s biggest food retailer. Skipcart notified Walmart that it was terminating their relationship effective from April 30, according to a letter obtained by Bloomberg News. That end date ...

Bloomberg Zimbabwe’s troubled national airline has failed to secure outside investment, dealing a blow to government plans to sell state-owned assets and secure much-needed revenue. The airline, which in October 2018 was placed under administration, a form of bankruptcy protection, received expressions of interest from 10 international investors and had short-listed three bidders. “A process to solicit for a strategic ...