Bloomberg Mario Draghi nudged the European Central Bank (ECB) closer to pumping more monetary stimulus into the economy, highlighting that “lingering” risks are strengthening the case for action. The ECB president said at the institution’s annual forum in Sintra, Portugal, that “additional stimulus will be required” if the economic outlook doesn’t improve. He said the commitment to keeping interest rates ...

Bloomberg Malaysia’s large banks have the highest board representation for women across the Southeast Asian region, outpacing peers in Singapore and the Philippines where the proportion is below 15 percent. Women make up more than 30 percent of the boards of top Malaysian lenders, compared with only 9 percent on average in the Philippines, and 13 percent in Singapore, according ...

Bloomberg Australia’s central bank is likely to lower interest rates again to drive increased hiring. The central bank aims to boost households’ confidence that inflation will return to target. The Reserve Bank made the comment in minutes of its June 4 policy meeting, when it eased the cash rate to 1.25 percent in the first reduction in almost three years. ...

Bloomberg Bank Indonesia sees room to cut interest rates, according to Governor Perry Warjiyo, raising the prospect of Southeast Asia’s biggest economy easing monetary policy in the face of growing risks to growth. “If we take into account low inflation and economic growth that needs to be pushed, indeed, we already know that there’s room to lower interest rate,” Warjiyo ...

Bloomberg Boeing Co is open to dropping the “Max” branding for its latest 737 jetliner, depending on an assessment of consumer and airline responses to an aircraft name that’s been tarnished by two fatal crashes and a three-month grounding. “I’d say we’re being open-minded to all the input we get,” Chief Financial Officer Greg Smith said in an interview on ...

Bloomberg Cebu Air Inc ordered 31 aircraft from Airbus SE worth $6.8 billion as the Philippines’ largest budget carrier targets an all-new fleet in five years. The order for 16 A330neo and 15 A320neo family aircraft including 10 A321 XLR was made during the Paris Air Show, the airline owned by billionaire John Gokongwei said in a statement. The jets ...

Bloomberg Virgin Atlantic Airways Ltd plans to use the purchase of UK regional carrier Flybe Group Plc for further takeovers of British operators so it can feed more passengers onto its long-haul flights. The carrier, founded by billionaire Richard Branson, would like to use Flybe to roll up more airlines into an expanded short-haul business as part of a plan ...

Bloomberg Korean Air Lines Co is poised to order 30 widebody Boeing 787 aircraft, according to people familiar with the matter, in a deal that would be the first for the US planemaker at the Paris Air Show after rival Airbus SE clinched a series of sales. The deal was expected to be announced as soon as Tuesday, said the ...

Bloomberg London’s Heathrow airport has unveiled final plans for the development of a third runway as Europe’s busiest hub seeks to boost flights and stay ahead of rival bases in Paris, Amsterdam and Frankfurt. The runway should be opened by about 2026, with the full project to be finished by 2050 as part of a phased addition of capacity aimed ...

Bloomberg The impact of Target Corp’s weekend register glitch won’t show up until the retailer discloses quarterly revenue in August, but it could have cost the company about $50 million in lost sales, according to one analyst. Target’s registers went down for about two hours recentlyacross the chain, stemming from what the company called an “internal technology issue” that left ...