Bloomberg Credit Suisse Group AG is betting that the leveraged loan market can continue its explosive growth over recent years, as buyout firms sitting on unprecedented levels of capital look to maximise their firepower over the next few years. “There is over a trillion dollars of capital committed to private equity firms that has yet to be deployed,” David Miller, ...

Bloomberg Former Bank of England (BoE) policy maker Andrew Sentance said the UK shouldn’t look overseas for the institution’s next governor, criticising incumbent Mark Carney for not knowing enough about Britain. Sentance, a member of the Monetary Policy Committee from 2006 to 2011, told the Press Association that Carney’s “lack of confidence with raising interest rates has been due to ...

Bloomberg Don’t declare the end of easy money just yet. Major central banks took significant steps last week towards dismantling the emergency stimulus they’d used to lubricate financial markets and escape recession in the decade since the financial crisis. But most are clear that they’re not ready to get out of the business of supporting their economies. After raising interest ...

Bloomberg Norwegian Air Shuttle ASA surged as much as 12 percent after Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said his company was in takeover discussions with the Scandinavian discount specialist, raising the possibility of a bidding war. Lufthansa has been in contact with Norwegian and whether an agreement is reached will depend on the price on offer and ...

Bloomberg Google is investing $550 million in cash in China’s JD.com Inc. as the US search giant pushes deeper into online commerce. Alphabet Inc.’s Google will buy newly issued Class A shares at $20.29 per share, equivalent to $40.58 per ADS, the companies said in a joint statement. The pair plan to explore joint development of retail solutions in regions, ...

Bloomberg David Neeleman, who started JetBlue Airways Corp. with $100 million in 2000, is raising money to launch a new low-cost carrier focussed on secondary airports in the US, according to Airline Weekly. The airline, to be called Moxy Airways, has secured orders for 60 Bombardier CS300 aircraft, the trade journal reported, citing people familiar with the matter. The first ...

Bloomberg Chinese spacecraft face steep new US tariffs unveiled by the Trump administration. The same goes for “turbojet” engines and large airliners like the Comac C919. The US doesn’t import any of these items, and the Chinese industries creating them are just beginning to establish themselves on the global stage. The list of newly taxed items appears aimed at years, ...

HUDEIDAH / WAM The Emirates Red Crescent (ERC) began distribution of urgent humanitarian supplies to civilians in liberated areas of Hodeida, announced HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, Chairman of Emirates Red Crescent. The distribution of aid in Hodeida’s liberated areas aims to ease the suffering of the Yemeni civilians who continue to ...

HARARE / WAM The UAE and Zimbabwe signed in Harare, the capital of Zimbabwe, two agreements related to protecting and encouraging investment and avoiding double income taxation, as well as an MoU on the marketing and supply of energy. Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, sig-ned both agreements for the UAE while Dr Sultan bin ...

Bloomberg The European Central Bank (ECB) and the lenders it oversees are running out of time in their push for rules to foster cross-border mergers. European Union regulations need to change so consolidation makes financial sense, the ECB and firms say. But their shared urgency has been stymied by politicians from Germany and smaller states who want to make sure ...