November, 2022

• 14 November

  Thai Airways scraps plan to sell old jets on strong demand

  

    Bloomberg Thai Airways International PCL is bringing back almost half a dozen aircraft originally put up for sale in an effort to revive flights more quickly amid buoyant demand. The global air travel recovery from Covid has put a squeeze on newer planes that are available on the open market, Chairman Piyasvasti Amranand said in an interview at the ...

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• 14 November

  Frasers in talks to acquire UK tailor Gieves & Hawkes

  Bloomberg Mike Ashley’s Frasers Group Plc is in talks to buy Savile Row tailor Gieves & Hawkes, according to a person familiar with the matter. Gieves & Hawkes was put up for sale in July after its owner, Hong Kong-listed Trinity Ltd., entered liquidation last year. A deal would add one of the best-known names in British tailoring to Frasers’ ...

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• 14 November

  Blue Apron sinks on plan to sell $30m shares

    Bloomberg Blue Apron Inc fell to a fresh low after the ailing meal-kit delivery platform said it may offer up to $30 million in new shares. The at-the-market offering would further erode the value of existing shares, which have lost more than 80% of their value this year. The stock falls 33% to $1.17. Blue Apron said its filing ...

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• 14 November

  Biden, Xi chart path to warmer ties with Blinken China visit

  

    Bloomberg Joe Biden and Xi Jinping agreed to a series of goodwill gestures intended to improve ties between their countries after the first in-person meeting between the leaders of the US and China since the pandemic began. The two men met for about three hours on the sidelines of the Group of 20 summit in Bali, Indonesia, greeting each ...

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• 14 November

  Ex-PM Khan seeks balanced Pakistan ties with US, China

  

    Bloomberg Pakistan’s former prime minister Imran Khan said he wants to have good relations with the US, a country that he’s blamed for months of colluding with his successor to oust him from office in April. “We want good relations with China, Russia and the US,” Khan told his supporters in a video-taped address as they marched to the ...

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• 14 November

  ECB seen getting $909.5 billon cheap-loan repayments in ’22

  

  Bloomberg The European Central Bank (ECB) will probably receive several hundreds of billions of euros in early repayments of long-term loans this year after officials toughened the terms of the program to aid their fight against inflation. Estimates vary widely on how much of the €2.1 trillion ($2.2 trillion) in outstanding cash will be returned this month, the first available ...

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• 14 November

  Japan’s megabanks plan $2.5 billion in buybacks

  

  Bloomberg Japan’s biggest banks announced plans to boost shareholder returns, including buybacks of as much as $2.5 billion as global rates hikes spurred an increase in income from loans that helped earnings beat analyst estimates. Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. both said they will buy back shares while Mizuho Financial Group Inc. upped a ...

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• 14 November

  HSBC opens new Singapore office

  

  Bloomberg HSBC Holdings Plc has big plans to ramp up in Singapore to build up international corporate and wealth banking as it expands its Asia footprint outside its regional hub in Hong Kong. As he opened a new Singapore headquarters on the top floors of 50-story Marina Bay Financial Centre Tower 2, Chief Executive Officer Noel Quinn said the city ...

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• 14 November

  ‘Credit Suisse won’t be profitable before 2025’

  

    Bloomberg Credit Suisse Group AG investors should brace for billions of dollars in losses before the troubled Swiss lender’s sweeping restructuring plan eventually leads to modest profitability in 2025 — and that’s only if it can overcome steep risks, according to Moody’s Corp. The ratings agency said that the Swiss bank’s plan entails elevated restructuring and remediation costs, as ...

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• 14 November

  Deutsche Bank staff to get extra $1,500 for inflation

    Bloomberg Deutsche Bank AG agreed to pay employees in Germany an extra €1,500 ($1,500) this year to help them deal with the current high inflation. The payment will be made on top of December wages and apply to staff covered by collective wage agreements in the country, according to a memo seen by Bloomberg News and confirmed by spokesman. ...

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