November, 2022

• 29 November

  British Airways all set to double flights at Gatwick

  

    Bloomberg British Airways PLC plans to double its operations at Gatwick Airport, rather than expand at Heathrow Airport Ltd, the Sunday Telegraph reported. The flag carrier intends to potentially double the number of aircraft based at the Sussex airport, going to between 24 and 28 planes from 14 currently, the paper said. The move comes after Heathrow was forced ...

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• 29 November

  IndiGo plans to wet lease Boeing wide-body jets to meet demand

  

    Bloomberg IndiGo is planning to fly another airline’s Boeing Co larger jets as it tries to plug capacity gaps amid a surge in travel demand. India’s biggest airline said in a statement on Monday that it is working on finalising a contract for inducting Boeing 777 aircraft on a so-called wet lease basis for the winter schedule. Wet leasing ...

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• 29 November

  Australia retail sales fall for first time in 2022 as rates bite

  

    Bloomberg Australian retail sales declined for the first time this year in October, suggesting that households are finally beginning to feel the strain of faster inflation and rising interest rates. Sales dropped 0.2% from September, confounding economists’ estimates for a 0.5% gain, Australian Bureau of Statistics (ABS) data showed on Monday. No one predicted a decline, with Commonwealth Bank ...

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• 29 November

  EasyJet, Rolls-Royce test engine on hydrogen

    Bloomberg EasyJet Plc and Rolls-Royce Holdings Plc said they successfully tested a converted jet engine running on hydrogen for the first time, as the aviation industry takes steps to move to alternative fuels and reduce green-house emissions. The test was conducted with a converted Rolls-Royce AE 2100-A regional jet engine using hydrogen created by wind and tidal power, EasyJet said. ...

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• 29 November

  Korea banks add $3.7 billion to market aid fund to ease strains

  

    Bloomberg South Korea is continuing with efforts to ease strains in its credit market, with local financial firms making a second round of contribution to a key bond stabilisation fund redeployed in October. The companies will inject an additional 5 trillion won ($3.7 billion) into the fund between December and January, according to the Finance Ministry. The Bank of ...

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• 29 November

  RBNZ surprised by persistent inflation, says assistant governor

  

    Bloomberg New Zealand’s central bank has been surprised by the strength of inflation, which has boosted price expectations and required a more aggressive interest-rate response, Assistant Governor Karen Silk said. “What we have seen is actual inflation continue to surprise on the upside, but more importantly inflation expectations have moved higher as well,” Silk said in an interview with ...

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• 29 November

  Deutsche Bank hunts for more Asia deals

  

    Bloomberg Deutsche Bank AG sees room to expand its deals business in Asia and is looking to hire selectively even as some rivals turn wary amid a sharp slowdown in China. “As different industry players continue to be increasingly cautious, we do see opportunity to strategically grow our market share in some areas where it makes sense,” Amit Khattar, ...

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• 29 November

  RBA’s Lowe sees better chance of Australia ‘soft landing’

  

    Bloomberg Australia has a stronger probability of bringing its economy in for a “soft landing” than almost any other developed-world counterpart, Reserve Bank Governor Philip Lowe said, citing the nation’s still-contained wage growth. “It’s not guaranteed but where I sit today I think we have a better chance than most other countries of pulling it off,” Lowe told a ...

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• 29 November

  Malaysia’s ringgit rises to three-month high

    Bloomberg The ringgit jumped, making the currency the best performer in Asia, following the appointment of Anwar Ibrahim as Malaysia’s new prime minister. The ringgit rose by as much as 0.9% against the dollar to 4.4542, its strongest level since mid-August. The currency had surged by 1.8% after Anwar’s appointment on Thursday, the largest single-day gain since March 2016. ...

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• 29 November

  Credit Suisse falls to a fresh record low

    Bloomberg Credit Suisse Group AG falls to a fresh record low as investors weighed the impact of the massive outflows the bank reported this week and news that rivals in the key growth market of Asia are benefiting from the Swiss firm’s troubles. Shares of the lender declined as much as 5% in Zurich after Vontobel cut its price ...

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