October, 2022

• 19 October

  Bill Gates-led fund to make green jet fuel as cheap as fossil fuels

  

  Bloomberg The burgeoning market for sustainable jet fuel will soon reach a milestone, with a plant capable of turning out for the first time a lower-emission fuel at the same price as fossil fuel-based options. But this price parity will only come as result of a $50 million grant from Bill Gates-led Breakthrough Energy, alongside support from discounted loans and ...

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• 19 October

  Boeing offers 737 Max jets slated for Chinese customers to Air India

  

    Bloomberg Boeing Co. is offering 737 Max jets once slated for Chinese customers to Air India Ltd. as the plane-maker tries to offload some of the roughly 140 aircraft it’s currently not allowed to deliver. The Indian carrier, which is overhauling its fleet under new owner Tata group, is one of a number of potential customers for Boeing, which ...

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• 19 October

  Nestle pushes through largest price hikes in decades

  

  Bloomberg Nestle SA Chief Executive Officer (CEO) Mark Schneider said inflation will remain an issue in 2023 even after the world’s largest food maker pushes through the biggest price increases in decades this year. “This is a situation no one wished for,” CEO Mark Schneider said in an interview with Bloomberg Television. “We are seeing huge upward pressure on energy, ...

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• 19 October

  Beauty giant Natura weighs Aesop IPO

    Bloomberg Brazilian cosmetics maker Natura &Co is assessing options to unlock value at its high-end brand Aesop as the company seeks to restore investor confidence following a 76% stock plunge over the past 15 months. The shares rebounded as much as 18%. The Sao Paulo-based company will start studies for a possible initial public offering of Aesop, or a ...

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• 19 October

  HSBC misled consumers with its green posters: Watchdog

  

    Bloomberg HSBC Holdings Plc has been reprimanded by a UK watchdog for violating environmental advertising rules, after it sought to depict itself as a green bank in a set of posters. In the latest sign that regulators are growing increasingly intolerant of all manifestations of greenwashing, the Advertising Standards Authority (ASA) said it has ordered HSBC to ensure the ...

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• 19 October

  BOE to start its delayed bond sales next month

  

    Bloomberg The Bank of England (BOE) will start its delayed bond sales early next month, refocusing on the fight against record inflation after averting the threat of a market meltdown. The announcement of so-called quantitative tightening is a statement of intent from the central bank, which had been on the defensive for weeks after fallout from a government plan ...

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• 19 October

  Scotiabank sells new hybrid debt as Fed’s hikes weigh on LatAm

  

    Bloomberg Bank of Nova Scotia, the Canadian bank with the largest exposure to Latin America, sold $750 million of loss-absorbing hybrid securities amid mounting concerns about the spillover effects of US Federal Reserve rate hikes on emerging-market economies. Scotiabank priced 60-year so-called limited recourse capital notes at a yield of 8.625%, down from around 8.75% initially discussed. That’s an ...

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• 19 October

  Irish central bank eases mortgage lending rules

  

    Bloomberg Ireland will make it easier for would-be borrowers to qualify for mortgages next year as it relaxes its income-to-loan requirements in an effort to widen accessibility in the face of a shortage of supply and record prices. Prospective first-time homeowners will be able to borrow as much as four times their gross income, up from a limit of ...

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• 19 October

  Deutsche Bank set for $292m capital gain

    Bloomberg Deutsche Bank AG is set to post a capital gain of more than €300 million ($292 million) in the fourth quarter after completing the sale of its Italian financial promoters network to Zurich Insurance group AG. The German lender will book the gain as additional revenue in the final quarter of the year. Deutsche Bank said Monday that ...

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• 19 October

  Mastercard to bring crypto trading capabilities to banks

  

    Bloomberg Mastercard Inc. debuted a service that will let consumers buy and sell digital assets through their bank accounts, potentially paving the way for thousands of finance firms to offer crypto trading for the first time. The product, called Crypto Source, will start in the US, Israel and Brazil early next year through a pilot program, Ajay Bhalla, Mastercard’s ...

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