October, 2022

• 11 October

  Airbus delivers 55 jets in September, still short of 2022 goal

  

  Bloomberg Airbus SE jetliner handovers increased in September, while remaining short of the monthly average needed to reach an already downgraded year-end goal. The planemaker delivered 55 aircraft, up from 39 in August, it said, confirming a Bloomberg report. That takes net tally to 435, meaning it must ship an average 88 per month to hit the annual target of …

  Read More »
• 11 October

  Boeing tanker’s camera repair to take another 19 months: Air Force

  

    Bloomberg The US Air Force said it will take an additional 19 months for Boeing Co. to start installing an improved version of the flawed camera-based refuelling system on its KC-46 refuelling planes, according to the service. “After thoroughly evaluating all the data and assumptions that went in to the current schedule” the Air Force and Boeing determined that …

  Read More »
• 11 October

  Adidas falls after review of Kanye West Yeezy partnership

  

    Bloomberg Adidas AG put its relationship with Kanye West under review amid growing acrimony between the designer and his closest corporate partner, sending shares of the German sports company lower. Adidas said it was reviewing the troubled Yeezy partnership after trying repeatedly to resolve the situation privately. West, who now goes by Ye, responded on Instagram by cursing at …

  Read More »
• 11 October

  Heathrow airport warns on demand outlook for travel

    Bloomberg London’s Heathrow airport said growing economic headwinds and the escalating war in Ukraine have made the outlook for travel uncertain this winter. The hub still expects peak days through the Christmas holidays to be very busy and will focus on ramping capacity back up to pre-pandemic levels, it said in a statement on Tuesday. Heathrow had close to …

  Read More »
• 11 October

  Norse plans to rent out a third of its fleet

    Bloomberg Startup airline Norse Atlantic ASA plans to rent out a third of its fleet next summer amid concern that a weaker economic environment will weigh on demand in the trans-Atlantic markets it’s targeting. Norse, which agreed to take 15 Boeing Co. 787 jets from leasing firms with the aim of building up US flights from London Gatwick, has …

  Read More »
• 11 October

  HSBC looks to deals, disposals as part of fight against breakup

  

  Bloomberg HSBC Holdings Plc has spent the past six months fighting calls from its largest shareholder to split up. That isn’t stopping the bank ramping up its own deal-making program. The London-based lender expects to increase the amount of acquisitions it makes in the coming years, a person familiar with the company’s thinking said. Further disposals are also expected but …

  Read More »
• 11 October

  BOK set to resume outsized rate hikes to keep pace with Fed

  

    Bloomberg The Bank of Korea (BOK) is set to pivot back to an outsized interest-rate increase as it seeks to keep pace with the Federal Reserve and rein in inflationary pressures exacerbated by a weaker currency. The central bank will raise its key rate by a larger-than-regular 50 basis points to 3% at Wednesday’s meeting despite having dialled back …

  Read More »
• 11 October

  Central banks moved too slowly on inflation, says SNB’s Jordan

  

  Bloomberg The world’s top central banks reacted too slowly to accelerating prices, according Swiss National Bank President Thomas Jordan. “Inflation has been underestimated globally,” Jordan said in Zurich, adding that leading rate setters “very likely waited too long” combating it. “But you have to say: Uncertainty was exceptionally high in this situation — and stays high,” he said. “Central banks …

  Read More »
• 11 October

  Pakistan keeps key interest rate steady

    Bloomberg Pakistan’s central bank kept its benchmark interest rate unchanged for a second consecutive meeting to support an economy staring at crises worsened by deadly floods. The State Bank of Pakistan maintained the target rate at 15% , as forecast by 40 of 43 economists surveyed by Bloomberg. Three expected a cut ranging between 25-50 basis points. The decision …

  Read More »
• 11 October

  Chipmaker rout engulfs TSMC, Samsung with $240b wiped out

  

    Bloomberg Asia’s top chip stocks tumbled on Tuesday, ensnared in an escalating US-China tech race that has erased more than $240 billion from the sector’s global market value. Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, plunged a record 8.3% while Samsung Electronics Co. and Tokyo Electron Ltd. also declined. The selloff spread to the foreign-exchange market …

  Read More »