September, 2022

• 13 September

  Dollar dive fuels debate if currency’s rally coming to end

  

  Bloomberg The dollar’s pullback in recent days is prompting speculation about whether the currency’s relentless march higher is coming to an end. There is nonetheless a reluctance to write it off just yet. After surging by more than 10% this year, the Bloomberg dollar index has tumbled close to 2% from the all-time peak it hit even as expectations for ...

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• 13 September

  Air India to add 25 Airbus, five Boeing jets in revamp

  

  Bloomberg Air India Ltd will induct 30 leased aircraft from Airbus SE and Boeing Co into its fleet starting December as its new owner Tata Sons Pvt. prepares to rebuild the former state-run airline. The carrier will add 21 A320neo jets in the second half of 2023 and four A321neo aircraft in the first quarter of calendar 2023, according to ...

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• 13 September

  US companies step up fall travel: TripActions

  

  Bloomberg US companies are overlooking uncertainty about the economy and booking fall trips at nearly six times last year’s rate after a flat summer for business travel, according to a report. While demand is climbing, average booked fares were down 23% to $419 in August from $543 in mid-May, travel manager TripActions said in the report. That was about $10 ...

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• 13 September

  Kroger boosts profit forecast on robust grocery demand

  

  Bloomberg Kroger Co exceeded Wall Street’s earnings estimates and raised its annual forecast, citing strong demand for food prepared at home and a shift toward private-label goods. Adjusted earnings in the current fiscal year will range as high as $4.05 a share, up from the previous forecast of no more than $3.95, Kroger said in a statement. The profit measure ...

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• 13 September

  India retail inflation rises 7% in Aug on food prices

    Bloomberg India’s retail inflation accelerated in August after easing for three months, posing a fresh challenge to the central bank’s efforts to cool prices. Consumer prices rose 7% last month from a year earlier, data released by the Statistics Ministry showed. That’s faster than an estimate of a 6.90% gain in a Bloomberg survey of economists and compares with ...

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• 13 September

  Euro climbs most since March as ECB helps cool dollar fever

  

    Bloomberg The euro surged the most in six months against the dollar as European Central Bank (ECB) policy makers underlined the need for further interest-rate hikes and as an anticipated slowdown in US inflation cooled the rampant demand for greenbacks. The common currency rose as much as 1.6% to $1.0198, its biggest increase since March, lent support by more ...

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• 13 September

  UK stimulus set to boost lenders: Deutsche Bank

  

  Bloomberg The “extraordinarily loose” fiscal policy announced by UK Prime Minister Liz Truss is set to benefit UK banking stocks, analysts at Deutsche Bank said. The package aimed at combating rising household energy costs will probably prevent a short-term collapse in the economy, and at the same time encourage further interest-rate rises from the Bank of England — adding to ...

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• 13 September

  Yen rebounds as BOJ’s Kuroda uses talk to signal frustration

  

  Bloomberg The yen rebounded as traders mulled comments from Bank of Japan Governor Haruhiko Kuroda on the currency’s decline amid a broad dollar selloff. The dollar-yen pair fell 1.3% to around the 142.20 level, after climbing for four straight sessions. Kuroda held a meeting with Prime Minister Fumio Kishida in a sign of the nation’s heightened alert levels. “Sudden moves ...

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• 13 September

  Australia to end outsized rate hikes, say economists

  

    Bloomberg Australia’s central bank will dial back the pace of policy tightening to quarter percentage-point moves from next month as it tries to navigate a path to cooling inflation while maintaining economic growth. Three-quarters of economists surveyed by Bloomberg expect the cash rate will rise to 2.6% from 2.35% at the Reserve Bank’s October 4 meeting. The poll was ...

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• 13 September

  Singapore’s prominent family scions make digital assets push

    Bloomberg Scions from two of Singapore’s most prominent families are boosting their involvement in digital assets. Whampoa Group, a multi-family office anchored by principals from the Lee family that founded Oversea-Chinese Banking Corp. and Amy Lee, the niece of the city-state’s founding prime minister, wants to spin out its asset-management business for digital investments. Family offices tend to be ...

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