June, 2022

• 1 June

  Bonds drop, stocks slide as inflation fears mount

  

    Bloomberg Stocks and US equity futures dropped, while bonds fell Tuesday as euro-zone inflation accelerated to a fresh all-time high, intensifying the debate at the European Central Bank (ECB) about how rapidly to raise interest rates. S&P 500 and Nasdaq 100 contracts slipped at least 0.3%. Europe’s Stoxx 600 Index was set to snap four days of gains, retreating from …

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• 1 June

  Global investors ease back into China’s stock market on policy bets

  

    Bloomberg Global investors returned in earnest to China’s stock markets in May, erasing much of the year’s earlier outflows, as investors bet that policy support and the emergence of key cities from Covid-lockdowns will spark a revival. They added 16.9 billion yuan ($2.5 billion) of Shanghai and Shenzhen shares via trading links this month, narrowing year-to-date outflows to just …

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May, 2022

• 31 May

  Sun-starved Sweden turns to solar to fill power void

  

    Bloomberg Sweden, known for its long dark winters with barely any daylight, is seeing a solar power boom. Harnessing whatever sunshine the country gets is emerging as the quickest solution to fill part of the void left by two closed nuclear reactors in southern Sweden, where the biggest cities and industries are located. With shortages piling up in the …

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• 31 May

  Surge of holidaymakers adds to Britain’s travel hubs stress

  

    Bloomberg Britain’s airports, airlines and ports face their most frenetic weekend for years as a surge of vacation-bound passengers puts further stress on travel hubs already hobbled by a staffing shortfall and other issues. London’s Gatwick airport said it was set to be its busiest day since the start of the coronavirus pandemic, surpassing April’s Easter rush, with more …

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• 31 May

  Amazon investors approve pay plans for its executives

  

  Bloomberg Amazon.com Inc shareholders delivered a rebuke to the company over the pay for Chief Executive Officer Andy Jassy and other top executives, with an unusually close vote in the symbolic measure to ratify compensation packages for the company’s leaders. Vote totals disclosed in a filing show 56% of shareholders supported the company’s executive pay for 2021, which included $350 …

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• 31 May

  Walmart, Gap, others amass $45b in extra inventory to sell

  

  Bloomberg Big retailers rushed to build up inventories last year amid soaring consumer demand and transportation bottlenecks — going so far in some cases as to rent their own cargo ships. Now, they’re trying to figure out how to sell all their stuff. Inventories rose $44.8 billion for companies on S&P consumer indexes with a market value of at least …

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• 31 May

  Ted Baker rises after report of Authentic Brands takeover talks

    Bloomberg Ted Baker Plc gained on a report that Authentic Brands Group Inc is in talks with the UK fashion chain over a takeover bid worth about 300 million pounds ($379 million). Authentic Brands has indicated it’s willing to pay more than 150 pence per share for Ted Baker, Sky News reported, citing a person familiar with the situation. …

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• 31 May

  Norwegian Air to buy 50 737 Max jets

  

    Bloomberg Norwegian Air Shuttle ASA reached an agreement in principle with Boeing Co for the purchase of 50 737 Max jets, to be delivered when the carrier’s existing leases end. The airline will take delivery of the planes between 2025 and 2028, according to a stock exchange filing. Norwegian expects to finalise the order, which also includes options for …

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• 31 May

  Aviation jobs up for grabs as Singapore races to recruit

  

    Bloomberg As border curbs and mandatory quarantines fall away, a fresh challenge is emerging for global aviation — rehiring staff fast enough to cope with a rebound in air travel that is already straining the industry. Singapore, which has flung open its borders again, is hosting a two-day job fair targeting everyone from graduates to mid-career professionals and former …

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• 31 May

  China opens exchange bond markets to foreign investors

  

    Bloomberg China will allow foreign institutional investors to trade bonds on its smaller exchange market in its latest step to attract more capital inflows by opening its financial markets, after a record selloff of Chinese holdings by foreign investors. Qualified foreign institutional investors, which can include central banks, sovereign funds, commercial banks and pension funds, will be allowed to …

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