April, 2022

• 8 April

  Austin airport’s low fuel issue is Texas capital’s growing pain

  

    Bloomberg The Austin airport doesn’t have enough fuel for its flights, but plans to build new storage tanks are running into stiff opposition from neighbours in Texas’s booming capital. For homeowners trying to preserve Austin in the face of exploding growth, the airport fight is the latest in a series of squabbles over the fate of the city. A …

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• 8 April

  Thailand eases testing rules for visitors to boost tourism

  Bloomberg Thailand plans to scrap a mandatory polymerase chain reaction test on arrival for foreign visitors from next month as the Southeast Asian nation steps up efforts to attract more tourists amid a rebound in global travel. The RT-PCR tests will be replaced with antigen tests at the airports, Deputy Health Minister Satit Pitutecha told reporters in Bangkok after a …

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• 8 April

  Nestle defends itself over ‘Russia presence’

    Bloomberg Nestle SA said access to food is a basic right and a key value for the world’s largest food company following criticism the Swiss firm didn’t scale down its Russian activities quickly enough after the war in Ukraine started. After pressure built up, Nestle said it suspended the vast majority of manufacturing in Russia while maintaining the sale …

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• 8 April

  India’s RBI signals policy shift with focus on liquidity, prices

  

    Bloomberg India’s central bank signalled a shift in policy focus as it ramped up efforts to mop up excess liquidity in the banking system and raised its inflation forecasts, sending bond yields higher. While the Reserve Bank of India’s (RBI) rate-setting panel decided to hold rates and keep its accommodative stance, it also voted unanimously to focus on “withdrawal …

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• 8 April

  BNP reaches work from home deal with 132,000 employees

  

    Bloomberg BNP Paribas SA reached one of the most comprehensive work-from-home deals among major banks, with more than 132,000 employees given the option of doing their jobs from home for up to half the week. Staff in 22 countries across Europe can decide to work from home every week for as much as 2.5 days or to adopt a …

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• 8 April

  Credit Agricole takes 9.2% stake in Italy’s Banco BPM

  

    Bloomberg Credit Agricole SA acquired a minority stake in Italy’s Banco BPM SpA, in a deal that may spark speculation it is aiming for a full takeover. The French bank said it has built a 9.18% holding in Banco BPM. It’s not applied for authorization from regulators to increase its holding above 10%, according to a statement. Consolidation of …

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• 8 April

  A $430 billion habit got Japan’s central bank hooked on ETFs

  

  Bloomberg In most of the world, exchange-traded funds (ETFs) are simply tools that allow investors to track a certain set of stocks. In Japan, they’ve been saddled with everything from propping up the market and boosting inflation, to accelerating economic growth, improving corporate governance and even encouraging gender equality. Such wide-ranging goals have led the Japanese central bank to amass …

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• 8 April

  European stocks bounce back; dollar extends rally

  

    Bloomberg Stocks are ending the week on a positive note, with European equities snapping two days of declines sparked by the Federal Reserve’s plan for aggressive monetary-policy tightening. The Stoxx Europe 600 index climbed more than 1%, with all industry sectors in the green and energy and basic resources leading the advance. Swedish truck maker Volvo AB declined after …

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• 7 April

  India’s Jet Air coming back with no frills, hybrid model

  

    Bloomberg Jet Airways India Ltd, which is undergoing a court-monitored restructuring, plans to return with a hybrid of premium and no-frills services that would allow the former top local airline to claw back market share while managing costs in the fiercely competitive Indian aviation market. The bankrupt airline, now helmed by a new set of owners, will have a …

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• 7 April

  Boeing Max 10 faces delay from lawmaker’s stance

  

    Bloomberg A key lawmaker said that he opposes giving Boeing Co more time to certify its Max 10, signalling potential and costly delays for the planemaker’s next model of the 737. Representative Peter DeFazio, the Oregon Democrat who leads the House Transportation and Infrastructure Committee, said in an opening statement at a hearing that he would oppose Congress extending …

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