February, 2022

• 9 February

  Pilots made to wear trackers as Hong Kong boosts Covid rules

  

    Bloomberg Hong Kong is further tightening quarantine rules for airline staff, with cargo pilots isolating at home to be tracked with electronic monitoring bracelets and crew on passenger planes who have been in countries with high levels of the virus made to quarantine for 14 days. The updated rules, set out in a document seen by Bloomberg News, was ...

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• 9 February

  China state funds’ support gives hope for wounded stock market

  

    Bloomberg Chinese state-backed funds’ intervention in domestic stock markets is rekindling hope that a bottom is near for the nation’s battered equities. The CSI 300 Index ended down just 0.6% at the close, paring an earlier slump of 2.4%, which was its biggest intraday drop since August. State-related funds entered the market to buy local shares in the afternoon ...

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• 9 February

  Stocks, US futures rise as bond selloff abates

  

    Bloomberg Stocks and the US index futures rise on Wednesday and a selloff in sovereign bonds paused, bringing some relief for markets whipsawed in recent weeks by concerns about tightening monetary policy. The Stoxx Europe 600 index rises more than 1% as technology shares bounced back and a raft of generally positive earnings reports lifted sentiment. Adyen NV jumped ...

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• 9 February

  European electricity prices soar as France cuts nuclear forecast

  

    Bloomberg European electricity prices jumped after the region’s biggest producer cut its nuclear output target for a second time in a month, the latest sign that this winter’s energy crisis is far from over. Electricite de France SA said its nuclear production could fall this year to levels not seen since 1990, and Morgan Stanley says there’s a “meaningful ...

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• 9 February

  FAA proposes shielding Boeing employees overseeing safety

  

    Bloomberg Regulators are taking steps to shield US aviation-industry engineers from the kind of company pressure that was revealed in investigations of the design flaw on the Boeing Co. 737 Max linked to two fatal crashes. The Federal Aviation Administration on Monday proposed new policies that would shield employees at Boeing and other planemakers who act on behalf of ...

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• 9 February

  Rolls-Royce to hire 150 in Singapore

  

    Bloomberg Rolls-Royce Holdings Plc plans to hire around 150 people across its network of partners in Singapore as airlines start to bring back planes that were grounded during the pandemic and international travel picks up. London-headquartered Rolls-Royce expects about 80% of the planned expanded head count for this year will be for maintenance, repair and operations (MRO) ventures, Bicky ...

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• 8 February

  New gauge shows US store stocks fall

  

    Bloomberg US store shelves got a little emptier in the last three months of 2021, according to data provider NielsenIQ, which is unveiling a barometer of out-of-stock goods amid ongoing supply constraints. On-shelf availability slipped to 93.5% during the 13 weeks ending December 25 at supermarkets, mass retailers, drug stores and dollar stores, NielsenIQ said. That was a percentage ...

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• 8 February

  Airbus, Quebec set to invest $1.2bn in A220 jet program

    Bloomberg Airbus SE and the government of Quebec agreed on a $1.2 billion investment that allows the Canadian province to remain an owner of the A220 jet program for four additional years. The French plane maker committed to investing $900 million in the loss-making program while Quebec will put up $300 million, according to a statement. Under the deal, ...

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• 8 February

  BNP’s payout pledge falls flat with investors as costs jump

  

    Bloomberg BNP Paribas SA’s joined European peers in pledging higher profitability and bigger shareholder returns, while struggling to contain a surge in costs that’s plaguing the industry. The Paris-based bank on Tuesday set a target for a return on tangible equity — a key measure of profitability — of more than 11% in four years’ time and vowed to ...

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• 8 February

  Barclays to take on Credit Suisse wealth clients across Africa

  

    Bloomberg Credit Suisse Group AG will refer its private banking clients to Barclays Plc in nine African markets as the Swiss lender exits most of the sub-Saharan region. “Credit Suisse has signed a private banking client referral agreement with Barclays as part of the plan to exit nine non-core wealth management markets primarily in Sub-Saharan Africa, excluding South Africa,” ...

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