January, 2022

• 20 January

  SoftBank group prices its biggest-ever yen bond worth $4.8bn

  

    Bloomberg SoftBank Group Corp. priced its biggest-ever yen bond on Thursday, using its popularity with retail investors to raise 550 billion yen ($4.8 billion) to pay off other debt. Billionaire Masayoshi Son’s technology conglomerate, which made headlines last year due to losses on Chinese ride-hailing giant Didi Global Inc., has been the single-biggest issuer in the Japanese corporate bond …

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• 20 January

  IEA sees tighter oil market as demand withstands Omicron

  

    Bloomberg Global oil markets look tighter than previously thought as demand suffers surprisingly little impact from the latest coronavirus strain while supplies are curbed by disruptions, the International Energy Agency (IEA) said. The surplus facing world markets this year is shrinking, with oil demand — slightly upgraded from last month — on track to hit pre-pandemic levels of 99.7 …

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• 20 January

  5G rollout disrupts flights into US from across world

  

    Bloomberg Airlines around the world are adjusting their schedules and aircraft deployments for flights to the US over fears that a 5G rollout by AT&T Inc. and Verizon Communications Inc. near American airports could interfere with key safety systems. Dubai’s Emirates said it will suspend flights to several US cities, including Chicago, Newark and San Francisco, while Japan Airlines …

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• 20 January

  Airbus gears up for growth with plans to add 6,000 staff

  

    Bloomberg Airbus SE plans to hire 6,000 new staff in the first part of the year, going some way toward restoring the European planemaker’s workforce following deep cuts during the Covid-19 pandemic. The manufacturer will add positions worldwide and across its aerospace, helicopter and defense & space units, according to a statement on Wednesday. The firm will reassess further …

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• 20 January

  Burberry sees 35% operating profit surge as sales accelerate

  

    Bloomberg Burberry Group Plc said sales accelerated and operating profit will probably surge about 35% this year as the British maker of trench coats and other luxury fashions sells more products at full prices. The company issued the earnings forecast as it reported better-than-expected revenue for the last three months of the year. Comparable store sales grew 7% in …

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• 20 January

  Garuda Indonesia restructuring faces delays

  

    Bloomberg Struggling airline PT Garuda Indonesia is facing a delay to its restructuring after creditors cited Covid-19 flare ups in seeking an extension to debt proceedings in the Southeast Asian country. Creditors of the flag carrier, which has seen business suffer due to the pandemic, have requested extensions ranging from 45 to 60 days, according to Jandri Siadari, a …

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• 20 January

  Retailers ask US regulators to examine Visa, Mastercard fees

    Bloomberg A coalition of trade associations representing some of the world’s largest retailers called on US antitrust regulators to examine the fees charged by credit-card companies after Amazon.com Inc threatened to ban Visa Inc cards in the UK. The group said it was concerned about the “excessively high” fees Visa and rival Mastercard Inc. charge retailers. Amazon this week …

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• 20 January

  Fruit, veggie outages in Canada get worse with trucker shortages

  

    Bloomberg Canadian border agents began refusing entry to unvaccinated American truckers just days ago, and it’s already causing chaos— particularly in fruit and vegetable markets. A mandate starting January 15 requires truck drivers crossing into Canada to be vaccinated. However, only about half of American truck drivers have gotten their shots. Meanwhile, as much as 90% of Canada’s fruits …

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• 19 January

  NYC property values to rise 8.2% as homebuyers return

  

    Bloomberg New York City is factoring in an 8.2% increase in property values for next fiscal year, bolstered by demand for single-family homes, co-ops and condos. The city set a value of about $1.4 trillion for its more than one million properties for the fiscal year beginning in July, according to a tentative assessment roll released by the Department …

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• 19 January

  Tech, banking names in hottest India stock picks for this year

  

    Bloomberg The sustained boom in global tech spending, a revival of local housing demand and a rebound in bank earnings are expected to be among the key drivers of gains for India’s stock market this year. Analysts remain bullish, projecting a rise of about 15% for the NSE Nifty 50 Index over the next 12 months, according to sell-side …

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