February, 2022

• 17 February

  China technology stocks outlook improves year after $1.5trn rout

  

    Bloomberg A yearlong slide in Chinese technology stocks that wiped out $1.5 trillion in market value may finally be ending as investors look beyond regulatory hurdles to focus on valuations. Just 12 months ago, a rally that pushed Hong Kong’s Hang Seng Tech Index to the highest level since a July 2020 inception started to unravel as traders raced …

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• 17 February

  Stocks mixed, havens climb on Ukraine risk

  

    Bloomberg Stocks were mixed on Thursday as traders weighed geopolitical developments and a flurry of corporate earnings. The Stoxx 600 Index was little changed, while US equity futures fall. Havens such as the yen and gold pushed higher. US 10-year Treasury yields retreated to about 2%. Crude oil declined. Russian-backed separatists claimed Ukrainian forces violated cease-fire rules overnight, according …

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• 17 February

  Oil climbs as investors track crisis in Ukraine, inventories

  

    Bloomberg Oil recovered from its biggest one-day loss this year as investors attempted to assess whether the Ukraine crisis was easing after Russia said it had pulled some troops back from the border. West Texas Intermediate rose near $93 a barrel. President Joe Biden said the US hasn’t verified the claim that Russia is pulling back some troops and …

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• 16 February

  UK’s SSE all set to earn a windfall to keep Britain’s lights on next winter

  

    Bloomberg SSE Plc is set to earn a windfall from the gas-fired power plants it will ensure are available to help keep UK lights on next winter. The utility could make as much as 172 million pounds ($233 million) in an auction that cleared at 75-70 pounds a kilowatt per year, according to calculations using National Grid Plc data. …

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• 16 February

  CGN weighing sale of $2b European renewable assets

  

    Bloomberg China General Nuclear (CGN) Power Corp is considering selling its portfolio of renewable energy assets in Europe in a deal that could fetch more than $2 billion, people with knowledge of the matter said. The Chinese firm is working with Citic Securities Co on the potential disposal of CGN Europe Energy, said the people, who asked not to …

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• 16 February

  Boeing 787 faces closer FAA scrutiny for quality checks

  

    Bloomberg Boeing Co’s 787 Dreamliner suffered a new blow as US regulators said they would step up inspections of each jet before delivery. The Federal Aviation Administration (FAA) said in an emailed statement that it is taking the action to “allow the agency to confirm the effectiveness of measures Boeing has undertaken to improve the 787 manufacturing process.” Since …

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• 16 February

  JetBlue orders 30 more Airbus A220-300 planes

  

  Bloomberg JetBlue Airways Corp is buying 30 additional Airbus SE A220-300 planes, bolstering the carrier’s fleet and allowing it to more swiftly retire older aircraft. The purchase, an exercise of prior options, brings JetBlue’s total order of the single-aisle jet to 100, the airline said in a statement. JetBlue expects its ninth A220 delivery this month, and 30 more by …

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• 16 February

  Alphabet’s Wing elevates drone technology chief to head of firm

  

    Bloomberg Alphabet Inc’s Wing unit elevated its leading technology official to head the company as it seeks to rapidly expand its drone delivery operations, including in the Dallas suburbs. Adam Woodworth, who has spent his entire career designing new-age aircraft, was named Wing LLC’s chief executive officer, the company said in an announcement. He replaces James Ryan Burgess, who …

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• 16 February

  Malaysia’s AirAsia nears flying taxi deal with lessor Avolon

  

    Bloomberg Malaysia’s AirAsia is near agreement for Vertical Aerospace Ltd flying taxis, according to people familiar with the matter, adding to a raft of carriers moving into the potential market to offer short, battery-powered flights. A deal between the airline’s owner and aircraft-leasing firm Avolon Holdings was expected to be announced on Wednesday at the Singapore Air Show, said …

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• 16 February

  Sock maker Bombas mulls initial public offering in US

    Bloomberg Bombas, a maker of socks and other apparel, is exploring a US initial public offering, according to people with knowledge of the matter. The New York-based company, a certified B Corporation, could pursue a listing as soon as this year, said one of the people, requesting anonymity discussing private talks. The firm has held discussions with potential underwriters, …

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