November, 2021

• 17 November

  Bank of England boss says he’s ‘very uneasy’ about surging inflation

  

  Bloomberg Bank of England (BOE) Governor Andrew Bailey told UK lawmakers he is “very uneasy about the inflation situation” amid mounting evidence that a shortage of workers will drive up wages. Bailey told the House of Commons Treasury Committee that the labour market is looking “tight” but that he wanted to see what happened after the furlough program ended before voting ...

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• 17 November

  RBA’s Lowe softens rate outlook, acknowledges faster inflation

  

  Bloomberg Australia’s central bank chief Philip Lowe opened the door to an interest-rate increase before 2024 as policy makers acknowledged quicker consumer-price gains last quarter had altered the inflation picture. Lowe said in a speech Tuesday that a rate hike in 2024 was “still plausible,” while adding that a quicker return to the bank’s inflation target could make the case ...

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• 17 November

  BOE’s Haskel signals caution in debate on raising UK rates

  

  Bloomberg Bank of England (BOE) policy maker Jonathan Haskel injected a note of caution into the debate about whether to raise interest rates in the UK. Speaking at a Resolution Foundation event, Haskel said the economy was “firing on two cylinders” and that it’s “too early to declare success” in getting those on furlough back into work. While Haskel said he ...

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• 17 November

  Afghanistan to sell $10mn as currency falls

  

  Bloomberg Da Afghanistan Bank, the country’s central bank, is selling $10 million dollars to support the currency which has been tumbling to record lows, the first such auction under the new Taliban regime. The central bank, in a statement, said qualified banks and currency exchangers can participate in the bidding, without providing any details on when the results of the ...

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• 17 November

  Ex-US Bancorp employee alleges racist lending practices

  

  Bloomberg A Black loan underwriter who said he was fired due to racism alleges that US Bancorp engaged in redlining — discriminating against people of colour when lending. John Span also claims in a lawsuit that he endured a “toxic and racially hostile work environment” during his time in the firm’s indirect auto-lending group. In the complaint, filed in Illinois ...

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• 17 November

  Asian stocks steady; yuan gains on Biden-Xi meeting

  

  Bloomberg Asian stocks were steady Tuesday and the yuan climbed as traders weighed the outcome of the first face-to-face virtual summit between US President Joe Biden and Chinese leader Xi Jinping. Treasury yields dipped. MSCI Inc’s Asia-Pacific share gauge posted a modest advance, while US and European equity futures fluctuated after the S&P 500 and Nasdaq 100 ended flat. Hong ...

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• 17 November

  Temasek sells off Chinese tech stocks

  

  Bloomberg Singapore’s state-owned investor Temasek Holdings Pte sold shares of US-listed Chinese technology companies from Alibaba Group Holding Ltd and Didi Global Inc to online education providers amid regulatory crackdowns. Temasek cut 16% of its stake in e-commerce giant Alibaba and 11% of its shares in ride-hailing service Didi, according to a 13F filing for the three months ended September ...

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• 16 November

  G42 partners with GMIS to explore AI

  DUBAI / WAM The Global Manufacturing and Industrialisation Summit (GMIS) and G42 have announced a partnership to explore the latest trends and opportunities in artificial intelligence (AI), advanced analytics and cloud computing to accelerate the digitisation of manufacturing processes and drive supply chain improvements. Through this partnership, GMIS and G42 will promote the adoption of disruptive technologies to solve some ...

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• 16 November

  Airbus gets mega-order for 255 jets led by Wizz, Frontier

  

  Bloomberg Airbus SE notched a mega-order for 255 narrow-body jets at the Dubai Airshow, bolstering the European planemaker’s case that aircraft demand has started to roar back from the lows of the coronavirus pandemic. The deal for Airbus’s larger A321 model is valued at more than $30 billion before typical industry discounts. It will be parceled out among Wizz Air ...

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• 16 November

  FlyDubai in early talks about its next jet order

  

  Bloomberg FlyDubai, the low-cost sister company of giant long-haul airline Emirates, said it’s in early talks with both Boeing Co and Airbus SE about its next jetliner order after previously being a loyal customer of the US company. While FlyDubai is an all-Boeing operator, it scrapped 65 orders for the 737 Max model after deliveries were halted following two fatal ...

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