January, 2022

• 12 January

  Oil gains before US stockpiles data as China tackles Omicron

  

    Bloomberg Oil rises as traders looked ahead to clues on US stockpiles, while monitoring China’s efforts to contain the spread of Omicron. West Texas Intermediate added 0.9% after capping a two-day drop. The industry-funded American Petroleum Institute releases its weekly report on US inventories. Nationwide holdings have sunk for the past six weeks to the lowest since September, official …

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• 12 January

  Global GDP to rise 4.1% in 2022, says World Bank

  

    Bloomberg Covid-19 flare-ups, diminished policy support, and lingering supply-chain bottlenecks will see the global economic recovery cool more than previously estimated in 2022, after last year’s expansion clocked the fastest post-recession pace in eight decades, the World Bank said. Global gross domestic product will probably increase 4.1% this year, less than a 4.3% forecast in June, the Washington-based development …

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• 12 January

  China coal falls to lowest as Indonesia releases cargoes

  

    Bloomberg Chinese coal futures fall to the lowest level this year after Indonesia allowed some cargoes to leave ports as it considers lifting a temporary ban on exports of the fuel. Thermal coal on the Zhengzhou Commodity Exchange dropped by as much as 2.9% on Tuesday after Indonesia’s government said the previous day that it would immediately release 14 …

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• 12 January

  Airbus beats Boeing on aircraft deliveries, set to lose on orders

  

    Bloomberg Airbus SE cemented the title of world’s largest planemaker for the third straight year with 611 jetliner deliveries, though it’s on track to lose the contest with Boeing Co. over orders. The European manufacturer beat its own handover target by 11 planes, leaving its US competitor in the dust. Jefferies estimates that Boeing, which is due to report …

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• 12 January

  Graft allegation adds to Garuda Indonesia’s woes

  

    Bloomberg Indonesia’s government has filed corruption allegations against its flag carrier, adding to PT Garuda Indonesia’s woes as the airline undergoes a debt restructuring process. The Attorney General will investigate the file submitted by State-Owned Enterprises Minister Erick Thohir on Tuesday. The case is linked to Garuda’s procurement ATR 72-600 aircraft, although Thohir said there are indications of corruption …

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• 12 January

  Ikea cuts pay for unvaccinated employees ordered to isolate

  

    Bloomberg Ikea imposed a financial penalty on unvaccinated UK employees who miss work if they are ordered to self-isolate after coming into contact with someone with Covid-19. If these workers become ill with the virus themselves, however, they will still receive sick pay as normal, Ikea said in a statement to Bloomberg. The changes, which came into effect in …

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• 12 January

  Flyers snap up long-haul trips after UK eases Covid rules

  

    Bloomberg British Airways, Virgin Atlantic Airways Ltd and TUI AG reported surging interest in long-haul travel after Britain last week scaled back coronavirus testing requirements that had acted as a barrier to sales. Package-holiday giant TUI said bookings soared almost immediately on the policy change. British Airways Holidays, meanwhile, saw searches jump nearly 40% compared with the final week …

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• 12 January

  Delta hires JetBlue executive key to ‘rival’

  Bloomberg Delta Air Lines Inc. has hired a JetBlue Airways Corp. executive who played a key role in the development of an alliance with American Airlines Group Inc. that has taken aim at rivals in the northeastern US Scott Laurence will join Delta as vice president of network planning on January 18, the Atlanta-based carrier said in a statement Monday. …

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• 11 January

  Stock recovery in Europe led by tech; dollar drops

  

    Bloomberg European stocks bounced back from their biggest decline in six weeks as Treasury yields steadied a day before a key American inflation reading. Technology stocks led the advance in the Stoxx Europe 600 Index after the tech-heavy Nasdaq 100 recovered following four negative sessions. US futures edged higher. Benchmark Treasury yields stabilised near 1.75% after reaching 1.8% in …

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• 11 January

  Tokyo pushes to reform its $6.5trn stock market

  

    Bloomberg Japan’s largest exchange operator disclosed the components of three new market sections on Tuesday, but the long-awaited shake-up of the country’s sluggish stock market is attracting more skepticism than excitement. Japan Exchange Group Inc said 1,841 constituents would make up the new “Prime” section of the Tokyo Stock Exchange, which will replace the current First Section of companies …

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