November, 2021

• 11 November

  British Airways plans Gatwick relaunch post union deal in ’22

  

  Bloomberg British Airways (BA) is set to operate a new unit offering European flights from London Gatwick airport in March following a deal with cabin crew. The breakthrough in talks with flight attendants comes after an earlier deal with pilots and leaves only terms with ground staff to be settled, Luis Gallego, chief executive officer of BA parent IAG SA, …

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• 11 November

  Indian beauty site soars 89% in trading after IPO

  

  Bloomberg FSN E-Commerce Ventures Ltd, the entity that operates the Indian beauty startup Nykaa, rose as much as 89% on debut, even as the broader equity market dipped. The Mumbai-based firm was trading at 2,063 rupees ($28) as of 10:13 am in Mumbai on Wednesday, after pricing its initial public offering at 1,125 rupees per share, the top of a …

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• 11 November

  Sydney Airport sells for $17b as Australia reopens borders

  Bloomberg Sydney Airport agreed to sell itself to a consortium of funds for $17 billion, just as Australia reopens its borders to international travel. The airport’s board accepted an offer of A$8.75 per share from a group led by IFM Investors, and unanimously recommended shareholders vote to approve the deal early next year, the company said. The agreement is the …

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• 11 November

  China banks on green loans to drive decarbonisation efforts

  

  Bloomberg China’s central bank will offer cheap funding to banks which lend to firms that are working towards the nation’s goal of reducing carbon emissions. The People’s Bank of China (PBOC) will lend financial institutions money to help them provide loans to firms working on China’s energy transition, according to a statement. The central bank will lend 60% of the …

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• 11 November

  Citi raises record $40bn for ESG financing in Asia

  

  Bloomberg Citigroup Inc. raised a record $40 billion for Asia-Pacific clients to finance sustainability projects this year, a six-fold increase from 2020 as the US lender strives to meet its global targets and help firms lower emissions. Issuers in the region are taking advantage of cheaper financing by issuing green bonds, tapping increased demand for these products as environmental, social …

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• 11 November

  Credit Agricole third-quarter profit jumps 44% to $1.62bn

  

  Bloomberg Credit Agricole SA’s third-quarter profit jumped 44%, beating analysts’ estimates as provisions for bad loans declined. Net income at the Paris-based bank increased to 1.4 billion euros ($1.62 billion), according to a statement on Wednesday, exceeding the most optimistic estimate among analysts surveyed by Bloomberg. Provisions dropped 56% to 266 million euros, compared with 460.5 million euros expected in …

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• 11 November

  Singapore examines central bank digital dollar for retail

  

  Bloomberg Singapore’s central bank is starting a project on the technological aspects of building a digital form of its currency to prepare for the days if the city-state decides to have one, its chief said. While acknowledging potential benefits of having its own digital currency for the local public, such arguments are not compelling enough, Managing Director Ravi Menon of …

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• 11 November

  StanChart returns to UK retail banking

  Bloomberg Standard Chartered Plc (StanChart) will have a British retail banking offering for the first time this century after announcing the launch of a new digital platform for UK savers. The London-based — but Asia-focused — bank said it would launch the Shoal platform, which will allow customers to invest exclusively in green and sustainable projects. The initiative, backed by …

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• 11 November

  NAB full-year profit tops estimates on broad rebound

  

  Bloomberg National Australia Bank Ltd.’s (NAB) full-year profit beat forecasts as the lender continued to ride the wave of a stronger-than-expected recovery in the nation’s economy. Cash earnings climbed to A$6.56 billion ($4.87 billion) in the year ended September 30, compared with A$3.71 billion ($2.73 billion) a year earlier, according to a statement. That beat the A$6.45 billion mean estimate …

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• 11 November

  Global bond rally drags 30-year US yield to lowest since July

  

  Bloomberg Bonds rallied from Europe to the US, with 30-year Treasury yields falling to the lowest since July, a move that was accelerated by traders unwinding their short bets. The 30-year US rate falls as much as 9 basis points to 1.79%, narrowing its gap with five-year yields to 72 basis points, within less than 1 basis point of the …

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