September, 2021

• 28 September

  Indian stocks set to move sideways post sharp rally

  

  Bloomberg Indian stocks are expected to move in a “calibrated manner” after the benchmark index more than doubled since March last year, driving up the valuations, according to Girish Pai, head of research at Nirmal Bang Equities Pvt. BSE Sensex index had touched the 60,000 mark for the first time on September 24, driven by optimism for recovery in businesses ...

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• 28 September

  Top Netflix ‘Squid Game’ sends Korean media stocks surge

  Bloomberg The latest smash hit from the Korean entertainment world “Squid Game” is also proving popular with investors, who have been snapping up shares of at least two companies related to the thriller series. A dramatised survival game in the vein of “Hunger Games,” the show currently tops the global rankings on Netflix Inc, and is the first Korean drama ...

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• 27 September

  Southwest Air aims hiring blitz at Denver airport ramp

  

  Bloomberg Southwest Airlines Co is deploying new hiring tactics, including on-the-spot interviews and instant job offers for ramp workers at Denver International Airport, in an effort to entice entry-level workers in a highly competitive US labour market. Southwest’s latest recruiting strategy comes as it battles nationwide with companies across a variety of industries to find workers for the 5,000 jobs ...

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• 27 September

  Paris airports need more easing to recover traffic

  

  Bloomberg The reopening of transatlantic flights to the US is “great news” for Paris, but it won’t bring air traffic back to where it was before the pandemic, according to the operator of the city’s airports. Paris serves as a hub to connect various continents, and “as long as Asia is closed, notably China,” all incoming traffic to Paris that ...

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• 27 September

  Whole Foods to charge for delivery from Oct 25

  

  Bloomberg Amazon.com Inc’s Whole Foods Market is implementing a grocery delivery fee across the US, rolling back a perk the retailer had offered for paying Prime members since it began offering home delivery from the organic grocer. Shoppers who want home delivery from Whole Foods will be charged a $9.95 service fee on their orders beginning from October 25, a ...

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• 27 September

  American Air pilots seek to oust managers over snags

  Bloomberg American Airlines Group Inc pilots’ union called for the removal of flight operations managers, citing years of poor performance including delays that forced the carrier to trim its schedule this summer. “Throughout the summer of 2021, middle management chose to advance cancel hundreds of flights disrupting thousands of travel plans while at the same time damaging the American Airlines ...

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• 27 September

  China adds $71bn in cash in past week to calm nerves

  

  Bloomberg China’s central bank continued to pump liquidity into the financial system as policy makers sought to avoid contagion stemming from China Evergrande Group spreading to domestic markets. The People’s Bank of China (PBOC) has injected a net 460 billion yuan ($71 billion) of short-term cash into the banking system in the past five working days, including 70 billion yuan. ...

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• 27 September

  Deutsche Bank’s next strategy to focus on Asia, acquisitions

  

  Bloomberg Deutsche Bank AG’s next strategy will consider themes such as growth in Asia, and it may include acquisitions, Chief Executive Officer Christian Sewing said, in the first indication of his vision beyond the current turnaround strategy. Sustainability and providing risk management solutions to companies are other topics the lender is looking at as it starts planning for the future, ...

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• 27 September

  Taper warning signs flash in India’s central bank markets

  

  Bloomberg Traders are seeing hints that India’s central bank is seeking to drain record liquidity from the banking system, another sign that the global flood of pandemic-era easy money may begin to ease. The Reserve Bank of India (RBI) is increasingly shifting its forex intervention to the forwards market to keep from injecting rupee liquidity, according to traders and economists, ...

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• 27 September

  Barclays sued for $326m in Dutch derivatives case

  

  Bloomberg Barclays Plc was sued for $326 million for its alleged involvement in a derivatives debacle that nearly put a Dutch affordable-housing provider out of business. Stichting Vestia came close to collapse in 2012, after racking up more than 2 billion euros in losses after derivatives that were supposed to be part of a hedging strategy were found to be ...

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