April, 2021

• 26 April

  Treasury yields climb on growth bets, dollar drops

  

  Bloomberg US Treasury yields climb amid confidence the Federal Reserve will remain accommodative even as robust growth takes the world’s largest economy back to pre-pandemic levels. Stock-index futures were little changed. Havens including the dollar and government bonds were under pressure while copper, seen as a barometer of growth, surged to the highest in a decade. The US 10-year rate …

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• 26 April

  HK plans to expand bond connect in July

  

  Bloomberg Hong Kong plans to expand its trading link with the mainland to include southbound flows on bonds in early July, the Hong Kong Economic Journal (HKEJ) reported, citing an unidentified source. The southbound link will have quotas in place and only allow trading in certain eligible bonds, the HKEJ reported on Monday. Hong Kong has a trading link with …

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• 26 April

  Bitcoin bounces strongly after hitting lowest since March

  Bloomberg Bitcoin rallied on Monday as investors took advantage of the lowest levels in seven weeks to pile back in. The largest cryptocurrency is on track for its biggest gain since February 8 after dropping as low as $47,079 in early Asia trading before rebounding. It rose as much as 9.6% to $52,747 and was trading around $52,500 as of …

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• 25 April

  Southwest says it’s ‘hopeful’ cash burn will stop in June

  

  Bloomberg Southwest Airlines Co expects to stop burning cash by June and is adding summer flights almost to 2019 levels as increasing vaccination rates spur trips by vacation-hungry Americans. For the second quarter as a whole, average core cash burn will fall to a range of $2 million to $4 million a day, down from $13 million in the first …

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• 25 April

  Virgin Atlantic aims to get all of its jets flying by fall

  

  Bloomberg Virgin Atlantic Airways Ltd is aiming to get all of its planes flying by October or November amid continuing uncertainty over how far Covid-19 border curbs will be eased before the end of the summer. The carrier controlled by billionaire entrepreneur Richard Branson is working towards the return to full capacity while awaiting details of UK plans to begin …

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• 25 April

  Louis Vuitton, Cartier, Prada push blockchain to ensure authenticity

  

  Bloomberg LVMH, Richemont’s Cartier and Prada SpA are joining forces to offer a blockchain solution to their customers seeking an extra seal of authenticity for the goods they’re buying. The alliance of the world’s largest luxury-goods makers plans to make a blockchain-enabled solution available to all luxury brands to provide shoppers with assurance what they’re buying is authentic, the companies …

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• 25 April

  US Port Authority passes Delta terminal plan at JFK

  Bloomberg The Port Authority of New York & New Jersey approved a scaled-down plan to redevelop Terminal 4 at John F Kennedy International Airport — where Delta Air Lines Inc is the anchor tenant — after the Covid-19 pandemic put a $3.8 billion expansion on hold. The bi-state agency authorised a $1.5 billion first phase with the potential for expansion …

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• 25 April

  Wing seeks to expand US drone flights

  Bloomberg Alphabet Inc’s Wing Aviation LLC is asking US regulators to allow it to expand drone operations as a way to make more efficient deliveries controlled from a central command post. Wing wants to control its drone flights at a “central hub” from which the remote pilots can oversee operations without being in the aircraft’s operating area, the Federal Aviation …

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• 25 April

  Citi retail units seen fetching $6 billion as sales kick off

  

  Bloomberg Citigroup Inc could fetch as much as $6 billion from the sale of retail banking assets in 13 markets across the Asia-Pacific region, Europe and the Middle East as the lender forges ahead with plans to fine-tune its global branch network, people familiar with the plan said. The sale process for Australia is the furthest along and the preliminary …

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• 25 April

  ICICI Bank’s profit jumps over threefold on interest income

  

  Bloomberg ICICI Bank Ltd. posted a more than threefold rise in fourth-quarter profit, helped by strong earnings from its lending business even as it set aside a smaller pot of money to cushion the impact of more bad loans that could result from India’s deteriorating coronavirus situation. Net income at the nation’s second largest private lender stood at 44.03 billion …

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