February, 2022

• 21 February

  CR Power picks banks for renewable unit’s Hong Kong listing

  

    Bloomberg The renewable energy arm of China Resources Power Holdings Co has picked banks including ABC International Holdings Ltd and China International Capital Corp for an initial public offering in Hong Kong, according to people familiar with the matter. The power generation company’s unit is also working with HSBC Holdings Plc and Morgan Stanley on a proposed first-time share ...

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• 21 February

  Top oil refiner sees India’s green hydrogen push halving costs

  

    Bloomberg Indian Oil Corp Ltd, the country’s biggest oil refiner and a large user of hydrogen, expects prices of the cleanest form of the fuel to halve after the government scrapped fees on wheeling renewable power across the country. The offer to waive transmission charges on green energy from one state to the other can reduce costs by as ...

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• 21 February

  China should remember lessons of Nixon visit

  

    China’s leaders could be forgiven for gloating a little next week, the 50th anniversary of President Richard Nixon’s historic visit to Beijing. Their nation was arguably the biggest winner from Sino-American rapprochement. But it’s in danger of forgetting what made that victory possible. In February 1972, the country on which Nixon bet the equivalent of a geopolitical house was ...

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• 21 February

  Hong Kong’s brain drain causing pain

  

  Hong Kong officials have typically reacted with nonchalance to questions about the city’s record population exodus. Financial flows show the territory retains its hub status, business confidence is unshaken, those departing are denying themselves a role in a prosperous future. Or so some of the familiar arguments run. The Securities and Futures Commission’s (SFC) staffing struggles offer a different perspective. ...

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• 21 February

  When investors are the first casualties of war

    The Ukraine crisis may yet produce the biggest war in Europe since 1945. Or it may produce some strange new hybrid of cyberattacks, “little green men” and maskirovka (military deception) that won’t quite match our preconceived notion of war. Or — though this now seems the lowest-probability scenario — President Vladimir Putin may turn out to be Russia’s answer ...

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• 21 February

  Fed is not right place to fight climate change

    The latest Republican objection to Sarah Bloom Raskin’s nomination to the US Federal Reserve concerns a possible conflict of interest she had while serving on the board of a financial technology company. Far more disturbing — and far more justifiable as an objection — are her ideas about how to use the Fed to fight climate change. Using monetary ...

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• 21 February

  American Air cuts more int’l flights on Dreamliner delays

  

    Bloomberg American Airlines Group Inc is making additional cuts to its international flight plans this summer because of ongoing delays in deliveries of Boeing Co 787 Dreamliners, a setback for the carrier just as global travel is expected to begin recovering from a pandemic slump. The airline will delay until November from June the start of a flight between ...

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• 21 February

  Supply-chain troubles hit Rice Krispies in US

  

    Bloomberg Rice Krispies are the latest victim of US supply-chain troubles. Shoppers around the country have taken to social media to probe the absence of the Kellogg Co cereal brand from their grocery-store shelves. The company confirmed the problems, citing a temporary shortage due to manufacturing constraints. “We do not have an estimated date on when it will be ...

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• 21 February

  FAA chief who led during 737 Max crisis is stepping down

  

  Bloomberg Steve Dickson, who led the US Federal Aviation Administration (FAA) through a tumultuous period following fatal crashes of Boeing Co’s 737 Max and the Covid-19 pandemic, is stepping down from the agency at the end of March. Dickson informed FAA’s employees in an email of his plan to depart less than three years into his five-year term. He called ...

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• 21 February

  Expedia CEO predicts ‘busiest travel season ever’ this summer

  

  Bloomberg Expedia Group Chief Executive Officer Peter Kern believes that 2023 will be the year that we stop predicting a travel recovery and actually start enjoying it. But before then, he forecasts something bolder: “Summer 2022 will be the busiest travel season ever,” he tells Bloomberg, speaking over Zoom in Wyoming. “We’ve been talking about pent-up demand for a long ...

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