December, 2019

• 24 December

  More seasonal flights to Oman, Egypt: Etihad

  Abu Dhabi / WAM Etihad Airways has announced that it will operate its seasonal routes from Abu Dhabi to Alexandria, Egypt, and Salalah, Oman, between June 25 to September 15, 2020. Due to the success of the routes in 2019, the period of operation has been extended by three weeks and a new fifth weekly service introduced on both routes …

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• 24 December

  Stocks, Treasuries steady as holidays approach; dollar up

  

  Bloomberg Stocks and bonds were steady across much of the world alongside US equity futures with trading muted on Christmas Eve. Treasuries nudged higher with the dollar. Shares fluctuated in London and Paris, while they edged lower in Madrid. Markets in Germany and other parts of Europe were closed. Equities ended little changed in Tokyo and Sydney on thin volume, …

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• 24 December

  World’s top-rated power stock recovers from 10-month low

  

  Bloomberg NTPC Ltd is the world’s most-loved power producer by equity analysts, and yet the shares of India’s largest utility are trading near a 10-month low. What gives? The New Delhi-based company is the top rated stock among the world’s largest utilities, with a recommendation consensus of 4.9 on a Bloomberg scale where 5 is a unanimous buy. Analysts expect …

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• 24 December

  HK residents eye homes overseas amid protests

  

  Bloomberg Residents of Hong Kong are hunting for homes all over the world as tense anti-government protests look set to drag into the new year. Real estate brokers from Australia to Canada have seen a surge in interest over the past few weeks, with the desire to secure a safer future prompting many to look beyond the Asian financial hub. …

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• 24 December

  Commercial property markets in London all set for revival in 2020

  

  Bloomberg London commercial real estate deals look set to pick up in 2020, with the political uncertainty that has plagued the market for more than three years finally starting to lift. UK Prime Minister Boris Johnson has a commanding majority in Parliament after his Conservative Party’s election triumph, allowing him to push through his Brexit deal and make good on …

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• 24 December

  Fed may be quietly masking efforts to calm repo market

  

  Bloomberg Wall Street sleuths are wondering whether the Federal Reserve is quietly doing more to calm the US repo market than just the headline-grabbing liquidity injections that have captivated observers for months. The New York Fed runs something called the foreign reverse repo pool, a place where other nations’ central banks can park cash. The amount outstanding has shrunk by …

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• 24 December

  India should avoid fiscal stimulus as debt surges, IMF says

  

  Bloomberg India’s government should avoid a fiscal stimulus to spur the economy, and focus instead on cutting public debt so that financial resources can be freed up for investment, the International Monetary Fund (IMF) said. While the national government has a budget deficit target of 3.3% of gross domestic product in the year through March, a better reflection of the …

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• 24 December

  HNA group repays bond, avoiding default

  

  Bloomberg Troubled Chinese conglomerate HNA Group Co repaid a 1.3 billion yuan ($185 million) bond due on Tuesday, according to people familiar with the matter, avoiding what could have been its first default on a publicly issued note. HNA’s move is the latest of a series of developments that have helped calm frayed nerves in China’s debt markets in recent …

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• 24 December

  Sri Lanka names new central bank governor

  

  Bloomberg Sri Lanka appointed Weligamage Don Lakshman as the new central bank governor, days before the monetary authority is due to review interest rates. Lakshman is a former adviser to the Mahinda Rajapaksa government and succeeds Indrajit Coomaraswamy, who stepped down earlier citing personal reasons. The announcement on Tuesday is among the top economic appointments by Gotabaya Rajapaksa, who won …

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• 24 December

  Mexico prepared to act if inflation, risks stay low

  Bloomberg Mexico’s central bank could take monetary policy action as soon as February if it sees that inflation as well as internal and external risks remain low, Governor Alejandro Diaz de Leon said in an interview. “We have to monitor if conditions in the economy continue having this favorable trend in terms of inflation and lower external and internal risks, …

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