November, 2019

• 13 November

  ECB picks Bank of France director for key position

  Bloomberg The European Central Bank (ecb)appointed Imene Rahmouni-Rousseau, a director at the Bank of France, as its next chief of market operations — a key role in implementing monetary policy following the resumption of quantitative easing. Rahmouni-Rousseau will take over as Director General Market Operations on February 1, replacing long-time chief Ulrich Bindseil, who now heads market infrastructure and payments …

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• 13 November

  Citi says rehiring ex-trader after acquittal is non-starter

  

  Bloomberg Citigroup Inc said the prospect of rehiring a former trader after he was acquitted of rigging foreign-exchange markets last year is a “non-starter” following the “clearest possible breakdown in trust and confidence.” Rohan Ramchandani was fired after a swift investigation by the bank into his chatroom messages and is suing the bank in an employment tribunal in London, asking …

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• 13 November

  Stocks drop, bonds climb as investors weigh trade

  

  Bloomberg US equity-index futures retreated with stocks in Europe and Asia on Wednesday as investors digested President Donald Trump’s latest comments on trade as well as ongoing unrest in Hong Kong. Treasuries led a bond rally. Contracts on all three main American gauges pointed to a drop at the open after the S&P 500 closed just shy of a record …

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• 13 November

  Spain overtakes Britain as Europe’s worst stock market

  

  Bloomberg Just as Spanish stocks were starting to rally towards this year’s highs, a coalition with an anti-austerity political party is dampening the mood once more. The benchmark IBEX 35 Index is down 2.5% since the vote that left the ruling Socialists weaker, forcing them to seek a coalition with an erstwhile foe. Only last week, the measure rose to …

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• 13 November

  Pakistan gas giant to start zinc exports amid shift from fuel

  

  Bloomberg Pakistan Petroleum Ltd (PPL) is looking to begin zinc and lead exports from next year as the nation’s largest gas explorer moves away from the fuel after a decade of zero growth in domestic production. The oil and gas explorer aims to boost revenue from its mining business to $100 million annually within three years, CEO Moin Raza Khan said. …

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• 13 November

  Boeing Max orders fall as Air Lease swaps 737 for 787 jets

  

  Bloomberg Sales for Boeing Co’s grounded 737 Max slipped in October after a prominent customer converted some of its orders for the narrow-body jet to twin-aisle 787 Dreamliners. Boeing’s unfilled 737 order backlog, adjusted for accounting considerations, shrank by 19 aircraft during the month to 4,387 jets, the Chicago-based planemaker revealed on its website. The planemaker garnered negative 93 orders …

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• 13 November

  Ferragamo: HK protests slashed local retail sales

  

  Bloomberg Salvatore Ferragamo SpA’s sales in Hong Kong fell 45% during the third quarter as months of anti-Beijing protests held back spending by tourists and locals alike. The decline at the Italian maker of leather pumps and silk scarves exceeded the impact estimated by some rival luxury companies. LVMH, the owner of Louis Vuitton and Givenchy, previously said sales in …

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• 13 November

  Magazine Luiza share offering to raise $1.13b

  Bloomberg Magazine Luiza SA, the Brazilian retailer that is fast becoming one of the country’s leading e-commerce providers, sold shares at 43 reais each, according to people with direct knowledge of the matter. The company’s offering raised a total of 4.7 billion reais ($1.13 billion), including a primary sale of 100 million shares, according to one of the people, who …

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• 13 November

  JetBlue fights discounters with no-frill option in fare overhaul

  

  Bloomberg JetBlue Airways Corp, bowing to rising competitive pressures, began offering a no-frills option in the first revamp of its fare categories since they were introduced in 2015. Customers buying a reduced Blue Basic fare won’t get a refund if they have to cancel, can’t make changes to the reservation and will have to board last — standards that match …

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• 13 November

  Cathay issues second profit warning in less than one month

  

  Bloomberg Cathay Pacific Airways Ltd issued its second profit warning in less than a month as Hong Kong’s flag carrier continues to struggle from a slumping number of visitors because of the protests that have gripped the city for months. Second-half financial results will be “significantly” lower than in the first, Cathay said in a statement on Wednesday. The language …

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