January, 2020

• 25 January

  Deutsche Bank buys more debt of Altico

  

  Bloomberg Deutsche Bank AG and a Singapore based hedge fund bought more debt of an embattled Indian shadow lender, highlighting the growing foreign interest in the discounted assets of the financier at the center of a credit crisis. Deutsche Bank has almost doubled the debt it holds of Altico Capital India Ltd to 3 billion rupees ($42.1 million) in the …

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• 25 January

  Davos digital-payments rift pits FB against central banks

  

  Bloomberg A rift among the global elite over the future of digital payments was on display during a panel discussion at the World Economic Forum’s annual meeting in Davos, Switzerland. At stake is the potential overhaul of the global financial system that could see companies like Facebook Inc pitted against the world’s central banks in the race to develop a …

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• 25 January

  Swiss bank ex-CEO sanctioned for insider trading

  Bloomberg A Swiss bank’s former chief executive officer has been sanctioned by the country’s financial regulator for insider trading in his wife’s name and what Finma called other “serious breaches of supervisory law.” The man executed the trades using his wife’s account at other lenders for several years, violating his bank’s internal directives, Finma said. The identities of the bank …

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• 25 January

  Mercedes mulls more hybrids at AMG unit

  

  Mercedes-Benz is considering adding more plug-in hybrids to its AMG performance-car lineup, as the world’s top-selling luxury carmaker seeks to balance consumer demand for roaring combustion power with government pressure to meet stricter emission rules. Fleet customers of Daimler AG’s main brand have responded well to a growing list of hybrid models for sale, ranging from compacts to full-size vehicles, …

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• 25 January

  Bird’s UK chief departs after e-scooters remain banned

  

  Bloomberg E-scooter startup Bird Rides Inc has lost its UK and Ireland boss, Richard Corbett, who left the company after two years at the helm. Since launching in London in 2018, the venture capital-backed startup has struggled to deploy its scooter-rental business as a result of tight regulation, which Corbett says was made impossible to overcome while lawmakers focussed on …

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• 25 January

  Cut back on email if you want to fight global warming

  

  Bloomberg Everyone has seen the warning. At the bottom of the email, it says: “Please consider the environment before printing.” But for those who care about global warming, you might want to consider not writing so many emails in the first place. More and more, people rely on their electronic mailboxes as a life organiser. Old emails, photos, and files …

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• 25 January

  Singapore Air mulls adding more Boeing jets in India

  

  Bloomberg Singapore Airlines Ltd is preparing to add planes in India to take on rivals in one of the world’s fastest-growing aviation markets. Vistara, Singapore Air’s Indian joint venture, is considering ordering more 787 Dreamliner jets — whose sticker prices start at about $250 million each — from Boeing Co to add flights to destinations as far away as the …

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• 25 January

  Boeing-Embraer deal faces delay over probe

  

  Bloomberg European Union merger watchdogs said they stopped the clock on their review of Boeing Co’s tie-up with Brazilian rival Embraer SA for a second time as they demanded yet more details from the jet makers. The move is a re-run of a similar request late last year for data about the deal, which the European Commission has warned could …

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• 25 January

  Bailout delay leaves S African Airways on brink of collapse

  

  Bloomberg South African Airways (SAA) said “time is of the essence” for the government to provide a pledged cash injection if the loss-making national carrier is to continue flying. The National Treasury agreed last month to give the airline 2 billion rand ($140 million) as part of the terms of its bankruptcy protection, but has yet to follow through. SAA …

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• 25 January

  Lufthansa weighs listing of stake in jet-maintenance unit

  

  Bloomberg Deutsche Lufthansa is considering the sale of stock in its jet-aircraft maintenance business to fund the unit’s expansion and help boost the airline group’s market value, according to people familiar with the matter. A partial spinoff of the Technik division to Lufthansa shareholders is also being considered, though an initial public offering of a stake is the more likely …

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