June, 2019

• 30 June

  BIS starts fintech hub as banks look into crypto

  

  Bloomberg The Bank for International Settlements (BIS) is setting up shop to help officials embrace financial technology, who may need to speed up developing their own digital currency. The BIS, which promotes cooperation among the world’s monetary officials, announced it was starting an innovation hub for financial technology. And in an interview with the Financial Times, BIS General Manager Agustin ...

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• 30 June

  Philippine peso’s best run in six years is under threat

  Bloomberg The Philippine peso’s longest run of quarterly gains in six years will be tested this week with a report forecast to show inflation resumed its downtrend in June. Evidence consumer-price gains are cooling raises the prospect the central bank will follow up on its May interest-rate cut to support flagging growth. Technical indicators also suggest the peso may struggle ...

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• 30 June

  Wizz Air CEO says new Airbus jets to extend reach to India

  

  Bloomberg Discount carrier Wizz Air Holdings Plc is considering using a new fleet of long-range narrow-body Airbus SE jets to launch flights from London to Dubai and even central Europe to India in a further challenge to network rivals. The 20 A321 XLR planes ordered will allow Wizz to broaden its footprint and beef up capacity on existing destinations, Chief ...

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• 30 June

  After losing Avianca, Bolivia’s Efromovich eyes Italy’s Alitalia

  

  Bloomberg German Efromovich, the ousted chairman of Bolivian airline Avianca, is eyeing a comeback via Italy. Efromovich wants to buy a stake in the bankrupt Italian flag-carrier Alitalia SpA, financial daily Il Sole 24 Ore reported, citing an interview. “We wrote a letter to Ferrovie dello Stato and the adviser Mediobanca two weeks ago saying we can purchase up to ...

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• 30 June

  Eva Airways fails to sign pact with union, strike continues

  Bloomberg Taiwan’s Eva Airways Corp failed to come to terms with representatives of striking flight attendants, and will renegotiate with workers on Tuesday, a union said. The strike will continue until a collective agreement is signed, the union said in a statement posted on its Facebook page. Among the issues for negotiation that broke down was the carrier’s refusal to ...

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• 30 June

  California’s The RealReal climbs after $300mn IPO

  

  Bloomberg Online luxury reseller The RealReal Inc rose 45 percent in its first day of trading after a $300 million initial public offering. The RealReal’s shares, after rising as much as 50percent, closed up at $28.90 in New York trading, giving the company a market value of about $2.39 billion. The RealReal sold 15 million shares for $20 each after ...

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• 30 June

  Forever 21 officials approach landlords about possible sale

  

  Bloomberg A small faction of officials at Forever 21 Inc has asked its biggest landlords if they’d consider taking a stake in the clothing retailer, as the company’s leadership battles internally about how to turn around the struggling store chain. The group, which didn’t have the backing of the company’s co-founder, talked to Simon Property Group Inc and Brookfield Property ...

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• 29 June

  Trump, Xi declare trade truce, agree to resume negotiations

  

  Bloomberg The US and China declared a truce in their trade war on Saturday, as Donald Trump said he would hold off imposing an additional $300 billion in tariffs and the world’s two largest economies agreed to resume negotiations. After a high-stakes meeting with Chinese President Xi Jinping, Trump told reporters that he also would delay restrictions against Huawei Technologies ...

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• 29 June

  UAE-Belarus deal to boost education ties

  MINSK / WAM The UAE and Belarus signed a memorandum of understanding on cooperation in education in Minsk, reported Belarusian Telegraph Agency (BelTA). The document was signed by Belarus Education Minister Igor Karp-enko and UAE Minister of Education Hussain Al Hammadi. “The memorandum creates foundations for mutually beneficial cooperation between countries. We welcome ties between institutions of education, for example, ...

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• 29 June

  Russia, Saudi to extend oil cuts for as long as 9 months: Putin

  

  Bloomberg Russian President Vladimir Putin struck a deal with Saudi Crown Prince Mohammed bin Salman to extend the Opec+ agreement at current production levels for the rest of this year and potentially into early 2020. Speaking at the Group of 20 summit in Japan, the Russian president said the extension of output cuts — which expire at the end of ...

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