September, 2019

• 21 September

  Indonesia cuts key rate for third month in row

  

  Bloomberg Indonesia’s central bank cut its key interest rate for a third straight month to bolster growth amid a deepening global economic slowdown. The seven-day reverse repurchase rate was lowered by 25 basis points to 5.25%, as predicted by 21 out of 28 economists surveyed by Bloomberg. The rest forecast no change. The latest round of easing, after the Federal …

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• 21 September

  India’s central bank chief signals more rate cuts to boost economy

  

  Bloomberg India’s central bank Governor Shaktikanta Das said there’s room for interest rate cuts to spur economic growth given stable and below-target inflation. Speaking at the Bloomberg India Economic Forum in Mumbai, Das said a surge in oil prices following the supply disruption at a Saudi Arabian crude facility will likely be contained and won’t pose a major challenge to …

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• 21 September

  Zimbabwe tightens rules for currency exchanges

  

  Bloomberg Zimbabwe’s central bank has tightened the rules governing the trade of foreign currency by money exchange offices with immediate effect. The rates offered by exchange offices must be 7% above or below the interbank mid-rate, the central bank said in an emailed statement. Failure to comply would result in either heavy financial penalties or license revocation, it said. The …

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• 21 September

  Royal Bank of Scotland names first female CEO

  

  Bloomberg Royal Bank of Scotland Group (RBS) promoted Alison Rose to chief executive officer, making her the first woman to run one of Britain’s big four lenders. Rose, the former head of British commercial and private banking at RBS, was seen as being groomed for the role for years. She takes over on Nov. 1, set to be the UK’s …

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• 21 September

  HSBC is planning a PR blitz to win over Beijing

  

  Bloomberg HSBC Holdings Plc has launched a public-relations offensive aimed at leaders in Beijing, reflecting worries that its position as the biggest foreign bank in China is at risk. With controversies such as the US-China trade war and the Hong Kong democracy protests swirling, the effort is aimed at repairing damage from the fallout of its role in the US …

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• 21 September

  Ryanair freezes payment to Boeing on Max delivery delays

  

  Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary gave a pessimistic outlook for the resumption by Boeing Co of deliveries of its grounded 737 Max, saying the carrier has frozen payments to the manufacturer and started talks on recouping costs of the delay. Deliveries of the aircraft will likely slip “another couple of months” to March or April, he …

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• 21 September

  BA pilots seek talks after calling off strike

  

  Bloomberg British Airways pilots scrapped a planned one-day walkout scheduled for later this month to pursue “meaningful new discussions” as the union sought to end a deadlock over wages. The British Airline Pilots’ Association said it was calling off the September 27 action “before the dispute escalates further and irreparable damage is done to the brand,” and demanded the carrier …

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• 21 September

  Lion Air investigating hack that compromised ‘data’

  Bloomberg PT Lion Mentari Airlines, Indonesia’s biggest private carrier, is investigating a breach that led to personal data of passengers on its Malaysian and Thai units being leaked online. Malindo Airways’s passenger information, which is hosted on cloud-based services, may have been compromised, the carrier said in a statement. Malindo is working with its data service provider Amazon Web Services …

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• 21 September

  Delta looks to turn debris into jet fuel

  Bloomberg Delta Air Lines is funding a study to see if twigs, branches and other wood debris can create jet fuel to help fly its West Coast planes. The airline invested $2 million to partner with Northwest Advanced Bio-fuels LLC to study the feasibility of a bio-fuel production facility in Washington that could create fuel out of forest debris, the …

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• 21 September

  Billionaire retailer Ashley loses court battle with Debenhams

  

  Bloomberg Billionaire Mike Ashley lost out to Debenhams Plc again as a court challenge to the embattled UK department-store chain’s restructuring plan failed. In a blow to Ashley’s Sports Direct International Plc, a judge in the High Court in London ruled that Debenhams’s deal with landlords to accept lower rents should be allowed to go ahead. Ashley, who failed in …

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