June, 2019

• 8 June

  JPMorgan, CIBC expect Canada to slash rates

  

  Bloomberg Canada may have just printed its lowest unemployment rate since at least 1976, but two big North American banks are now forecasting its central bank to cut rates. JPMorgan Chase & Co. reduced its forecast for Canadian growth in the third and fourth quarters of this year to 1.5 percent from 2.25 percent and expects the Bank of Canada ...

  Read More »
• 8 June

  ‘Indonesia rate move depends on timing’

  

  Bloomberg Indonesia’s central bank is discussing the possibility of cutting interest rates but is waiting for the right time to do so, Deputy Governor Dody Waluyo said. Given the uncertainty in financial markets, the central bank needs to be “cautious” and a rate cut “will depend on the timing,” Waluyo said in an interview with Bloomberg Television’s Kathleen Hays in ...

  Read More »
• 8 June

  ‘ECB price outlook not as dire as market bets’

  

  Bloomberg The European Central Bank’s outlook for euro-zone inflation is “not bad” and investors have underestimated the institution’s willingness to act if needed, according to policy maker Vitas Vasiliauskas. Market-based inflation expectations have dipped to near a record low despite ECB President Mario Draghi saying that interest-rate cuts and asset purchases could be deployed if needed to fight any further ...

  Read More »
• 8 June

  American Air mulls Airbus A321XLR to plug Boeing gap

  

  Bloomberg American Airlines Group Inc is taking a hard look at whether to buy Airbus SE’s proposed A321XLR aircraft, people familiar with the matter said. Any deal would be a big blow to struggling Boeing Co’s rival foray into mid-range flying. The US carrier sees the plane, which would have the longest range of Airbus’s single-aisle offerings, as a potential ...

  Read More »
• 8 June

  South African Airways’ funding plans stuck

  

  Bloomberg South African Airways is in talks with its existing banks, new lenders and the government. But talking won’t pay off 12.7 billion rand ($842 million) of imminently maturing debt. The stricken state-owned carrier called a media briefing to “give assurances to stakeholders about the airline currently and into the future” following the surprise departure of Chief Executive Officer Vuyani ...

  Read More »
• 8 June

  ‘Boeing 737 Max flawed and shouldn’t fly again’

  Bloomberg Consumer advocate Ralph Nader said the larger engines mounted to the Boeing 737 Max represented a design flaw and called for the plane to be permanently grounded. The 737 Max “must never fly again,” Nader said. “It’s not a matter of software. It’s a matter of structural design defect: the plane’s engines are too much for the traditional fuselage.” ...

  Read More »
• 8 June

  Air Canada Transat bid takes twist with higher Mach offer

  

  Bloomberg Real-estate developer Group Mach Inc offered to buy tour operator Transat AT with potential support from the Quebec government, topping a friendly proposal by Air Canada that had been criticised by some shareholders. Mach is offering C$14 a share in cash for Montreal-based Transat, C$1 per share more than the Air Canada bid. The unsolicited proposal is worth more ...

  Read More »
• 8 June

  Bombardier rises as Mitsubishi weighs buying CRJ jet

  

  Bloomberg Bombardier Inc climbed the most in three months on word that the company is in talks to sell its CRJ regional jet programme to Mitsubishi Heavy Industries Ltd, a move that would end the Canadian industrial champion’s involvement in commercial aircraft. Both sides confirmed they were in discussions after the Air Current reported that negotiations were at an advanced ...

  Read More »
• 2 June

  Russia oil output declines, meets Opec pact target

  

  Bloomberg Russia’s average daily oil output in May fell below its Opec+ target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe, because of contamination. The country produced just more than 47 million ton-nes of crude oil and condensate in May, according to preliminary data from the Energy Ministry’s ...

  Read More »
• 2 June

  Trump’s tariff pain set to ricochet from China to global economy

  

  Bloomberg President Donald Trump claims China is paying his tariffs; furniture salesman Mack Yuan in the east-coast commercial heartland of Zhejiang begs to differ. “We don’t pay any tariffs,” says Yuan, whose company Dakang Holdings Co sells about half its products to the US, including to Walmart Inc and Costco Wholesale Corp. The impact of Trump’s tariff hike on $200 ...

  Read More »