January, 2019

• 13 January

  Policy stability seen as African central bankers’ terms end

  

  Bloomberg The possible replacement of the governors of three key African central banks this year could yield an unexpected surprise: policy stability. Time is running out on the first terms of Nigeria’s Godwin Emefiele, Kenya’s Patrick Njoroge and South Africa’s Lesetja Kganyago. While all three are eligible to serve another term at the helms of their central banks, this isn’t …

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• 13 January

  Some airport security lanes to close as shutdown pinches TSA

  

  Bloomberg The Transportation Security Administration (TSA) plans to begin closing a handful of security checkpoints at airports around the US as soon as this weekend in response to staff shortages as impacts of the three-week partial federal government shutdown begin to expand. Miami International Airport has shut one of its concourses for several days and has moved flights to other …

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• 13 January

  Bamboo Air to join Vietnam skies soon

  

  Bloomberg Vietnam’s Bamboo Airways, after repeated delays, will start commercial flights on January 16, the company said in an emailed statement. The carrier set minimum ticket prices at 149,000 dong ($6.40) each. The carrier will initially operate 37 domestic routes, the company said in a separate statement. Bamboo Airways will also start this year international flights to Asian countries, starting …

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• 13 January

  Target ups ante for retail with strong holiday sales

  

  Bloomberg Target Corp set a high bar for rival retailers with strong holiday sales, bolstering the industry’s hope that this will be America’s best shopping season in more than a decade. Target’s comparable sales grew 5.7 percent in the November-December period, beating some analysts’ estimates. It also maintained its full-year sales and earnings forecasts. Target went all out over the …

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• 13 January

  Cathay Pacific commits another ticketing error

  

  Bloomberg Less than two weeks after saying it had a ticketing error that gave away premium seats at huge discounts, Cathay Pacific has done it again. This time, some visitors to their booking site got lucky on flights from Europe to Hong Kong. The South China Morning Post reported that the carrier offered first-class seats from Portugal to Hong Kong …

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• 13 January

  Airline battle for Hawaii picks up as Sun Country adds flights

  

  Bloomberg Sun Country Airlines Inc will begin service from San Francisco to Hawaii on May 18 for the peak summer season, bulking up its service to the island state just as Southwest Airlines Co plans to jump into the market. Fares to Honolulu will start at $259 each way. The average one-way fare on the route is $339 during the …

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• 13 January

  Indonesian airlines slash fares by 60% 

  Bloomberg Indonesian airlines reduced air fares for some local routes by as much as 60 percent starting last week in response to a backlash over a surge in ticket prices during the peak holiday season. PT Garuda Indonesia, Lion Air and PT AirAsia Indonesia are among the carriers which already cut prices from January 11, the Indonesian National Air Carrier …

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• 12 January

  UK’s nuclear future fades as Hitachi exit follows Toshiba

  

  Bloomberg Britain’s plan for a nuclear revival was thrown into disarray after the second Japanese company in as many months seemed to pull the plug on a new plant. The UK government has put atomic energy at the heart of its effort to attract 100 billion pounds ($130 billion) of investment to upgrade its aging reactors it needs to keep …

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• 12 January

  India oil demand growth rebounds from 4-year low

  

  Bloomberg India’s oil demand growth in 2018 rebounded from the slowest pace in four years as the country recovered from the shock of a cash ban and the roll out of a national sales tax. The nation’s consumption of petroleum products rose 4.1 percent to about 210 million tonnes, the Oil Ministry’s Petroleum Planning and Analysis Cell said. Growth improved …

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• 12 January

  China plans subsidy-free solar, wind pilot projects

  

  Bloomberg China will start building pilot wind and solar power projects that won’t receive national government payments as it pushes to improve the competitiveness of renewable energy and rein in subsidy bills. Shares of solar manufacturers surged in New York and Hong Kong. Power prices from these pilot projects will be the same or lower than from coal-fired plants, the …

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