April, 2019

• 3 April

  Whole Foods cuts prices as Amazon extends imprint

  

  Bloomberg Whole Foods Market says it will lower prices on hundreds of grocery items this week, the latest effort to reshape the grocer’s pricey image under Amazon.com Inc. The Seattle retail giant touted a round of price cuts immediately after buying Whole Foods in August 2017 and over the last year worked to roll out grocery delivery from store locations …

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• 3 April

  Superdry plunges as co-founder returns

  

  Bloomberg Superdry Plc shares plunged as its board and top management resigned following a shareholder vote to bring back co-founder Julian Dunkerton at the helm of the UK apparel retailer. Chairman Peter Bamford, Chief Executive Officer Euan Sutherland and Chief Financial Officer Ed Barker will leave immediately, the company said. Dunkerton will take over as interim CEO and join the …

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• 3 April

  Helicopter ride-sharing service comes to Manila

  Bloomberg A new startup may have the answer for cashed-up travellers desperate to beat the gridlock in the mega cities of Southeast Asia: helicopter ride-sharing. Ascent Flights Global Pte is starting the service in the Philippines next week and plans to expand to Thailand, Indonesia and Malaysia by next year. The Singapore-based company lets customers book a seat on a …

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• 2 April

  WTO says global trade growth loses momentum over tariff war

  

  GENEVA / WAM World trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018 due to rising trade tensions and increased economic uncertainty. World Trade Organisation (WTO) economists expect merchandise trade volume growth to fall to 2.6% in 2019 down from 3.0% in 2018. Trade growth could then rebound to 3.0% …

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• 2 April

  Oil advances as Opec curbs stoke optimism

  

  Bloomberg Crude advanced for a third day after a further reduction in supply from Opec signaled that global markets are tightening. Futures added as much as 1.3% to the highest level since November in New York on Tuesday. Declines in Opec production are stoking optimism among investors as Saudi Arabia pressed on with output curbs and as power blackouts in …

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• 2 April

  US stocks extend losses; Treasuries resume rally

  

  Bloomberg US equities extended losses and European shares climbed as investors reassessed the strong rally that started the week. Treasuries resumed their charge higher, while the pound weakened after Britain’s parliament once again failed to reach a consensus on Brexit. The Dow was dragged down by Walgreens Boots Alliance Inc after lower pharmacy reimbrusements hurt earnings at the drugstore chain. …

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• 2 April

  Bitcoin surges as cryptocurrency market returns to life

  

  Bloomberg An abrupt surge in Bitcoin sent the world’s most popular cryptocurrency to the highest level since November, jolting the $160 billion market for digital assets after three months of calm. Traders struggled to pinpoint reasons for the rally, though some noted a flood fresh interest after Bitcoin breached the $4,200 level. The cryptocurrency briefly topped $5,000 and the value …

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• 2 April

  Bank of England asks shadow lenders on risk of downturn

  

  Bloomberg The Bank of England (BOE) has been meeting with direct lenders to gauge the industry’s resilience to slowing growth, according to two people familiar with the matter. At least two of the biggest UK private credit funds met separately with members of the central bank’s financial stability unit in the past month, said the people, who asked not to …

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• 2 April

  Goldman sees ‘big finish’ for Brexit, pound opportunity

  

  Bloomberg Britain’s pound presents the biggest opportunity within developed-market currencies with a probable break-the-Brexit logjam moment coming soon, according to Goldman Sachs Group Inc. “We’re coming to a big finish here,” Zach Pandl, Goldman’s co-head of global foreign exchange and emerging market strategy, said on Bloomberg Television after the UK Parliament again rejected all alternatives to Prime Minister Theresa May’s …

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• 2 April

  Denmark warns money launderers threaten banks

  Bloomberg Denmark’s financial watchdog is warning that smaller banks need to be on high alert for signs of money laundering as larger lenders tighten their surveillance systems. Jesper Berg, director general of the Financial Supervisory Authority in Copenhagen, said Denmark is concentrating on “building the lines of defense and having them stronger,” in an interview with Bloomberg Television. Denmark’s biggest …

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