January, 2019

• 29 January

  US stocks mixed ahead of China trade talks; oil gains

  

  Bloomberg US equities were mixed following gains in Europe as investors weighed the latest corporate earnings and the chances of a trade breakthrough between the world’s biggest economies. Industrial companies led advances as 3M Co struck an optimistic tone after reporting a profit that beat estimates, while technology stocks dragged on major US indexes. Almost all sectors climbed in the …

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• 29 January

  Indian stocks swing as financial strength of companies in focus

  

  Bloomberg Indian stocks fluctuated as investor concerns over the financial vulnerability of local companies emerged ahead of the federal budget this week. Shares in major Asian markets were in the red after their US counterparts retreated on signs of slowing global growth. The S&P BSE Sensex fell 0.2 percent to 35,592.50 at the close in Mumbai after swinging between gains …

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• 29 January

  Creditors prowl Caribbean for ‘Venezuela oil’

  

  Bloomberg Laden with 400,000 barrels of Venezuelan oil, the Icaro sits in the azure waters of the Caribbean just off the Dutch island of Curacao. It’s been there more than a month, and it’s not going anywhere until state-owned oil company PDVSA pays its bills. The Icaro has become an unlikely but telling symbol of Venezuela’s woes. And it shows …

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• 29 January

  Adani Gas surges after India top court victory

  

  Bloomberg Adani Gas Ltd surged the most in nearly two months after India’s top court nullified orders restricting its network expansion. Shares jumped as much as 6.8 percent to 94.55 rupees, the biggest intraday gain since December 5, before paring its advance to 3.4 percent in Mumbai. The benchmark NSE Nifty 50 index was little changed. A two-judge Supreme Court …

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• 29 January

  TD taps helocs to regain clients in ‘leadership push’

  

  Bloomberg Toronto-Dominion Bank is seeking to win back customers with home-equity loans — even as concerns grow over elevated consumer debt amid a slowing Canadian economy. A push for a greater market share of home-equity lines of credit, or helocs, is part of this year’s strategy for Teri Currie, group head of Canadian personal banking at the country’s largest lender …

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• 29 January

  Hungary central bank leaves rates unchanged

  

  Bloomberg Hungary’s central bank left its main interest rates unchanged, sticking to a gradual shift towards the end of ultra-loose monetary policy as it assesses the need to curb brewing inflation pressures. Rate setters left the rate on required reserves unchanged at 0.9 percent and the overnight deposit rate at minus 0.15 percent on Tuesday, with both decisions matching economists’ …

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• 29 January

  Reserve Bank of Zimbabwe to allow dollar trading to ease currency squeeze

  

  Bloomberg Zimbabwe said it will allow companies and individuals to transfer dollars electronically, as it looks to ease a crippling scarcity of foreign exchange that’s sent the economy into meltdown and triggered protests. The Reserve Bank of Zimbabwe has upgraded its systems to allow for such transactions and will run testing until February 1, after which it plans to go …

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• 29 January

  Age of volatility is back, says Kenya bank chief

  

  Bloomberg Volatile times are back on the global economic scene with the US appearing to lack clear policy and growth in Europe slowing, the Kenyan central bank governor said. Comments by members of the US government have undermined the Federal Reserve’s role as an anchor of monetary policy, Governor Patrick Njoroge said. Other key concerns include the threat of a …

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• 29 January

  Absa CEO Ramos to retire after steering split from Barclays

  

  Bloomberg Absa Group Ltd Chief Executive Officer Maria Ramos will step down after overseeing the split from Barclays Plc, an alliance blamed for the loss of retail market share at South Africa’s third-largest bank. The stock rallied the most among its Johannesburg-based peers on Tuesday in the wake of her pending exit. Absa, once the nation’s largest mortgage lender, fell …

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• 29 January

  Norwegian gets lifeline with Norway’s richest man backing

  

  Bloomberg Norwegian Air Shuttle ASA gained the backing of Norway’s richest man, providing some stability to the struggling discount carrier as it searches for a new suitor following IAG SA’s decision to abandon its eight-month pursuit. The shares fell the most on record after Norwegian said it had raised 3 billion kroner ($353 million) in a rights issue underwritten by …

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