January, 2021

• 26 January

  Deutsche Bank suffers yet another mishap

  Deutsche Bank AG’s latest conduct slipup has a familiar look. Several of its investment bankers allegedly misrepresented how sophisticated some of their clients were so they could sell them risky products. It carries an echo of the early 2000s, when securities firms from around the world missold derivatives to myriad municipalities and small companies across Europe. That Deutsche should find ...

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• 26 January

  China knows Taiwan is a bipartisan US issue

  China flew a significant force of bombers and fighters near the Taiwan Strait over the weekend, one of the largest in an escalation of nerves over several months but more important as a test of President Joe Biden’s administration. The new team didn’t give Beijing a free pass. The State Department quickly issued a press release about the Chinese military ...

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• 26 January

  Delta to activate 400 idled pilots over travel optimism

  

  Bloomberg Delta Air Lines Inc will return 400 pilots to full flying status by this summer, betting that the expansion of coronavirus vaccinations will trigger a rebound in travel demand. The plan is “well ahead” of when the company originally estimated it would restore pilots to full active status, John Laughter, Delta senior vice president of operations, said in a ...

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• 26 January

  Rolls-Royce sees $2.7 billion cash outflow on travel slump

  

  Bloomberg Rolls-Royce Holdings Plc projected free-cash outflows of about 2 billion pounds ($2.7 billion) this year, saying new curbs on travel tied to the coronavirus will delay a recovery in long- distance flights. The shares slumped after the UK jet-engine maker said on Tuesday that it expects flying hours for wide-body aircraft to reach just 55% of 2019 levels. It ...

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• 26 January

  Macquarie Infrastructure seeks Atlantic Aviation bids

  

  Bloomberg Macquarie Infrastructure Corp (MIC) is seeking bids for services provider Atlantic Aviation, according to people with knowledge of the matter. Atlantic could fetch as much as $4 billion, including debt, if suitors value the company at a similar multiple to rival Signature Aviation Plc, some of the people said, asking not to be identified because the information isn’t public. ...

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• 26 January

  China’s challenger to Boeing, Airbus to begin deliveries

  

  Bloomberg China is finally reaching the finish line in its long-delayed attempt to build a jet capable of competing with narrowbody planes from Airbus SE and Boeing Co, according to the state-owned company in charge of the program. Commercial Aircraft Corp of China (Comac) will deliver its first C919 single-aisle jet by the end of the year, Communist Party-backed newspaper ...

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• 26 January

  Air Canada drops most in five weeks on virus

  Bloomberg Air Canada dropped 6.2%, the most since December 21, as the Canadian government considers tougher measures to limit travel into the country because of new variants of Covid-19. Prime Minister Justin Trudeau and members of his cabinet have talked openly about tightening rules to discourage international trips. The country requires anyone boarding a flight to Canada to have a ...

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• 26 January

  Moonpig, its shareholders seek $524m in London IPO

  Bloomberg Online greeting-card retailer Moonpig Group Plc and its shareholders plan to raise as much as 384 million pounds ($524 million) in an initial public offering in London, part of a rush of European companies looking to capitalise on robust stock markets and pandemic-fuelled sales growth. Moonpig is marketing as many as 113 million shares at 310 pence to 350 ...

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• 26 January

  Trump opens office to ‘carry on’ his administration’s agenda

  

  Bloomberg Former President Donald Trump has opened an office to “advance the interests of the United States and to carry on the agenda” of his administration, according to a statement. The ex-president’s former campaign manager, Brad Parscale, created a new email distribution system via one of his private companies for Trump’s statements because the 2020 campaign’s email infrastructure has been ...

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• 26 January

  Italian PM Conte quits, leaving country adrift in midst of pandemic

  

  Bloomberg Italian Prime Minister Giuseppe Conte resigned after losing his Senate majority, plunging the country into political uncertainty just as it’s battling the pandemic and a recession. Weakened by the defection of a junior partner, Conte offered his resignation to President Sergio Mattarella on Tuesday, according to a statement from the president’s office. The head of state, who oversees attempts ...

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