May, 2018

• 16 May

  Cheapest airfare to New York from Delhi is via Iceland

  

  Bloomberg For millions of Indians flying West every year, there’s a new airline in town. And, it’s ultra-cheap. Iceland’s trans-Atlantic carrier Wow Air Ehf, which offers low-cost flights via its hub in Reykjavik, is entering India with tickets to the US at $199 starting from December 7. That would be the first no-frills option to passengers travelling from the South …

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• 16 May

  Drone takedown authority to be granted under Senate proposal

  Bloomberg Security and law enforcement agencies would be given new authority to monitor and take down threatening drones under bipartisan legislation proposed by a group of US Senators. A bill introduced by top members of the Senate Homeland Security and Governmental Affairs Committee would also direct the Department of Homeland Security to study drone technology and the emerging threats it …

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• 15 May

  Europe awakens for LNG to rival China

  

  Bloomberg Europe is starting to steal some of the limelight from China’s booming liquefied natural gas demand as imports pick up after several lackluster years. Europe and China will be comparable in significance as importing regions in the coming years, Cheniere Energy Inc. said, citing data from Wood Mackenzie Ltd. That follows “absolutely phenomenal” growth in China last year, Andrew …

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• 15 May

  Gas giants swap roles as biggest buyer turns to Australia

  

  Bloomberg The gas market is being flipped upside down. Australia, soon to become the world’s biggest exporter of liquefied natural gas, is now turning to the largest buyer Japan as it seeks to import the fuel to ease a domestic supply crunch. In a scenario played out previously by LNG shippers including Indonesia and Malaysia, Australia is seeking to import …

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• 15 May

  Ten-year Treasury yield tops 3%, US stocks slide as dollar surges

  

  Bloomberg The 10-year Treasury yield topped 3.05 percent for the first time in four years, stocks slumped from two-month highs and the dollar rallied as speculation grew that signs of a firm American economy won’t derail the Federal Reserve from its rate path. The S&P 500 Index halted a four-day rally, ending a risk-on mood that had propelled equities to …

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• 15 May

  Coinbase goes after Wall Street with new cryptocurrency tools

  

  Bloomberg Coinbase Inc. became the best-known cryptocurrency exchange in the US by bringing Bitcoin to the masses. Now it’s looking to crack Wall Street. The San Francisco-based company is developing several tools to lure institutional investors onto its platform. They include custodial services where investors can store large amounts of digital currencies, as well as enhanced trading capabilities, such as …

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• 15 May

  Wall Street calls time out on US dollar’s big resurgence

  

  Bloomberg The US dollar’s resurgence is running on fumes. A short squeeze that sparked the greenback’s fastest rise in 18 months has fizzled out, according to Wall Street strategists, who warn of mounting bearish conditions for the currency: paltry domestic inflation, economic resilience overseas and the potential escalation of trade tensions. For now, call last week’s sideways move in the …

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• 15 May

  ‘Ugly’ India inflation puts RBI closer to rate hike

  

  Bloomberg India’s inflation accelerated more than estimated in April, providing ammunition to hawks in the central bank to tighten monetary policy and fuelling a selloff in bonds. Consumer prices rose 4.6 percent in April from a year earlier, the statistics ministry said in a statement in New Delhi, higher than the 4.4 percent median estimate in a Bloomberg survey of …

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• 15 May

  Credit Agricole caught in fixed-income slump

  

  Bloomberg Credit Agricole SA’s trading revenue slumped in the first three months of the year, squeezing earnings at its investment bank. A “more difficult environment” in capital markets and a stronger euro weighed on its performance, Credit Agricole said in a statement on Tuesday. Revenue also suffered from the bank taking a more “selective” approach to employing its capital, which …

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• 15 May

  Nigeria inflation eases for 15th month, expanding rate-cut room

  Bloomberg Nigerian inflation eased for the 15th straight month in April, moving closer to the central bank’s target and expanding room for monetary-policy makers to consider trimming their key interest rate. Consumer-price growth in Africa’s most populous nation slowed to 12.5 percent from a year earlier compared with 13.3 percent in March, the Abuja-based National Bureau of Statistics said in …

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