August, 2018

• 18 August

  Australian dollar’s tumble not enough to satisfy RBA

  

  Bloomberg Australian central bank chief Philip Lowe said he’d still like to see the nation’s currency weaken further and sees interest rates remaining at a record low “for a while yet.” “It is likely to be some time before we are at full employment and the inflation rate is comfortably within the target range on a sustained basis,” Lowe said …

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• 18 August

  Barclays hires CFO of Berlin’s tech star to run Germany operations

  

  Bloomberg Barclays Plc has tapped Rocket Internet SE’s chief financial officer to lead its German operations, according to people with knowledge of the matter. The British bank will soon name Peter Kimpel as head of Germany as early as next week, the people said, asking not to be identified discussing private information. He will fill a post that’s been vacant …

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• 18 August

  RBS taps Katie Murray as interim CFO as Ewen Stevenson preps exit

  

  Bloomberg Royal Bank of Scotland Group Plc tapped Katie Murray to be its interim chief financial officer as Ewen Stevenson prepares to leave the state-controlled lender and step down from the board. Murray, who is currently deputy CFO and one of a handful of women in the City of London in a senior finance role, will take the position in …

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• 18 August

  Bloody unrest cripples Nicaragua growth as banks’ money drained

  

  Bloomberg Economic growth in Nicaragua, once a top performer in the region, will slow to a crawl this year after months of violent chaos left hundreds dead and paralysed business activity. The $13.7 billion economy will expand just 1 percent this year in an “optimistic scenario” compared with an original forecast of 5 percent, Central Bank Chief Ovidio Reyes said …

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• 18 August

  Jefferies promotes Bowden to global head of energy banking group

  

  Bloomberg Investment bank Jefferies Group is reorganising its energy group, according to a letter seen by Bloomberg. Pete Bowden, the current co-head of energy banking and the leader of Jefferies’s midstream franchise, will become global head of energy, according to the letter from Ralph Eads, the chairman of the group. Guy Oliphint and Greg Chitty have been promoted to co-heads …

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• 18 August

  Maersk offloads drilling assets in latest move to exit energy

  

  Bloomberg A.P. Moller-Maersk A/S has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry. Copenhagen-based Maersk, which owns the world’s biggest shipping operations and is working on turning itself into a pure transport company, said that the decision will take effect sometime next year. Maersk shares opened about 4 percent …

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• 18 August

  Eastern Canadian LNG project wins buyers in shadow of rival Shell

  

  Bloomberg Royal Dutch Shell Plc’s giant liquefied natural gas project in western Canada may be grabbing the headlines, but a smaller rival in the east is busy lining up another customer from Europe. Pieridae Energy is negotiating a binding agreement to supply LNG from its proposed Goldboro project in Nova Scotia to Axpo Holding AG, an energy company in Switzerland, …

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• 18 August

  India considering 50% Iran oil cut to win US waiver

  

  Bloomberg India, the second biggest crude customer for Iran, may cut its imports from the Islamic republic by half to secure a waiver from the US to continue with shipments, people familiar with the matter said. Officials from the US had discussed the issue of a conditional waiver on sanctions in talks last month in New Delhi, the people said. …

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• 18 August

  UK needs energy storage to cope with climate goal

  Bloomberg Meeting Britain’s 2050 climate goals will require the nation to wean itself off using natural gas for heating, but the nation’s electricity system probably won’t cope unless thermal storage technology improves. Reducing greenhouse gas emissions from the heating sector is “one of the toughest challenges the country faces in its low-carbon transition,” according to a report published by the …

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• 18 August

  Walmart bounces back with best sales in about a decade

  

  Bloomberg Walmart Inc. bounced back from a lackluster start to the year with the strongest sales gain in more than a decade fueled by its grocery business, brightening the outlook for the overall retail sector. The stock jumped as much as 11 percent, the most intraday since October 2008. Comparable sales at US Walmart stores rose 4.5 percent in the …

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