January, 2018

• 13 January

  Dollar bears get warning as Asian banks put brake

  

  Bloomberg Dollar bears take heed: Asian central banks may be putting the brakes on the greenback’s slide. After working for three years to staunch the yuan’s slump, China is now moving to combat the opposite problem. The People’s Bank of China has stopped using a component of its daily fixing formula that had been widely interpreted as a tool to …

  Read More »
• 13 January

  Nainital Bank put up for sale by India lender

  

  Bloomberg Bank of Baroda, India’s third-largest state-run lender, is seeking to sell unit Nainital Bank Ltd. as it sheds non-core assets to bolster its balance sheet, people familiar with the matter said. A decision on the size of the stake to be sold will depend on approvals from the Indian central bank, the people said, asking not to be identified …

  Read More »
• 13 January

  Morgan Stanley counters bond bear market call

  Bloomberg Morgan Stanley countered Bill Gross’s call that Treasuries are in a bear market. “Don’t worry, Treasuries continue to offer value,” Morgan Stanley strategists Matthew Hornbach and Guneet Dhingra in New York wrote in a note. “This isn’t the bear market you’re looking for,” according to the firm, one of the 23 primary dealers that underwrite US debt securities. A …

  Read More »
• 13 January

  JetBlue delays fleet update as Boeing, Airbus eye small jets

  

  Bloomberg JetBlue Airways Corp. has delayed a decision on updating its fleet of regional jets as it watches a brewing rivalry between Boeing Co. and Airbus SE to gain sway in the market for smaller planes. The carrier had hoped to decide by the end of 2017 whether to keep its 60 Embraer SA E190s. But an Airbus agreement to …

  Read More »
• 13 January

  Heathrow Airport crams more flyers onto bigger jets

  

  Bloomberg London’s Heathrow airport, which has operated its two runways close to capacity since the start of the decade, managed to squeeze in 2.3 million more passengers last year as airlines deployed bigger planes and carried more people per flight. The traveller tally at the home base of British Airways increased 3.1 percent to 78 million even as the number …

  Read More »
• 13 January

  Jeju beats London, New York in busiest air route

  

  Bloomberg The world’s busiest air route isn’t London to Paris or New York to Los Angeles, but the trip between Seoul and a tiny island off the coast of South Korea. Planes made 65,000 trips between the Korean capital and Jeju island—a journey of little more than an hour—in 2017, equivalent to 178 flights a day, according to data from …

  Read More »
• 13 January

  Gucci opens restaurant where haute couture meets haute cuisine

  

  Bloomberg Fashion house Gucci dipped into the culinary scene with the luxe Gucci Osteria, a green-walled, 50-seat restaurant nestled inside the new Gucci Garden, an experiential museum-retail concept in the historic heart of Florence, Italy. The chef is Massimo Bottura, the Modena-based proprietor of three-Michelin-starred Osteria Francescana, in 2016 named the best restaurant in the world. Now fully open to …

  Read More »
• 10 January

  US stocks cut early losses by half, Treasuries fall with dollar

  

  Bloomberg US stocks cut early losses by more than half, though the S&P 500 Index remained on track for its first decline of the year as rate-sensitive shares slumped. Treasury yields rose and the dollar fell after Bloomberg reported Chinese officials were said to be wary of American government debt. Financial shares led rebound in American equities on speculation higher …

  Read More »
• 10 January

  Crypto mania turns mainstream as stock frenzy hits new phase

  

  Bloomberg It’s one thing for an iced-tea maker or a furniture company to reap massive returns simply by rebranding with blockchain or adding a digital currency, but now some household names are joining in on the craze. In the recent past, at least four companies with well-known brands have seen their stocks skyrocket after reports linked them to cryptocurrencies or …

  Read More »
• 10 January

  OPEC’s cheer over 2018 oil rally tinged by shale worries

  

  Dubai / Reuters Oil’s price rally this year to its highest since May 2015 may seem a source of glee for OPEC, but some in the producer group fear the gains could prompt shale companies to crank open their spigots and flood the market. Benchmark Brent crude rose further above $68 a barrel, supported by oil output cuts led by …

  Read More »