October, 2017

• 16 October

  Some ECB members see €2.5 trillion QE limit

  

  Bloomberg Some European Central Bank (ECB) policy makers see room for little more than 200 billion euros ($235 billion) of purchases under the institution’s bond-buying programme next year, according to central-bank officials familiar with the matter. The ECB is likely to run out of available debt under current rules at just over 2.5 trillion euros, the officials said, asking not …

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• 16 October

  Cryptocurrency surges past $5,000 mark

  

  Bloomberg Bitcoin bubble or just the beginning? Or both? Those are the questions being asked on Wall Street to Main Street after the digital currency breached $5,000 for the first time, pushing this year’s gains to more than fivefold. As recently as December, bitcoin was trading at less than $1,000. Since then, it has dodged everything from tightening regulations, feuding …

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• 16 October

  Kenya signals slightly lower growth outlook

  

  Bloomberg Kenya’s central bank may slightly lower its 2017 economic growth forecast to reflect uncertainty from this month’s unexpected presidential election do-over, said Governor Patrick Njoroge. “The growth rate won’t be as strong as we expected, but I don’t think we can say that we’ve gone over the precipice,” Njoroge said in an interview in Washington on Saturday, where he …

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• 16 October

  Carney’s countdown to BOE rate hike faces crunch week

  

  Bloomberg Mark Carney is heading into a crucial week in the countdown to a possible Bank of England (BOE) rate increase in early November. After the International Monetary Fund (IMF) meetings where most central bankers fretted about weak inflation even amid robust global growth, the governor returns to an economy that’s almost the mirror opposite. While Brexit is weighing on …

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• 16 October

  Philippine central bank governor sees no need to rise interest rates

  Bloomberg Philippine central bank Governor Nestor Espenilla said contained inflation means there isn’t a need to increase interest rates in the near term. “Right now there is no need to move policy rates looking at the inflation outlook,” Espenilla said in Washington where he was attending the annual International Monetary Fund meetings. “It might be too much of an anticipation …

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• 16 October

  Bombardier explores strategic options for aerospace assets

  

  Bloomberg Bombardier Inc. is seeking investors for its aerospace businesses and considering a sale of some operations, people familiar with the matter said, as a turnaround plan at the Canadian planemaker faces pressure from potentially crippling US tariffs on its marquee jetliner. The Montreal-based manufacturer is studying the disposal of assets including its Q400 turboprop and CRJ regional-jet unit, said …

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• 16 October

  Warburg-backed Vincom Retail draws GIC to $680mn IPO

  

  Bloomberg Vincom Retail JSC, the Vietnamese mall operator backed by Warburg Pincus, has started taking investor orders for a domestic initial public offering that could raise as much as $680 million. Existing shareholders including Warburg Pincus and Credit Suisse Group AG are offering a combined 380.2 million shares at 37,000 dong to 40,600 dong apiece, according to terms for the …

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• 16 October

  Hainan Airlines to increase stakes in three carriers

  

  Bloomberg Hainan Airlines Holding Co., a unit of China’s HNA Group Co., moved to increase its stakes in three domestic carriers for 5.6 billion yuan ($850 million), continuing a buying spree as Beijing steps up scrutiny of the parent company’s acquisitions. Hainan Airlines plans to buy 10.3 percent of China Xinhua Airline Group Co., 37.6 percent of Changan Airlines and …

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• 16 October

  Taco Bell wants to sell clothes

  Bloomberg Taco Bell took over the fashion district in Los Angeles. Yes, the same Taco Bell that serves up double-decker taco supremes and chicken chalupas held a full-fledged runway show. The show was put on to promote Taco Bell’s new fashion collaboration with Forever 21. Quirkiness is a signature of the fast-food chain, which often uses odd marketing to stay …

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• 16 October

  Gucci commits to fur-free collections

  

  Bloomberg Italian fashion house Gucci plans to drop animal fur from its collections, showing how concerns about responsible business practices that originated with the Birkenstock brigade have galvanised an industry known for its celebration of excess. The Milan-based maker of $1,000 fur-lined slippers, part of French luxury conglomerate Kering, will sell its remaining fur items in a charity auction, the …

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