September, 2019

• 10 September

  Ex-chief Brexit negotiator to join Goldman Sachs

  Bloomberg Few geopolitical events have distracted global banks more than the endless twists and turns of Brexit. Now, Goldman Sachs Group Inc is hiring a former public servant steeped in the UK’s attempts to sever itself from the European Union. Olly Robbins, who was former Prime Minister Theresa May’s chief Brexit negotiator, plans to join the US bank as a ...

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• 10 September

  Facebook sees Libra tied to US dollar, euro, yen but maybe not China’s yuan

  

  Bloomberg Facebook Inc told US senators that the initial basket of currencies that will back its Libra cryptocurrency will likely include the US dollar, euro, yen, British pound and Singapore dollar. The list responds to concerns from Virginia Democratic Senator Mark Warner that China may push the Libra Association to include the yuan in the so-called stable coin, which Facebook ...

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• 10 September

  Ally, AmEx cut deposit rates after Fed moves

  

  Bloomberg Online banks have been more aggressive than their established rivals in attracting customers with high deposit rates. Now that rates are falling, they’re quicker to cut as well. Ally Financial Inc and American Express (AmEx) Co lead the pack in lowering rates across deposit products, Credit Suisse Group AG analysts led by Moshe Orenbuch said in a note. Ally ...

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• 10 September

  Citi warns trading revenue to decline, BofA is ‘doing OK’

  

  Bloomberg Citigroup Inc trading revenue is set to drop this quarter amid volatility that gripped markets for most of August, while a top Bank of America Corp executive said his traders are “doing OK” in the period. Investment-banking revenue at Citigroup is also likely to decline from a year earlier, Chief Financial Officer Mark Mason said at an investor conference. ...

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• 10 September

  Cathay’s crisis puts focus on Air China’s next move

  

  Bloomberg China’s crackdown on Cathay Pacific Airways Ltd has raised questions about the government’s insider at the carrier: Air China Ltd. State-run Air China has quietly owned almost 30 percent of Cathay for more than a decade, giving the national flag carrier a ringside view of the Hong Kong airline’s worldwide operations. Restrictions imposed on Cathay by China’s aviation regulator ...

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• 10 September

  Kenya Air to cut flights amid pilot-hiring tussle

  

  Bloomberg Kenya Airways Plc said it will cut flights in the next few weeks because cancellations, resulting from a shortage of pilots, cost the carrier an estimated $50 million annually. The airline has 435 pilots but requires 497, Director of Operations Paul Njoroge said in a letter to the Kenya Airline Pilots Association (Kalpa), a copy of which Bloomberg has ...

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• 10 September

  British Airways pilot strike holds firm as its union calls for talks

  

  Bloomberg British Airways pilots forced the cancellation of almost all flights on the second day of a strike on Tuesday as their union called on management to make new pay proposals to resolve the dispute. The unit of IAG SA — which says the walkout is costing it about $49 million a day — scrubbed more than 1,600 departures and ...

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• 10 September

  Climate change to affect US retail worker pay: Fed

  Bloomberg Climate change may lead to large swings in the incomes of US retail workers, according to a new study published by the Federal Reserve. In the analysis published this month, Fed economist Brigitte Roth Tran suggested that income inequality could increase as retail employees whose pay or hours are tied to sales find their work affected by more volatile ...

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• 10 September

  Amazon brings Prime programme to Brazil to beat local rivals

  

  Bloomberg Amazon.com Inc is bringing its Prime membership programme to Brazil in an effort to leapfrog competitors and gain traction in a country where it has been expanding slowly but surely. To start, Amazon Prime Brazil will be a scaled-down version of the US subscription service, offering free unlimited shipping for about 500,000 products out of the 20 million Amazon ...

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• 9 September

  International tourism up 4% in H1, reports WTO

  SAINT PETERSBURG / WAM International tourist arrivals grew 4 percent from January to June this year, compared to same period last year, according to the latest UNWTO World Tourism Barometer published ahead of 23rd World Tourism Organisation General Assembly. Growth was led by the Middle East (+8 percent) and Asia and the Pacific (+6 percent). International arrivals in Europe grew ...

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