August, 2019

• 4 August

  Deutsche Bank tech issue causes six-hour email outage in US

  

  Bloomberg Deutsche Bank AG, which has been working to improve its technology, faced a systems outage in which email was unavailable for thousands of employees. “Earlier, we experienced an email outage that impacted DB employees in the Americas region. We have since resolved the issue and restored access for employees,” Deutsche Bank spokesman Troy Gravitt said in a statement. Trading ...

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• 4 August

  Swiss Franc hits highest level against euro in two years

  Bloomberg The Swiss franc advanced to its strongest level against the euro since 2017 after US President Donald Trump escalated trade tensions with China and fueled demand for haven currencies. The franc dipped below the crucial 1.10 threshold against shared currency, which analysts at Commerzbank think could prompt the Swiss National Bank to intervene and curb the currency’s appreciation. Investors ...

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• 4 August

  French lenders nurse huge losses on loans to retail giant

  

  Bloomberg Credit Agricole SA and Natixis SA are among French lenders nursing losses on loans made to Rallye SA and other parent companies of retailing giant Casino Guichard-Perrachon SA, which are creaking under more than 3 billion euros ($3.3 billion) of debt. Natixis made a provision for credit losses of 110 million euros in the second quarter because of its ...

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• 4 August

  Royal Bank of Scotland drops as gloom about Brexit deepens

  

  Bloomberg Royal Bank of Scotland Group Plc(RBS) slid as the state-controlled lender indicated it’s unlikely to reach key profitability targets next year given the political and economic tension around Brexit. Outgoing Chief Executive Officer Ross McEwan blamed an “uncertain and competitive environment” as the bank reported second-quarter net interest income that missed analysts’ estimates. The bank said it’s very unlikely ...

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• 4 August

  BOE’s Carney declines to say if he’s interested in top IMF job

  Bloomberg Bank of England (BOE) Governor Mark Carney dodged the question of whether he’d be interested in becoming the next head of the International Monetary Fund (IMF). “I wouldn’t mind doing something after I leave” the BOE at the end of January, “but I don’t know what I’m going to do next,” Carney said in an interview with BBC Radio ...

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• 4 August

  Irish central bank discusses Makhlouf row after furor

  

  Bloomberg Ireland’s central bank commission discussed how to contain any potential fallout from the controversy which engulfed its incoming governor, a person familiar with the matter said. In June, Gabriel Makhlouf, New Zealand’s top Treasury official at the time, escaped dismissal with a rebuke from authorities for failing to take responsibility for a security breach around sensitive budget information. He ...

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• 4 August

  Airbus, Embraer to face off for Aeromexico small-jet deal

  

  Bloomberg Grupo Aeromexico SAB is readying itself for a shopping spree to update its fleet of short-haul jets. Mexico’s sole legacy carrier is poised to choose this year between Embraer SA E195-E2 aircraft and Airbus SE A220 models, Chief Executive Officer Andres Conesa said. The order would potentially be for 60 planes to overhaul the existing regional fleet of Embraer ...

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• 4 August

  Walmart seeks to patent way for using digital coin

  

  Bloomberg Walmart Inc appears be pondering whether to test waters in the world of cryptocurrencies, following the steps of Facebook Inc. The retailing giant applied to patent a way to use a digital coin tied to a traditional fiat currency, which could allow for cheaper and faster transactions as well as loyalty features, according to a filing by the US ...

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• 4 August

  Ryanair threat on jobs extends to pilots at Lauda in Austria

  

  Bloomberg Ryanair Holdings Plc’s planned cull of pilots has reached the Irish group’s Austrian subsidiary, with workers there told that the positions of 30 flight-deck crews are at risk. Laudamotion Chief Executive Officer Andreas Gruber said in a letter to employees that the jobs will need to go if an agreement on savings and new flight rosters can’t be reached ...

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• 4 August

  Air Canada removes 737 Max flights until 2020

  Bloomberg Air Canada has removed the Boeing 737 Max from its schedule until January pending regulatory approvals, joining Southwest Airlines Co in scrapping plans for flights of the jetliner into 2020. Canada’s largest carrier said the grounded jets will reduce capacity and curb earnings growth in the third quarter, even as the company posted profit that beat analysts’ estimates for ...

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