May, 2019

• 14 May

  S&P 500 futures and Europe stocks jump; havens dip

  

  Bloomberg US equity futures rose alongside European stocks on Tuesday, shrugging off losses in Asia as investors assessed the prospects for global trade in the wake of a brutal start to the week for markets. Haven assets including Treasuries, gold and the yen slipped. Contracts on the S&P 500, Dow Jones Industrial Average and Nasdaq 100 indexes all rallied after ...

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• 14 May

  Dubai stocks, top gainer in just a day

  

  Bloomberg Investors in Dubai’s equities might be feeling whiplash after the main index became the biggest gainer in back-to-back sessions, in response to shifting news on regional tensions and local stocks’ presence in global benchmarks. The DFM General Index advanced 3.5% on Tuesday, gaining more than any other major market tracked by Bloomberg. The Tuesday revival was sparked by MSCI ...

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• 14 May

  India’s Sensex advances to snap losing streak

  Bloomberg Indian stocks advanced, snapping their longest stretch of losses since February, as some investors felt nine days of declines to be excessive. The S&P BSE Sensex climbed 0.6% to 37,318.53 in Mumbai after falling as much as 0.4% earlier in the session. That avoided the longest ever losing streak for the benchmark gauge. The NSE Nifty 50 Index gained ...

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• 14 May

  Fed needs time to weigh trade war impact

  

  Bloomberg Federal Reserve Bank of Boston President Eric Rosengren said it’s too early to tell whether the escalating trade war and the resulting financial market reaction will last long enough to hurt the US economy and alter monetary policy. “It’s a little premature to think about the outlook” for the economy, Rosengren said in an interview in Boston. “This is ...

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• 14 May

  Deutsche Bank, UBS asset management deal talks stall over majority control issue

  

  Bloomberg Deutsche Bank AG and UBS Group AG’s talks on combining their asset management businesses to create a European powerhouse have stalled, according to people familiar with the matter. A deal is now seen as increasingly unlikely after disagreements emerged over who would retain majority control of the combined entity, the people said, asking not to be identified as the ...

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• 14 May

  Central banks use blockchain for 1st time to swap currency

  Bloomberg The Bank of Canada and Monetary Authority of Singapore have sent each other digital currencies using blockchain technology, marking the first such successful trial between two central banks. The pair have been collaborating on the use of distributed ledger technology and central bank digital currencies to make the cross-border payments process cheaper, faster and safer, they said in a ...

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• 14 May

  ECB high-flier Benoit Coeure could be third time unlucky in presidency bid

  

  Bloomberg Benoit Coeure is possibly the best-qualified candidate to be the next European Central Bank president, but that may not be enough. The Frenchman has played a key role implementing the ECB’s crisis measures in almost eight years as a board member. With a stellar career and education, officials often cite him as the bank’s preferred option and one of ...

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• 14 May

  Swedish inflation back at target in relief to Riksbank

  

  Bloomberg Swedish inflation was back at the target in April, bringing comfort to the Riksbank as it struggles to bring interest rates back above zero after years of extreme monetary policy. Consumer prices with a constant interest rate rose an annual 2.0% in April, according to Statistics Sweden. That was in line with the 2.0% predicted in a survey of ...

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• 14 May

  Billionaire Schwartz finally lands an airline with WestJet

  

  Bloomberg Nearly 20 years after abandoning his hostile bid for Air Canada, Gerry Schwartz finally got his airline by agreeing to buy WestJet Airlines Ltd for C$3.5 billion ($2.6 billion). Schwartz’s private equity firm Onex Corp agreed to pay cash for Canada’s second-biggest carrier, and plans to take the company private in one of the buyout firm’s biggest deals. Onex ...

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• 14 May

  Amazon launches click-and-collect counters in UK, Italy

  

  Bloomberg Amazon.com Inc is launching a delivery option that will let customers retrieve parcels from staffed counters at UK and Italian retailers, aiming to take advantage of the popularity of click-and-collect services across Europe. The US online retailer has struck a partnership with Next Plc to operate the counters at the apparel chain’s more than 500 outlets across Britain, where ...

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