April, 2019

• 28 April

  Funds turn bullish on worst-performing New Zealand dollar

  

  Bloomberg These are troubling times for the New Zealand dollar but a whiff of optimism is in the air. The kiwi has been the worst-performing major currency over the past month, tumbling 3.6 percent, after the central bank said the next policy move was likely to be an interest-rate cut. Disappointing first-quarter inflation numbers helped speed its decline. The double ...

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• 28 April

  Central banks’ club of caution grows as bad news piles up

  

  Bloomberg Three months since the Federal Reserve put US interest rates on a prolonged pause, more and more central bankers around the world are getting nervous about tightening monetary policy. Policy makers across Asia, Europe and North America shifted their tones, with Sweden and Canada among them. The caution came in a week of fresh pessimism on the global outlook ...

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• 28 April

  Philippines rate cut a matter of timing as oil rises, says governor

  

  Bloomberg Philippines central bank Governor Benjamin Diokno said it is only a matter of timing as to when monetary policy is eased after last year’s series of interest-rate increases, even as authorities closely monitor oil prices. A rate cut at the May 9 policy meeting will depend on key data and the outlook on El Nino weather, Diokno said in ...

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• 28 April

  RBS slides on Brexit impact warning

  

  Bloomberg Royal Bank of Scotland (RBS) Group Plc tumbled after the state-backed lender said Britain’s slowing economy is likely to bite into income over the coming months. The bank’s shares fell as much as seven percent after it sounded the strongest warning yet on the impact of Brexit this year. The note of caution overshadowed the bank posting a better-than-expected ...

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• 28 April

  RBI ordered to disclose critical reports on banks

  

  Bloomberg India’s top court directed the central bank to disclose its inspection reports on lend-ers to allow people to gauge their health. The order was the “last opportunity” to avoid initiation of contempt proceedings against Reserve Bank of India (RBI) Governor Shaktikanta Das, a two-judge bench of the Supreme Court headed by Justice L.N. Rao ruled. The central bank will ...

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• 28 April

  Danske crisis: The blowback from putting ‘$230b’ in headline

  

  Bloomberg The financial regulator at the epicenter of Europe’s vast dirty money scandal says a key part of what really happened has been misunderstood. Danske Bank A/S became the modern-day poster child for Russian money laundering after it published a report in September that revealed a shocking number: $230 billion. Jesper Berg, the director general of the Financial Supervisory Authority ...

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• 28 April

  Amazon pledges one-day delivery in US

  

  Bloomberg Amazon.com Inc will spend $800 million in the current quarter to reduce delivery times for top customers to one day from two, trying to revive its main e-commerce franchise and ward off greater competition. The announcement came after the online retailer reported first-quarter profit that exceeded analysts’ estimates, demonstrating the company’s focus on cloud-computing, advertising, and other high-margin businesses ...

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• 28 April

  FAA to convene regulators’ summit on 737 Max safety

  

  Bloomberg The US Federal Aviation Administration (FAA) next month will brief international aviation regulators on the agency’s work evaluating when the Boeing Co 737 Max can return to service, which some countries have signalled they intend to decide on their own. The FAA called the May 23 meeting “to provide participants the FAA’s safety analysis that will inform its decision ...

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• 28 April

  Carrefour organic food helps cope with ‘woes’

  

  Bloomberg Carrefour SA’s growing sales of organic food helped the French retailer make up for continued weakness in its non-grocery business in the first quarter. Comparable sales rose 2.7 percent to $22.4 billion, the company said, a result that met analysts’ estimates. Growing sales of organic food are boosting Chief Executive Officer Alexandre Bompard’s effort to revamp the company’s sprawling ...

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• 28 April

  Southwest CEO hints ‘affair with 737’ may end soon

  

  Bloomberg Southwest Airlines Co built its low-cost model on the efficiencies of flying a single plane, the Boeing Co 737. Now the carrier’s chief executive officer is cracking open the door to the idea that nothing lasts forever. In the aftermath of the second deadly crash of the new Max model and a global grounding of the plane, Southwest CEO ...

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