January, 2019

• 23 January

  Norges Bank seen sticking to a rate increase in March

  

  Bloomberg Norway’s central bank is seen sticking to the script this week to slowly lift interest rates as it assesses the first tightening in more than seven years. Policy makers in Oslo will leave the benchmark rate at 0.75 percent when they announce their decision on Thursday, according to all economists surveyed by Bloomberg. The meeting is in between monetary ...

  Read More »
• 23 January

  BOJ keeps monetary policy unchanged

  

  Bloomberg The Bank of Japan left monetary policy unchanged as it cut its inflation outlook once again, underscoring how far away its price target is and how few options the central bank has for drawing closer. The BOJ maintained its yield curve-control program and asset purchases, it said in a statement on Wednesday, a result predicted by all but one ...

  Read More »
• 23 January

  South Africa inflation reaches mid-point of top bank target

  Bloomberg South Africa’s inflation rate reached the mid-point of the central bank’s target range of 3 percent to 6 percent in December — something the Reserve Bank says would allow for flexibility in dealing with price shocks. Consumer-price growth slowed to 4.5 percent from a year earlier compared with 5.2 percent in November, the Pretoria-based Statistics South Africa said in ...

  Read More »
• 23 January

  Shutdown deprives Fed of data it’s dependent on

  

  Bloomberg Just when the Federal Reserve most needs fresh data to keep its policy in sync with the US economy, the government shutdown is getting in the way. Timely information on economic growth, jobs, consumer spending and inflation is always crucial to monetary policy making. Now, the longest shutdown on record is blocking the collection and reporting of many of ...

  Read More »
• 23 January

  Boeing’s $44bn tanker may miss a milestone by 3 years

  

  Bloomberg Boeing Co’s first aerial refuelling tanker in a $44 billion programme is scheduled to land on Friday at an Air Force base in Kansas for a celebration tempered by what now may become a delay of at least three years in meeting its most important milestone. A ceremony is planned for the arrival of the KC-46 at McConnell Air ...

  Read More »
• 23 January

  Philippine Airlines owner’s stocks soar on new ‘ANA report’

  

  Bloomberg Philippine Airlines Inc’s largest shareholder jumped the most in more than five years after the Nikkei reported ANA Holdings Inc is considering investing in the Southeast Asian carrier. ANA, Japan’s biggest airline, is considering purchasing 10 percent of Philippine Airlines for 10 billion yen ($91 million), the Nikkei reported. PAL Holdings Inc, which owns most of Philippine Airlines, closed ...

  Read More »
• 23 January

  Spirit Air sees decision on adding smaller jets

  

  Bloomberg Spirit Airlines Inc is targeting a decision by the middle of the year on its next order of single-aisle jets as the carrier prepares its expansion plans over the next five years. The heavy discounter is talking to each of the major manufacturers, Airbus SE, Boeing Co and Embraer SA, Chief Financial Officer Scott Haralson said on the sidelines ...

  Read More »
• 23 January

  Lowe’s NFL marketing push kicks off in rival’s backyard

  

  Bloomberg Lowe’s Cos, looking to gain an edge on Home Depot Inc, is teaming up with the National Football League (NFL) in a sponsorship deal that kicks off in its competitor’s hometown. The chain is now the league’s official home-improvement retail sponsor, capitalising on the run-up to next month’s Super Bowl in Atlanta. Lowe’s will place billboards along the city’s ...

  Read More »
• 23 January

  Patek Philippe may come up for sale: analysts

  Bloomberg Patek Philippe, the closely held maker of $10,000-plus Calatrava watches, may be coming up for sale, according to analysts at Berenberg who cited industry talk. The 180-year-old Swiss watchmaker could fetch 7 billion to 9 billion euros ($8 billion to $10 billion), analysts led by Zuzanna Pusz wrote in a note. Patek Philippe has been owned by the Stern ...

  Read More »
• 23 January

  Flights resume at Newark Airport after drone sighted nearby

  

  Bloomberg Flights at Newark Liberty International Airport were briefly halted after a drone was spotted flying nearby in an episode reminiscent of the ones that disrupted traffic at London’s major facilities in recent months. The device was spotted over nearby Teterboro Airport north of Newark at an altitude of 3,500 feet, Federal Aviation Administration (FAA) spokesman Greg Martin said. The ...

  Read More »