January, 2019

• 21 January

  China quietly cuts borrowing costs

  

  Bloomberg The People’s Bank of China has been quietly guiding interbank borrowing costs down without actually cutting official interest rates, with the latest move a record one-day injection of cash into the market. The central bank pumped a net 1.14 trillion yuan ($169 billion) into the financial system through open-market operations so far, with one say’s operation the biggest one-day ...

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• 21 January

  Goldman sees India rate cut next month

  

  Bloomberg Goldman Sachs Group Inc expects India’s central bank to cut interest rates by a quarter percentage point in February, the latest to add its voice to a chorus of calls for monetary policy easing. The Wall Street bank said lower inflation projections, and expectations of a slower pace of US policy rate hikes prompted it to shift its call ...

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• 21 January

  Central banks’ window to restock ammunition is closing

  

  Bloomberg The window to restock monetary ammunition is closing for the world’s major central banks. With economic growth slowing and inflation lagging in big economies like the US and euro area, a push to escape crisis-era policy settings that include rock bottom interest rates appears at risk of stalling. That will leave less firepower to fight off the next economic ...

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• 21 January

  Tiffany & Co discovers oasis in China where Apple stumbles

  

  Bloomberg While Chinese shoppers may not be buying much Tiffany jewellery in New York City these days, it appears they’re happy to open their wallets in Beijing. That’s a trick Apple Inc. hasn’t been able to pull off. Tiffany & Co, whose overall holiday sales fell flat, reported double-digit sales growth in mainland China in the final two months of ...

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• 21 January

  Airline meals stockpiled over Brexit border fears

  

  Bloomberg A hard Brexit could bring queues at airports and put a brake on new routes, but airline passengers should at least be able to chow down on an in-flight meal. With concerns growing that a no-deal split will snarl traffic at UK ports, stalling the flow of goods, the world’s biggest caterer to the aviation industry has begun to ...

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• 21 January

  Heathrow remains Europe’s busiest airport, says report

  

  Bloomberg London Heathrow airport held onto its status as Europe’s busiest hub last year with a pack of four challengers almost neck-and-neck in the competition for second place, data compiled by Bloomberg show. Moscow Sheremetyevo joined the regional top 10 at the expense of Rome’s Fiumicino terminal, spurred by a surge in soccer fans attending the World Cup finals, and ...

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• 21 January

  Debenhams holds talks with landlords to cut store rents

  Bloomberg Debenhams Plc is in talks with landlords to negotiate rent cuts as the UK department-store chain seeks to ease the burden of its store portfolio, FT reported, citing unidentified people familiar with the matter. British Land Co and Intu Properties Plc have the largest exposure to the retailer, the newspaper reported, citing data from Colliers International. FT said Debenhams ...

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• 21 January

  Airport wait times turn longer over ‘shutdown’

  Bloomberg Travellers may see longer wait times at US security checkpoints — particularly at New York area airports and major hubs like Chicago — due to fewer TSA agents reporting for work as the government shutdown stretches into its 30th day. Unscheduled absences for TSA employees climbed to 8 percent on Saturday versus 3 percent a year ago, with some ...

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• 21 January

  The nicest Sears you’ve ever seen isn’t owned by Sears

  

  Bloomberg You walk into a shiny, new two-floor Sears store in a buzzing, bright shopping center in one of the world’s busiest cities, passing designer garb encased in pink LED lighting while the scent of Bulgari and Cartier perfume wafts past. Shoppers browse for XOXO handbags and Levi’s 501 jeans under large chandeliers and golden baroque flourishes. Sears stores here ...

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• 20 January

  Abu Dhabi energy forum facilitates $10.5bn deals

  

  ABU DHABI / WAM The World Future Energy Summit (WFES) 2019, a key enabler of Abu Dhabi Sustainability Week, has facilitated deals valued at $10.5 billion to be implemented across 20 countries during its four-day run at the Abu Dhabi National Exhibition Centre. The event saw a consortium led by Masdar and France’s EDF win a tender to build a ...

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