July, 2018

• 21 July

  Banks use mobile apps to go after customers

  

  Bloomberg Banks are going even more mobile. US Bancorp this week was the latest to say it will build a nationally available checking-account product as lenders introduce mobile offerings that let consumers do their full banking without a branch. The move follows similar announcements by some of the country’s largest banks including JPMorgan Chase & Co., Citigroup Inc. and PNC ...

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• 21 July

  Nordea profit tops estimates in Q2

  

  Bloomberg The Nordic region’s biggest bank reported profit in the second quarter that exceeded market estimates, and committed to a forecast that it will make more money in 2018 than it did last year. Nordea Bank AB saw net income grow to 1.09 billion euros, just beating the 1.05 billion-euro estimate in a Bloomberg survey of analysts, according to a ...

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• 21 July

  Citigroup ‘hiring’ for Japan brokerage push

  

  Bloomberg Citigroup Inc. is expanding its Japan prime brokerage business serving global hedge funds by hiring four people from rivals including Deutsche Bank AG. Two of the recruits will take up newly created positions, division head Toshikatsu Furumi said in an interview. They are Thomas Morrison, who will join from Deutsche Bank in September as head of financial resource management, ...

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• 21 July

  Argentina central bank chief ditches press

  Bloomberg Argentine Central Bank President Luis Caputo ditched a traditional press conference about monetary policy and instead held a question-and-answer session — with his own staff. It was the central bank’s first quarterly monetary policy report under Caputo, who took over the helm of the institution on June 14. His predecessor, Federico Sturzenegger, used to hold a press conference with ...

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• 21 July

  Currency war threatens to ripple across global markets

  

  Bloomberg The currency war has arrived. So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market. US President Donald Trump took to Twitter to accuse China and the European Union of “manipulating their currencies and interest rates lower.” The comments came after the yuan plunged past 6.80 per dollar for the first time in a year ...

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• 21 July

  Boeing scores over Airbus with $79bn haul at air show

  

  Bloomberg Boeing Co. edged out Airbus SE to claim a sales victory at the Farnborough air show as its European rival failed to land an anticipated 100-jet order amid a flurry of late deals at the year’s biggest aviation expo. The US company ended the showafter booking new business worth $79 billion from orders and outline commitments involving 528 jetliners, ...

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• 21 July

  EasyJet lifts profit by making it simpler for fliers to upgrade

  

  Bloomberg EasyJet Plc is making it easier for customers to hand over their money. The UK budget carrier raised its 2018 profit guidance, in part because more passengers are paying extra for allocated seating and check-in bags. That’s been encouraged by a website overhaul that’s made it less difficult to book those options. EasyJet shares advanced as much as 5.1 ...

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• 21 July

  JetBlue eliminates jobs in $300mn cost-cutting step

  

  Bloomberg JetBlue Airways Corp. is eliminating an unspecified number of jobs in the latest phase of its campaign to cut as much as $300 million from operating costs by 2020. The reductions follow a reorganisation of certain teams within the airline to streamline operations, the carrier said in a statement. JetBlue declined to say how much it will save with ...

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• 21 July

  Amazon’s Prime Day evolves to become must-shop event

  

  Bloomberg Amazon.com Inc.’s fourth annual Prime Day event lured shoppers from around the world, highlighting the promotion’s evolution from a rummage sale of obscure products to 36 hours of discounts on major brands such as Samsonite luggage, Callaway golf clubs and General Mills cereals. It’s a sharp contrast from the first Prime Day in 2015, when customers kvetched on social ...

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• 21 July

  Trump ready to slap duties on $500 billion Chinese imports

  

  Bloomberg President Donald Trump said he’s ‘ready to go’ with $500 billion in tariffs on Chinese imports, saying the US has been taken advantage of for too long. “I’m not doing this for politics. I’m doing this to do the right thing for our country,” Trump said in a CNBC interview. “We are being taken advantage of and I don’t ...

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