July, 2018

• 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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• 21 July

  G-20 draft cites growing trade tension, diplomatically

  

  Bloomberg Delegates at the Group of 20 meeting of finance ministers and central bank chiefs began the delicate task of addressing growing trade tensions without upsetting US President Donald Trump. Negotiators drafting the summit’s final statement in Buenos Aires worked on language that would reiterate a positive global economic outlook while highlighting risks, including the escalating dispute over trade, according ...

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• 21 July

  EU prepares to retaliate over car tariffs before Trump talks

  

  Bloomberg The European Union (EU) is preparing a new list of American goods to hit with protective measures if a mission to Washington fails to persuade US President Donald Trump not to raise levies on car imports. “If the US would impose these car tariffs that would be very unfortunate but we are preparing together with our member states a ...

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• 21 July

  Canada’s economy strengthens in Q2

  Bloomberg Canada’s economy is proving increasingly robust in the second quarter, with inflation and retail sales coming in ahead of economists’ expectations. The consumer price index rose at an annual pace of 2.5% in June, the fastest year-over-year acceleration since 2012, Statistics Canada said. Economists in a Bloomberg survey anticipated a 2.3% increase. In a separate report, the agency said ...

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