June, 2018

• 3 June

  It didn’t feel like it, but May was a win for US equity bulls

  

  Bloomberg Beset with political drama in Italy, trade angst in China, a surging dollar, a plummeting Treasury yield and weakening economic data in Europe, equity investors in the US still managed to muddle through. In fact, as far as Mays go, this was a good one, the best for the S&P 500 Index since the bull market began. The benchmark ...

  Read More »
• 3 June

  Digital token sales topped 2017’s record pace

  

  Bloomberg So much for the backlash against initial coin offerings. Sales of digital tokens by technology companies this year have already surpassed the record amount raised in all of 2017 even as government officials from China to the US clamp down on offerings and incidents of fraud continue. Block.one, a Cayman Islands-based startup that’s behind the EOS token, is on ...

  Read More »
• 3 June

  BOJ cuts bond purchases in test of yen speculators

  

  Bloomberg The Bank of Japan cut purchases of bonds for the first time since February, taking advantage of a global slide in yields brought on by political risks in Europe and trade tensions. The BOJ trimmed buying of debt maturing in the five-to-10 year zone by 20 billion yen ($183 million) to 430 billion yen at the regular operation. While ...

  Read More »
• 3 June

  Wells Fargo’s fake account holders to get ‘imperfect’ closure

  

  Bloomberg Wells Fargo & Co. customers who didn’t consent to having 3.5 million accounts created by bankers trying to hit sales quotas are finally getting what a judge called “rough justice.” US District Judge Vince Chhabria agreed to issue final approval for a $142 million class-action accord that will pay an average of $35 for account holders at the center ...

  Read More »
• 3 June

  More policy tightening could be in store for Indonesia to buoy rupiah

  

  Bloomberg Indonesia’s second interest-rate increase in two weeks may be followed by more policy tightening to stem a slide in the rupiah amid an ongoing rout in emerging markets. While the rupiah strengthened for a fifth day, the central bank isn’t in the clear yet. Much will depend on geopolitical events — from snap elections in Italy to ongoing trade ...

  Read More »
• 3 June

  Eurobank eyes new bond of 500mn euros

  

  Bloomberg Eurobank Ergasias SA may issue new bonds in 2018 and is also crafting a new plan to reduce its exposure to bad loans for period after 2019. The Athens-based lender issued a covered bond in 2017, its first return to debt capital markets since 2014. “We’re considering issuance of another covered or senior bond during the course of 2018,” ...

  Read More »
• 3 June

  Deutsche Bank’s slow bleed continues as a pivotal month begins

  

  Bloomberg Deutsche Bank AG just ended a roller-coaster week. June doesn’t look any less harrowing. Shares of Europe’s largest investment bank are trading near a record low, as short sellers pile on and credit derivative traders once again signal doubts about the firm’s health. It’s part of a painful pattern for the bank and its investors: Another spate of bad ...

  Read More »
• 3 June

  Airbus’ secret to making only seven of its ultra-long-haul jets

  

  Bloomberg Airbus SE has seen widespread popularity for its newest A350 long-haul aircraft. But only one carrier, Singapore Airlines Ltd., has found the need for an ultra long-range version of the A350 that can fly almost 10,000 miles, from New York City to Southeast Asia—nonstop. Airbus completed the first test flight of the ULR version on April 23 as part ...

  Read More »
• 3 June

  Airbus favoured for $6.6 billion Vistara order

  

  Bloomberg Airbus SE is favoured to pull in an order from Singapore Airlines Ltd. affiliate Vistara for as many as 60 new-engine single-aisle airliners to gain a stronger foothold in the booming Indian market, according to people familiar with the negotiations. The airline is leaning towards buying the A320neo jets after a contest with Boeing Co.’s 737 Max model, according ...

  Read More »
• 3 June

  Boeing pushing for open, fair trade as US slaps metals tariffs

  

  Bloomberg Boeing Co. said it will push for open and fair trade after President Donald Trump announced duties on steel and aluminum imports from some of America’s allies on national security grounds. “We’ve done a preliminary analysis and we don’t see it having a material effect on our financials,” sales chief Randy Tinseth said in an interview during a gathering ...

  Read More »