March, 2018

• 21 March

  ECB faces year of living uncertainly after QE end

  

  Bloomberg The European Central Bank is on a slow walk towards concluding four years of quantitative easing, and that challenge might look easy compared with what comes next. While policy makers are comfortable with market expectations for bond purchases to end this year, the bigger specter of 2019 looms large. That’s when the Governing Council might dare to actually withdraw ...

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• 21 March

  Nordea says its $400bn wealth business is hiring

  Bloomberg Nordea Bank AB may be cutting thousands of jobs to go digital, but in its wealth management business, it’s hiring. The bank, which is moving its headquarters to Finland from Sweden for regulatory reasons, has hired about 75 people over the past year to help run its $400 billion wealth unit, according to its head, Snorre Storset. “Wealth management ...

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• 21 March

  Airbus considering A330neo cargo model targeting Amazon

  

  Bloomberg Airbus SE is considering building a freighter version of its slow-selling A330neo wide-body, spurred by requests from potential customers Amazon.com Inc and United Parcel Service (UPS) Inc., according to people familiar with the matter. The interest from Amazon and UPS could rekindle a competition between Airbus and Boeing Co. as the global air-cargo market rebounds from a decade-long slump. ...

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• 21 March

  Amazon mulls buying few Toys ‘R’ Us stores

  

  Bloomberg Amazon.com Inc. has looked at the possibility of expanding its retail footprint by acquiring some locations from bankrupt Toys ‘R’ Us Inc., according to people with knowledge of the situation. The online giant isn’t interested in maintaining the Toys ‘R’ Us brand, but has considered using the soon-to-be-vacant spaces for its own purposes, said the people, who asked not ...

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• 21 March

  Ryanair buys Niki Lauda airline in rare foray into dealmaking

  

  Bloomberg Ryanair Holdings agreed to buy an Austrian airline from former Formula One motor-racing champion Niki Lauda, only the second acquisition in the Irish carrier’s history. The low-cost giant will pay Lauda less than $61.7 million for a majority stake in LaudaMotion, which retook control of carrier Niki just two months ago following the insolvency of Air Berlin. The aviation ...

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• 21 March

  Britain’s John Lewis opens new store amid retail restructuring

  

  Bloomberg British retailer John Lewis Partnership Plc is opening its 50th department store in London amid a spate of retail restructurings and outright collapses. In a bid to draw in shoppers, it’s doubling down on everything it says Amazon.com Inc. can’t do. The employee-owned retailer wants to build more personalised relationships with its customers through concierge-style services and educational sessions ...

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• 20 March

  Stocks recover from technology sell off; yields rise, oil climbs

  

  Bloomberg Energy-related companies led a rise in US stocks as equity markets looked to shrug off weakness in technology. Government bond yields increased as investors braced for higher US borrowing rates. Oil climbed to a two-week high as output curbs by OPEC and its allies continued to deplete the remnants of a global supply surplus, helping to lift the shares ...

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• 20 March

  Financial stocks largest gainers in Saudi market

  

  Reuters The region’s biggest market, Saudi Arabia, was up 0.2 percent with financial stocks among the largest gainers ahead of an expected decision by FTSE at the end of this month to include Riyadh in its secondary emerging market index. Al Rajhi Bank, the kingdom’s second largest bank by assets, rose 1.7 percent, while Saudi British Bank was up 2.3 ...

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• 20 March

  As VIX surged again, traders bet on Credit Suisse leveraged note

  Bloomberg During the equity rout, investors were not only back to betting on volatility’s return, they were doing so using a leveraged security from the firm at the nexus of last month’s stock selloff. As a jump in the VIX spurred activity across volatility-related securities, the exchange-traded product that had the highest volume was the VelocityShares Daily 2x VIX Short ...

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• 20 March

  Aldar, Emaar to launch projects worth $8.2bn

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday attended the announcement of a joint venture between Aldar Properties and Emaar ...

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