February, 2018

• 11 February

  Bank of Italy revises 2018 GDP forecast up

  

  Bloomberg The Bank of Italy expects the nation’s economy to expand in 2018 at the same pace as last year since monetary policy “is working” and the ongoing reduction of economic slack has strengthened confidence, Governor Ignazio Visco said. The central bank expects Italy’s gross domestic product will expand about 1.5 percent this year and should remain above 1 percent ...

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• 11 February

  Mexico raises key rate after inflation rises

  

  Bloomberg Mexico’s central bank raised its key interest rate as expected for a second straight meeting and signalled it will prioritise the peso’s inflation implications rather than moves by the Federal Reserve for its future decisions. Banco de Mexico’s board voted unanimously to lift borrowing costs a quarter point to 7.5 percent, a move forecast by 23 of 26 economists ...

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• 11 February

  Market swings aren’t worrying, but reforms needed: IMF’s Lagarde

  DUBAI / Reuters Sharp swings in global financial markets in the past few days are not worrying since economic growth is strong but reforms are still needed to avert future crises, the managing director of the International Monetary Fund said on Sunday. Christine Lagarde, speaking at a conference on global business and social trends in Dubai, said economies were also ...

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• 11 February

  ECB wakes up to risks bitcoin can pose to economy

  

  Bloomberg The European Central Bank has woken up to the risks digital currencies can pose to policy makers’ bread-and-butter business: the economy. “If you increasingly have bridges between the virtual world and the real world and then there is a collapse in this virtual world, it could drain liquidity from the real world,” Executive Board member Yves Mersch said in ...

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• 11 February

  Bank of Russia’s worry grows even with inflation vanquished

  Bloomberg The Bank of Russia is refocussing its sights on trying to support economic growth after inflation settled at the lowest level in the country’s modern history and geopolitical risks receded. While central banks tend to eschew efforts to look beyond their mandate, policy makers in Moscow appear willing to take on the challenge of economic growth head on. The ...

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• 11 February

  Airbus mulls raising output of A320 jets as demand soars

  

  Bloomberg Airbus SE is considering increasing production rates for its best-selling single-aisle A320 jetliners, as airlines around the world place orders for hundreds of planes to meet surging demand for air travel. “The success of the products is forcing us to look at any opportunities we can have to improve the rate,” Eric Schulz, Airbus’s new sales chief, told reporters ...

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• 11 February

  Boeing working with US to lift Vietnam’s Air safety rating

  

  Bloomberg Boeing Co. is working with the US and Vietnamese governments to lift the Southeast Asian nation’s aviation safety rating and help enable its state-run carrier to operate flights to as far as Los Angeles, an executive said. “Right now, they don’t have Category 1,” Dinesh Keskar, senior vice president of Boeing’s Asia Pacific and India sales, said in an ...

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• 11 February

  Bombardier sees sales pace picking up

  

  Bloomberg Bombardier Inc. has regained momentum on sales campaigns with its customers, after a US trade ruling in January blocked a proposed import duty on its planes, removing an uncertainty for a jet it spent $6 billion developing. “It’s been a big relief for the industry, it’s a great victory for competition, for innovation, for the rule of law,” Colin ...

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• 11 February

  Avon picks Unilever veteran as CEO

  

  Bloomberg Avon Products Inc named its first male chief executive officer in almost two decades, appointing Unilever veteran Jan Zijderveld to succeed Sheri McCoy as the cosmetics seller seeks to revive its business outside the US. Zijderveld, the Anglo-Dutch consumer-product giant’s European president, joins the door-to-door makeup seller after it split off its declining US business and moved its headquarters ...

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• 11 February

  Wanna beat Amazon in Spain! Start speaking Spanish

  

  Bloomberg How can regional startups compete with Amazon.com Inc. and Microsoft Corp. in the cloud-storage space? Look for small clients, speak Spanish, and snap up your peers, according to one CEO. Diego Cabezudo, co-founder and chief executive officer of Spain’s Gigas Hosting SA, believes his company’s model of helping customers develop their cloud infrastructure, and doing so in their local ...

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