January, 2018

• 13 January

  Investors to central banks: Monetary policy planning could roil markets

  

  Bloomberg Global central banks are being served a sharp reminder by investors that their monetary policy planning carries the potential to roil the financial markets in 2018. A minor tweak in the Bank of Japan’s bond-purchase operation saw the yen strengthen more than 1 percent in two days. A change in the way China’s central bank manages the yuan sparked ...

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• 13 January

  Dollar bears get warning as Asian banks put brake

  

  Bloomberg Dollar bears take heed: Asian central banks may be putting the brakes on the greenback’s slide. After working for three years to staunch the yuan’s slump, China is now moving to combat the opposite problem. The People’s Bank of China has stopped using a component of its daily fixing formula that had been widely interpreted as a tool to ...

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• 13 January

  Nainital Bank put up for sale by India lender

  

  Bloomberg Bank of Baroda, India’s third-largest state-run lender, is seeking to sell unit Nainital Bank Ltd. as it sheds non-core assets to bolster its balance sheet, people familiar with the matter said. A decision on the size of the stake to be sold will depend on approvals from the Indian central bank, the people said, asking not to be identified ...

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• 13 January

  Morgan Stanley counters bond bear market call

  Bloomberg Morgan Stanley countered Bill Gross’s call that Treasuries are in a bear market. “Don’t worry, Treasuries continue to offer value,” Morgan Stanley strategists Matthew Hornbach and Guneet Dhingra in New York wrote in a note. “This isn’t the bear market you’re looking for,” according to the firm, one of the 23 primary dealers that underwrite US debt securities. A ...

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• 13 January

  JetBlue delays fleet update as Boeing, Airbus eye small jets

  

  Bloomberg JetBlue Airways Corp. has delayed a decision on updating its fleet of regional jets as it watches a brewing rivalry between Boeing Co. and Airbus SE to gain sway in the market for smaller planes. The carrier had hoped to decide by the end of 2017 whether to keep its 60 Embraer SA E190s. But an Airbus agreement to ...

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• 13 January

  Heathrow Airport crams more flyers onto bigger jets

  

  Bloomberg London’s Heathrow airport, which has operated its two runways close to capacity since the start of the decade, managed to squeeze in 2.3 million more passengers last year as airlines deployed bigger planes and carried more people per flight. The traveller tally at the home base of British Airways increased 3.1 percent to 78 million even as the number ...

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• 13 January

  Jeju beats London, New York in busiest air route

  

  Bloomberg The world’s busiest air route isn’t London to Paris or New York to Los Angeles, but the trip between Seoul and a tiny island off the coast of South Korea. Planes made 65,000 trips between the Korean capital and Jeju island—a journey of little more than an hour—in 2017, equivalent to 178 flights a day, according to data from ...

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• 13 January

  Gucci opens restaurant where haute couture meets haute cuisine

  

  Bloomberg Fashion house Gucci dipped into the culinary scene with the luxe Gucci Osteria, a green-walled, 50-seat restaurant nestled inside the new Gucci Garden, an experiential museum-retail concept in the historic heart of Florence, Italy. The chef is Massimo Bottura, the Modena-based proprietor of three-Michelin-starred Osteria Francescana, in 2016 named the best restaurant in the world. Now fully open to ...

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• 10 January

  Emirates plans $1bn sukuk sale

  

  Bloomberg Emirates, the world’s largest airline by international passengers, is talking to banks about raising as much as $1 billion through an Islamic bond sale that could happen in the first half, people familiar with the matter said. The Dubai government-owned carrier joins a list of regional issuers seeking funding from international debt markets before higher US interest rates push ...

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• 10 January

  Abu Dhabi to build huge water desalination plant

  

  ABU DHABI / Reuters Abu Dhabi has invited international firms to express interest in building one of the world’s biggest water desalination plants as the capital of the United Arab Emirates boosts capacity to meet rising demand, a senior official said on Wednesday. The project, estimated to cost between $600 million and $1.2 billion, will have capacity of 200 million ...

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