November, 2017

• 18 November

  Bank of Canada gets luxury of time on rates as inflation eases

  Bloomberg Canadian inflation eased for the first time in four months in October as gasoline prices fell and the economy showed few signs of price pressure, bolstering the view the central bank can afford to wait before it tightens policy further. Annual inflation decelerated to 1.4 percent, from 1.6 percent in September, Statistics Canada reported in Ottawa. That matched the ...

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• 18 November

  Cyber threat looms for banks in UK as ring-fencing exposes data

  

  Bloomberg New rules that were supposed to protect depositors may end up making them vulnerable to fraudsters. Changing the account data of about a million clients at banks including Barclays Plc and HSBC Holdings Plc is a golden opportunity for hackers, the UK’s Financial Conduct Authority has warned banks. The FCA has briefed lenders about its concerns, as British banks ...

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• 18 November

  Polish wage growth at five-year high heaps pressure on central bank

  

  Bloomberg Polish wages grew at the fastest pace in more than five years, casting fresh doubt over the central bank’s ability to keep a lid on inflation. The readout showed a 7.4 percent wage increase in October from a year earlier, exposing a steeper acceleration than forecast by 23 of the 24 economists surveyed by Bloomberg. Wage growth was distorted ...

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• 18 November

  Central banks to soon use blockchain in settlements

  

  Bloomberg It’s only a matter of time before central banks adopt blockchain to settle high-value, interbank fund transfers, according to the head of Ripple, whose technology has won support from former Fed Chairman Ben S. Bernanke. As the technology, which is based on encrypted distributed ledgers, catches on, central banks around the world will be afraid to miss out, Ripple ...

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• 18 November

  Tax bill hurts Trump’s vow to fix ‘other airports’

  

  Bloomberg President Donald Trump has compared landing at Los Angeles International and other US airports to arriving in a third-world country. But a provision in the tax bill passed by the House of Representatives would eliminate a tool central to his $1 trillion pledge to upgrade airports and other public works. The House measure would eliminate a form of tax-exempt ...

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• 18 November

  Coca-Cola wants to drive traffic to e-commerce

  

  Bloomberg Coca-Cola Co., facing a world where consumers fill up Amazon baskets instead of grocery carts, is trying to raise its tech game. The 131-year-old beverage company is taking its understanding of driving real-life traffic to the world of e-commerce. That includes upping the appearance of its “digital shelf,” integrating with voice products like Amazon’s Echo, and adding impulse buy ...

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• 18 November

  Airlines make a lot of money on ‘three industries’

  Bloomberg There’s some simple math when it comes to airfares: the higher the price, the bigger the profit. And the most expensive tickets tend to be those sold at the very last minute—specifically those picked up by business travellers with schedules dictated by sudden deals and unexpected client meetings. And not coincidentally, these fares are usually paid for by the ...

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• 18 November

  Amazon’s cashierless store almost ready for prime time

  

  Bloomberg For the past year, Amazon employees have been test driving Amazon Go, an experimental convenience store in downtown Seattle. The idea is to let consumers walk in, pick up items and then pay for them without ever standing in line at a cashier. Amazon is vague on the mechanics, but the store relies on a mobile app and some ...

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• 15 November

  SoftBank plans $25bn investment in Saudi

  Bloomberg SoftBank Group Corp. plans to invest as much as $25 billion in Saudi Arabia over the next three to four years as the Japanese company run by Masayoshi Son deepens investment ties with the kingdom, according to people familiar with the matter. SoftBank aims to deploy up to $15 billion in a new city called Neom that Crown Prince ...

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• 15 November

  Flydubai, Boeing ink $27bn deal

  

  DUBAI / WAM The Dubai-based airline, flydubai, on Wednesday announced its commitment to a $27 billion order for 225 Boeing 737 MAX aircraft, to support the growth of its fleet. This is the third order placed by the airline with Boeing in its eight-year history, following those in 2008 and 2013. The new aircraft order will support its continued expansion ...

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