October, 2017

• 9 October

  Deutsche Boerse plans revenue share deal to lure Brexit clearing

  

  Bloomberg Deutsche Boerse AG’s clearinghouse plans to start a revenue-sharing plan with its biggest members in a bid to lure business from London after Brexit. The Eurex Clearing partnership program will reward its 10 most active participants with a share of revenue, and give board seats at the clearinghouse to the five largest. Deutsche Boerse has already received interest from ...

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• 9 October

  Bank of Italy prize near for Visco eyes second career feat

  

  Bloomberg Ignazio Visco might be just days away from pulling off the second coup of his unexpected tenure at the helm of Italy’s central bank — by staying on. The Bank of Italy governor, selected out of the blue by then-premier Silvio Berlusconi in 2011 after weeks of speculation that hadn’t mentioned him, may be about to benefit from a ...

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• 9 October

  Reading PBOC signals takes ‘mosaic approach,’ says Goldman Sachs

  

  Bloomberg China’s central bank could adjust monetary policy again in the coming months, in response to changes in the economy or the shifting agendas of top political leaders following the 19th Party Congress, according to Goldman Sachs Group Inc. For hints on how monetary policy will evolve, investors should piece together a range of abstract and irregular signals ranging from ...

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• 9 October

  HSBC seeks BOE nod for John Flint as CEO

  

  Bloomberg HSBC Holdings Plc selected John Flint, head of retail banking and wealth management, to be the new chief executive officer and has asked the Bank of England for permission to make the appointment, the Sunday Times reported, citing people it didn’t identify. The London-based bank’s board approved 49-year-old Flint’s appointment after the arrival of new Chairman Mark Tucker last ...

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• 9 October

  Central banks try to avoid buzz kill as they pull punchbowl away

  

  Bloomberg The world’s major central banks are declaring last orders at the punchbowl. The Federal Reserve — which has been raising interest rates since 2015 — takes the next step towards normalizing monetary policy this month when it starts to reduce its $4.5 trillion balance sheet. The European Central Bank is expected to soon lay out its own plans for ...

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• 9 October

  Amazon faces hurdles from malls in Singapore

  

  Bloomberg As Amazon.com Inc. pushes into Southeast Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago. Delivery delays also marred Amazon’s debut in July, when on-the-ground operations began with Prime Now two-hour deliveries. Even when including orders placed ...

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• 9 October

  Ivory Coast targets first direct flight to US

  

  Bloomberg Ivory Coast is in talks with three African airlines to operate the first direct route to the US by early 2018 as the West African nation seeks to attract more investors to its fast-growing economy. The most advanced discussions are with Ethiopian Airlines Enterprise, which is due to send a delegation to Ivory Coast before the end of the ...

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• 9 October

  Private-jet glut spurs ‘insane’ bargains for aspiring buyers­

  

  Bloomberg Corporate-jet makers are flooding the market, spurring deep discounts for new aircraft and fueling a three-year slide in prices of used planes. Most major manufacturers, including Gulfstream and Bombardier Inc.—which is also contending with rising hurdles in its commercial-jet business— have slowed production in the last couple years as demand for private jets sagged. That still hasn’t been enough ...

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• 9 October

  Wal-Mart deploys app to simplify returns for holidays

  

  Bloomberg Wal-Mart Stores Inc. is simplifying the return process through its smartphone app, aiming to ease a major hassle of shopping in time for the holiday season. Beginning in early November, shoppers will be able to initiate the return of items bought online via the retailer’s app before going to the store. Once there, they’ll move through a dedicated express ...

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• 9 October

  Air Berlin to end flights on October 28

  Bloomberg Air Berlin Plc will end flights on October 28 at the latest and is encouraging employees to seek jobs elsewhere as the company’s liquidation efforts proceed, according to a letter to workers from the carrier’s top two executives. The airline has begun talks with labour leaders on terms for letting employees go, Chief Executive Officer Thomas Winkelmann and general ...

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