September, 2017

• 19 September

  Australia’s central bank sees solid jobs growth

  

  Bloomberg Australia’s central bank expects to see solid employment growth ahead as the economy gradually picks up, while noting risks from housing debt outpacing household income. In minutes of this month’s policy meeting, where interest rates were left unchanged, the Reserve Bank of Australia gave no signal policy was set to change any time soon. Employment growth had been broadly ...

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• 19 September

  Baht pits Bank of Thailand against government on rate cut

  

  Bloomberg A public rift between Thailand’s central bank and government on interest rates shows just how much of a dilemma the baht has become for the economy. The Finance Ministry is pushing the Bank of Thailand to cut interest rates to stimulate growth, in light of the strength of the currency and low inflation. That’s clashing with the bank’s aims ...

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• 19 September

  Pound forecasters catch up with rally

  Bloomberg The pound’s dramatic reversal of fortunes this month has left analysts racing to catch up. Strategists are revising their estimates for the currency after its best week since 2009 saw it gain almost 3 percent as the Bank of England signaled it would look to withdraw stimulus “over the coming months.” Sterling touched $1.36 on Monday, while the median ...

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• 19 September

  Bitcoin roars back from Chinese-regulation spurred swoon

  

  Bloomberg The bitcoin rally is proving hard to stop. The cryptocurrency has breached $4,000, soaring more than 20% from the lows reached Friday, as concern eases that a crackdown by Chinese regulators will hinder the growth of the alternative method of exchange. After reaching a record high of $4,921 on 1 September, the digital currency fell as low as $2,975 ...

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• 19 September

  ‘Bank of Canada tracking impact of higher rates’

  Bloomberg The Bank of Canada gave the strongest indication yet it is concerned about the Canadian dollar’s recent gains, with a top official saying policy makers will closely monitor the currency’s impact on the economy. In the bank’s first public remarks, since raising interest rates, Deputy Governor Timothy Lane spoke to a business audience in Saskatchewan where he outlined the ...

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• 19 September

  Trudeau warns to halt Boeing F-18 deal on Bombardier row

  

  Bloomberg Prime Minister Justin Trudeau says Canada won’t buy Boeing Co. fighter jets while the company pursues a trade challenge against Montreal-based Bombardier Inc. over its commercial aircraft. Trudeau made his threat to halt what he called Canada’s “significant procurement” of F-18 Super Hornets alongside UK Prime Minister Theresa May. Both leaders are pressing the US firm to drop its ...

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• 19 September

  Northrop bulks up missile business on $7.8bn Orbital deal

  

  Bloomberg Northrop Grumman Corp.’s $7.8 billion purchase of Orbital ATK Inc. will expand its space and missile businesses just as the US steps up efforts to defend against a possible strike by North Korea and threats in the Middle East. The deal cements a turnaround for Northrop, which had been the target of breakup speculation before it scored an upset ...

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• 19 September

  Virgin Australia pioneers pop-up check-in stands

  

  Bloomberg Airline passengers will be able to avoid the pre-flight ritual of lugging heavy bags to the airport and around the departure terminal as the world’s first pop-up check-in system enters service. Devised by Amadeus IT Group SA, the technology will facilitate check-in for groups of travelers at hotels, schools, conference centres and sports stadiums, the world’s biggest flight-bookings provider ...

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• 19 September

  Canada Goose bypasses saks with sales pitch for Amazon world

  

  Bloomberg Dani Reiss, who runs Canada Goose Holdings Inc., used to be so anti-logo that he would cut the little crocodiles off his Lacoste shirts. A prominent North Pole crest is emblazoned on the shoulder of each parka his company makes, enhancing their cache with consumers as Amazon.com Inc.’s shadow looms large over the traditional retail landscape. “I didn’t like ...

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• 18 September

  UAE’s listed firms offer AED31bn cash dividend

  

  ABU DHABI / WAM Cash dividends and bonus shares to the tune of AED32.5 billion have been distributed by 79 companies listed at Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) for Fiscal Year 2016, according to statistics released by the Securities and Commodities Authority (SCA). Distribution of such big gains goes in line with the listed companies’ ...

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