July, 2017

• 12 July

  US stocks, bonds jump on go-slow Fed; oil climbs

  

  Bloomberg US stocks rose with Treasuries, while the dollar retreated after Janet Yellen signaled the Federal Reserve won’t rush to tighten monetary policy as inflation remains persistently below target. The S&P 500 Index climbed within 1 percent of an all-time high, joining a rally in European equities as Yellen expressed confidence in the American economy while suggesting inflation rates won’t ...

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• 12 July

  Energy shares give a boost to Indian stocks

  

  DUBAI / Reuters India’s main stock indexes capped a third day of record highs, paced by a rally in energy shares. A gauge of mid-cap stocks also climbed to an all-time level. The benchmark S&P BSE Sensex gained 0.2 percent to 31,804.82 at the 3:30 p.m. close in Mumbai, while the NSE Nifty 50 Index rose 0.3 percent. The Nifty’s ...

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• 12 July

  Hong Kong stocks rise

  DUBAI / Reuters Hong Kong stocks rose for a third day, closing above the key 26,000 level for the first time in more than a month, as banks led the gains. The Hang Seng Index advanced 0.6 percent to 26,043.64 at the close. Banks accounted for the benchmark’s top three gainers, with Industrial & Commercial Bank of China Ltd. and ...

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• 12 July

  Deutsche Bank targets Saudis in ‘massive’ push for wealth

  

  Bloomberg Deutsche Bank AG is targeting the Middle East as a priority region for wealth management as the lender seeks to recoup assets lost late last year when concerns about its capital levels prompted an exodus of clients. The Frankfurt-based bank is seeking to hire relationship managers and expand the products it offers wealthy clients in the region to attract ...

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• 12 July

  Ex-Credit Suisse trader raises $66mn for Bitcoin push

  

  Bloomberg Former Credit Suisse Group AG trader Nikolay Storonsky is getting $66 million from investors including Index Ventures to help expand his business offering banking services and add cryptocurrency exchange for customers. His London-based Revolut Ltd. raised the money in a round that included Balderton Capital and Ribbit Capital, according to a statement on Wednesday. Storonsky, 32, will use the ...

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• 12 July

  BOE’s Broadbent says not ready to hike rates

  

  Bloomberg Bank of England (BOE) Deputy Governor Ben Broadbent said he’s not ready to vote for higher interest rates, even though he sees pressures to do so building up. “There is reason to see the committee moving in that direction, but there are still a lot of imponderables,” Broadbent said in an interview with The Press and Journal. “It is ...

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• 12 July

  Swiss franc outlook weakens as SNB left as Europe’s major dove

  Bloomberg The franc’s decline to a one-year low suggests the Swiss National Bank (SNB) may only need to stand still to achieve its aim of a weaker currency. Major central banks across Europe are hinting at unwinding monetary policy stimulus, leaving the SNB among a shrinking dovish camp. UBS Group AG and Nomura Holdings Inc. predict further downside for the ...

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• 12 July

  Japan bank mergers become a question of avoiding ‘extinction’

  

  Bloomberg Hiroshi Iwama and Mitsunori Watanabe used to joke about merging their banks in central Japan. When the Bank of Japan introduced negative interest rates last year, things got serious. The two golfing buddies run Mie Bank Ltd. and Daisan Bank Ltd., two of Japan’s roughly 100 regional lenders. For years, these banks dotted around the nation have faced headwinds ...

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• 12 July

  Etihad adds more flights to Egypt, Nigeria

  

  Abu Dhabi / Emirates Business Etihad Airways is adding year-round flights between its Abu Dhabi hub and both Cairo and Lagos later this year to cater to growing demand to and from the United Arab Emirates. A fifth daily scheduled service will be introduced on the Cairo route, effective October 1, taking frequency to the Egyptian capital up from 28 ...

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• 12 July

  Austria plans to drop Eurofighter, buy new interceptor fleet over pricing spat

  

  Bloomberg Austria plans to transition away from its fleet of Eurofighter Typhoon jets amid a long-running spat over pricing after concluding that sourcing a new squadron of supersonic interceptors would be a cheaper and more effective option. The Austrian Air Force recommends moving to a single type of warplane with 15 single-seat and three double-seat versions from 2020, replacing its ...

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