April, 2017

• 6 April

  Philippine Central bank chief sees no urgency to adjust ‘policy’

    Bloomberg The Philippines central bank sees no urgency to adjust its policy stance with inflation forecast to ease after peaking in the third quarter, Governor Amando Tetangco said. Consumer-price growth will reach close to 4 percent this year before slowing, Tetangco said in an interview in Cebu, south of Manila on Tuesday. With “the inflation forecast being within the ...

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• 6 April

  Bank Indonesia’s top woman fights CPI with more than rates

  

    Bloomberg Rosmaya Hadi enlisted the help of 2,000 religious leaders to fight inflation when she ran Indonesia’s central bank in West Java region. In the world’s largest Muslim country, Hadi got them to spread a message of moderation in mosques on the eve of the Eid Al Fitr festival last year, when Indonesians usually step up spending on food ...

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• 6 April

  BA unveils new investment plans to up earnings

  

    Dubai / Emirates Business British Airways (BA) on Thursday launched its investment plans for customers, focusing on excellence in the premium cabins and more choice and quality for all. The investments include: £400 million in Club World (long-haul business class), introduction of Club Europe on UK domestic services, new lounges, First Wing direct security and lounge access at Heathrow, ...

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• 6 April

  Boeing and JetBlue tie-up to fund startup for electric airplane

  

    Bloomberg Boeing Co. and JetBlue Airways Corp. are investing in a startup developing an electric-powered aircraft with the potential to transform short-haul flights. Zunum Aero is designing and building 10- to 50-seat planes for trips of 700 miles initially and as much as 1,000 miles by 2030. The aircraft would fill a “vast regional transport gap” and reduce travel ...

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• 6 April

  Lufthansa bets A350 can turn Munich hub profitable

  

    Bloomberg Deutsche Lufthansa is banking on Airbus Group SE’s latest A350 wide-body jet to shore up its Munich hub, where the deployment of less efficient planes means normally lucrative long-haul flights are losing money. The first 15 of 25 A350s ordered by Lufthansa are to be based in the Bavarian city, with the composite-fuselage, twin-engine model providing a 25 ...

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• 6 April

  Japan LNG buyers wary of Tellurian’s fixed-price offer

  

    CHIBA / Reuters Japanese buyers of liquefied natural gas have shown cautious interest in Tellurian Inc’s bold guarantee of US LNG delivered at a fixed price from 2023, wary of locking themselves into a price that may eventually work to their disadvantage. Tellurian Chairman Charif Souki – who pioneered the first US LNG exports ex-Alaska as head of Cheniere ...

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• 6 April

  Oil rises as traders weigh growing stockpiles against OPEC cuts

    Bloomberg Oil rose in New York as investors weighed a surprise increase in US stockpiles against OPEC-led efforts to reduce the global oversupply. Futures added 0.5 percent, extending the 6.8 percent gain of the previous seven sessions. US output rose for a seventh week and inventories expanded to a fresh record, government data showed Wednesday. The increase in US ...

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• 6 April

  Gulf’s bond sales see strong start this year

  

    Bloomberg Middle East international bond sales are off to the strongest ever start to a year as borrower demand for funds outstrips the firepower of local banks in an era of depressed oil prices. Hard-currency bond issuance from the six-nation Gulf Cooperation Council, which accounts for the bulk of the region’s capital markets and includes Saudi Arabia, its largest ...

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• 6 April

  China’s debt puzzle grows complex as ‘off-book’ bonds increase

  

    Bloomberg China’s evolving means of selling government debt is masking the true extent of the government’s planned borrowing levels. The official budget deficit target is 3 percent of economic output, but that doesn’t include all government debt. One category falling outside of the forecast is off-book bonds — or special bonds as they’re known in China — whose sales ...

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• 6 April

  Aussie millennials have second lowest home ownership level

  

    Bloomberg Australian millennials have the second-lowest level of home ownership for their peer group, an HSBC Holdings Plc survey found, just ahead of an oil-rich absolute monarchy. Only 28 percent of Australians aged between 19 and 36 own a home, the survey of more than 9,000 people in nine countries showed. That was well below France on 41 percent ...

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