February, 2017

• 1 February

  UK inflation threat mounts with record increase in factory costs

  

    Bloomberg UK factories saw costs rise at a record pace at the start of 2017, pointing to increasing upward pressure on inflation that could weigh on the economy this year. A measure of input prices in IHS Markit’s monthly Purchasing Managers Index jumped to the highest since the series began in 1992, it said on Wednesday. The headline activity ...

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• 1 February

  Roche sees profit growth hiccup as old drug guard gets replaced

  

    Bloomberg Roche Holding AG expects to dodge the worst of the fallout from the expiry of patents on its blockbuster medicines. The Swiss drugmaker is rolling out new treatments such as the cancer immune therapy Tecentriq and wrapping up costly clinical trials for two experimental medicines to soften the blow from competition to its ageing cancer blockbusters. That means ...

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• 1 February

  BMW pleads for free trade after US border tax threat

  

    Bloomberg BMW AG Chief Executive Officer Harald Krueger defended the importance of free trade, responding to recent remarks by US President Donald Trump suggesting he’ll push for tariffs to protect American jobs. “As a global company, we’re present on all important markets,” Krueger said at an industry conference in Bochum, Germany. “That also means that we allocate automobile value-creation ...

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• 1 February

  Turning failures into successes!

  

    Husum / AP “I’m an athlete, not an adventurer,” says Freya Hoffmeister. But the journeys the extreme paddler undertakes are nothing if not adventurous – and dangerous. Paddling across the estuary of the Amazon in South America on one expedition she was “washed out” of her canoe by the “pororoca,” a tidal wave that can reach heights of 5 ...

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• 1 February

  Long layover, how about a workout at an airport gym?

  

    AP Work out while waiting for your flight? That’s an option now at Baltimore Washington International Airport, where the only gym at a U.S. airport past security opened this week with plans to open 20 more at airports by 2020. It’s the latest example of how fitness and health trends have started showing up at airports. Yoga rooms and ...

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• 1 February

  Egypt’s banks attract $9bn in inflows since pound float

  

    Bloomberg Foreign holdings of Egyptian treasury bills have grown since the pound was floated three month ago, while renewed trust in the currency has sent billions of dollars into local banks. Foreigners held 10.2 billion pounds ($540 million) worth of T-bills in December, state-run news agency MENA reported, citing central bank data and without specifying how much of that ...

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• 1 February

  Credit-card thieves move online as chips thwart in-store fraud

  

    Bloomberg The adoption of credit-card chip technology by US retailers is having an unintended consequence: Criminals are moving from brick-and-mortar stores to the internet. The use of stolen card data to pay for merchandise on websites, in mobile apps and by dialing call centers surged 40 percent last year, according to a report from Javelin Strategy & Research released ...

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• 1 February

  Morgan Stanley sells C$8 billion debt

  

    Bloomberg Morgan Stanley capped off the best start to a year in Canadian-dollar corporate-bond sales since 2013 as an improving global economy amid low interest rates creates the right conditions for borrowers and investors alike. The New York-based bank sold C$1 billion ($768 million) of debt, double the minimum originally indicated, to drive corporate-bond issuance in Canada’s domestic market ...

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• 1 February

  What world’s biggest bank bosses say about Brexit exodus

  

    Bloomberg Frankfurt and Dublin are emerging as the biggest winners at London’s expense as banks prepare for Brexit by planning new hubs in the European Union. Standard Chartered Plc and Barclays Plc are set to choose Ireland’s capital as their EU base for ensuring continued access to the bloc, according to people with knowledge of their contingency plans. Goldman ...

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• 1 February

  IS uses drones, innovating tactics with deadly effect

  

    MOSUL / AP First the tiny drones buzz overhead to observe Iraqi soldiers. Then, the IS group’s flying machines return to drop a small explosive device to sow panic among security forces — or deadlier still, to help guide a suicide car bomber to a target. And the innovations are expected to keep coming since IS has been spending freely ...

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