June, 2023

• 19 June

  Cathay Pacific to hire more cabin crew from China

  

  BLOOMBERG  Cathay Pacific Airways Ltd will recruit more cabin crew from mainland China and widen the use of Mandarin language on flights, its chief executive officer said, less than a month after the carrier fired three flight attendants for disparaging passengers who didn’t speak English. “With the growing number of Putonghua-speaking customers, it has always been our intention to recruit ...

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• 19 June

  Boeing prepares to accelerate output of its cash-cow 737 jets as tail glitch fades

  

  BLOOMBERG  Boeing Co is preparing to accelerate production of its cash-cow 737 jets “soon,” the planemaker’s commercial chief said, as the company makes progress towards addressing a supplier defect that has slowed deliveries. The rate break to a 38-jet monthly pace will happen “sooner rather than later,” Stan Deal, who heads Boeing’s commercial airplane business, said in Paris ahead of ...

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• 19 June

  JD sees seven units worth $14 billion after sales haul

  

  BLOOMBERG  JD.com aims to create seven listed firms with market values of $14 billion apiece, outlining aggressive targets spanning two decades as it wrapped its signature 2023 sales gala with another record haul. Sales volume during its “6.18” June online bargains event, reached an all-time high, the company said in a WeChat post. The summer online sales event, in which ...

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• 19 June

  Airbus in talks for large narrowbody deal with Mexico’s Viva

  

  BLOOMBERG  Airbus SE is in talks with Grupo Viva Aerobus SAB for a large narrowbody aircraft order that would fuel the Mexican low-cost carrier’s expansion, people familiar with the discussions said. The companies held talks and were expected to announce an accord at the Paris Air Show starting from Monday, said the people, asking not to be identified discussing private ...

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• 19 June

  FAA to investigate incident involving United, Delta jets

  

  BLOOMBERG  The Federal Aviation Administration (FAA) said it will investigate an incident where the wing of a United Airlines Holdings Inc flight clipped the tail of a Delta Air Lines Inc plane at Boston Logan International airport. The incident occurred while United Flight 369 was taxiing and Delta Flight 1657 was at a holding pad, the FAA said in a ...

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• 19 June

  Global stocks slip after Wall Street’s Q2 rally loses steam

  

  BLOOMBERG Global stocks fell, striking a more cautious note after Wall Street’s powerful second-quarter rally lost steam at the end of last week. Chemical and construction firms paced declines in Europe, while banking stocks outperformed. Among the biggest individual movers, Sartorius AG slumped 15% after issuing a bigger-than-expected profit warning. In Asia, disappointed hopes for further stimulus pushed down Chinese ...

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• 19 June

  India’s NSE plans derivatives based on bond indexes

  

  BLOOMBERG India’s National Stock Exchange (NSE) is planning to offer derivatives based on its bond indexes, according to people familiar with the matter, as it seeks attract more investors to its platform. The NSE has already applied to the Securities Exchange Board of India for approval and is aiming to launch the corporate debt product by September, the people said. ...

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• 19 June

  Jerome Powell in Capitol Hill spotlight after Fed pauses

  

  BLOOMBERG Jerome Powell will be in the Capitol Hill spotlight a week after the Federal Reserve paused its most aggressive tightening campaign in decades, with investors watching for clues on whether central bankers are indeed leaning toward further interest-rate hikes. The Fed chair will deliver the central bank’s semi-annual monetary policy report to the House on Wednesday and the Senate ...

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• 19 June

  S&P 500 above 4,400 leaves no room for more gains: Citi

  

  BLOOMBERG The bull-market rally in US stocks is about to run out of steam, according to Citigroup. Strategists at the bank led by Scott Chronert reiterated their call for the S&P 500 Index to tumble to 4,000 by year-end, and initiated a new target of 4,400 by mid-2024, or just below June 16’s 4,410 close. A lack of concrete earnings ...

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• 19 June

  Customers buys $631 million in Signature loans at discount

  

  BLOOMBERG Customers Bancorp Inc purchased $631 million of loans that belonged to Signature Bank, the latest example of a financial firm snapping up at a steep discount assets associated with a failed US lender. The purchase from the Federal Deposit Insurance Corp (FDIC) was at 85% of the portfolio’s book value, the West Reading, Pennsylvania-based bank said in a statement. ...

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