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  Bloomberg Startup airline Norse Atlantic ASA plans to rent out a third of its fleet next summer amid concern that a weaker economic environment will weigh on demand in the trans-Atlantic markets it’s targeting. Norse, which agreed to take 15 Boeing Co. 787 jets from leasing firms with the aim of building up US flights from London Gatwick, has …

Bloomberg HSBC Holdings Plc has spent the past six months fighting calls from its largest shareholder to split up. That isn’t stopping the bank ramping up its own deal-making program. The London-based lender expects to increase the amount of acquisitions it makes in the coming years, a person familiar with the company’s thinking said. Further disposals are also expected but …

  Bloomberg The Bank of Korea (BOK) is set to pivot back to an outsized interest-rate increase as it seeks to keep pace with the Federal Reserve and rein in inflationary pressures exacerbated by a weaker currency. The central bank will raise its key rate by a larger-than-regular 50 basis points to 3% at Wednesday’s meeting despite having dialled back …

Bloomberg The world’s top central banks reacted too slowly to accelerating prices, according Swiss National Bank President Thomas Jordan. “Inflation has been underestimated globally,” Jordan said in Zurich, adding that leading rate setters “very likely waited too long” combating it. “But you have to say: Uncertainty was exceptionally high in this situation — and stays high,” he said. “Central banks …

  Bloomberg Pakistan’s central bank kept its benchmark interest rate unchanged for a second consecutive meeting to support an economy staring at crises worsened by deadly floods. The State Bank of Pakistan maintained the target rate at 15% , as forecast by 40 of 43 economists surveyed by Bloomberg. Three expected a cut ranging between 25-50 basis points. The decision …

  Bloomberg Asia’s top chip stocks tumbled on Tuesday, ensnared in an escalating US-China tech race that has erased more than $240 billion from the sector’s global market value. Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, plunged a record 8.3% while Samsung Electronics Co. and Tokyo Electron Ltd. also declined. The selloff spread to the foreign-exchange market …

  Bloomberg The atmosphere at a conference of currency market professionals was markedly different from the previous few years: there was a buzz. Senior executives from banks and brokers were feeling optimistic about the prospects of foreign-exchange trading at the recent gathering in Amsterdam. They’ve spent years eyeing the world of crypto with envy, as digital assets thrived in a …

Bloomberg The first commercial Boeing Co. 737 Max flight appeared to have resumed flying into China for the first time in almost four years, in what would be a major breakthrough for the US planemaker’s best-selling jet. A MIAT Mongolian Airlines flight operating a round-trip between Ulaanbaatar to Guangzhou landed in the southern Chinese city at 8:18am local time on …

  Bloomberg Boeing Co gained an unlikely ally in the pilots of the world’s largest 737 operator as the planemaker lobbies Congress to extend the deadline for certifying its Max 10 and Max 7 models and avoid a potentially costly cockpit redesign. “We 100% support the extension,” Casey Murray, head of the Southwest Airlines Pilots Association, said in an interview. …

  Bloomberg Tesco Plc froze prices on 1,000 products until next year to maintain its leading market share in the UK amid intense competition from discount grocers Aldi and Lidl. Britain’s biggest grocer reported better-than-expected sales and only slightly reduced its profit guidance for the fiscal year as it works to keep prices low and increases pay to blunt the …