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Bloomberg The Swiss National Bank’s (SNB) monetary policy is appropriate given there’s no great risk of spiralling inflation, its President Thomas Jordan said in an interview with Schweiz am Wochenende (SamW). “We think the risk of inflation is moderate in Switzerland,” he told the newspaper in an interview. “The strong currency acts as a damper on inflation, the franc is …

Bloomberg China’s central bank raised the limit on how much smaller lenders and foreign banks operating in the country can borrow offshore, a move that will ease a funding shortfall and give a push to expansion plans for firms such as HSBC Holdings. Their ability to borrow outside of China was expanded this week after the People’s Bank of China …

Bloomberg Three of Asia’s best-performing stock markets this year are also ones where individual investors are playing out-sized roles, underscoring the growing influence of retail traders around the world. Nowhere is this more apparent than in Vietnam, where individuals account for about 90% of turnover and the VN Index has surged 20% in 2021, the most among major benchmarks in …

Bloomberg Wall Street’s great inflation trade is losing steam, judging by a slew of cross-asset signals and where all the investing billions are actually going. With reflation strategies again playing second-fiddle to the crypto volatility and meme stock mania, stable Treasury yields helped the tech-heavy Nasdaq 100 outperform the Dow Jones Industrial Average by the most in seven weeks. Debt …

Bloomberg President Joe Biden’s proposed tax hikes are forecast to bring in $3.6 trillion over the next decade, the Treasury Department said, a key funding source for the $4 trillion he hopes to spend remaking the American economy and social safety net. The figure, representing the sum of all tax increases if enacted by Congress, came as is part of …

Bloomberg Oil posted its biggest weekly gain since the middle of April ahead of the US Memorial Day weekend that kicks off country’s summer driving season. West Texas Intermediate rises 4.3% this week. A spate of positive US economic data this week continued to highlight the recovery taking shape in the world’s largest oil-consuming country, while Americans are expected to …

Bloomberg Boeing Co has halted deliveries of its 787 Dreamliner just two months after restarting them as the company works to get regulatory approval for its plan to resolve previously disclosed quality issues. The planemaker is providing the US Federal Aviation Administration (FAA) with added analysis and documentation of proposed fixes for undelivered jets, according to a company statement. The …

Bloomberg US aviation officials urged flight crews operating over Belarus to exercise “extreme caution,” but stopped short of a ban on overflights of the region. The Federal Aviation Administration (FAA) issued a so-called notice to airmen in the wake of the forced diversion of an airliner carrying a political opponent of that nation’s government. The European Union’s air-safety regulator advised …

Bloomberg Best Buy Co boosted its full-year sales forecast after revenue soared in the first quarter, fueled by what it deemed “extraordinarily high” demand for its electronics that has continued even as the pandemic wanes. The shares rose. The big-box retailer said it now sees company-wide comparable sales rising between 3% and 6% this fiscal year. It had earlier expected …

Bloomberg Qantas Airways Ltd is considering giving free flight vouchers or air miles to people who’ve had Covid-19 shots, joining a growing list of businesses offering vaccination incentives to kick-start global travel. While details haven’t been finalised, fully inoculated Qantas frequent fliers might also be offered free loyalty status credits, Qantas said in a statement. The program is due to …