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Bloomberg China’s surging consumer inflation will rise further on the current oil spike, but the jump won’t last long and probably won’t affect the pace of monetary easing in 2020, according to Citigroup Inc. Consumer inflation in China will hit 5% in January as higher oil prices combined with a low base from 2019 drive up the cost of vehicle ...

Bloomberg Asia’s best carry trade is suddenly in Hong Kong, where the local dollar has strengthened to an almost three-year high. Elevated local rates are increasing the appeal of owning the city’s currency, after years of depreciation wagers. Selling the greenback and using the proceeds to buy Hong Kong dollars has delivered Asia’s highest Sharpe ratio — a measure of ...

Bloomberg US equity futures were steady on Tuesday and stocks in Europe and Asia advanced as investors attempted to set aside their fears about escalating tensions in the Middle East. Treasuries fluctuated and the euro declined. Markets were roiled before the European open when an Iranian news agency said the country is assessing scenarios for its response to the US ...

Bloomberg Investors are snapping up Chinese financial assets, encouraged by progress on trade and signs that the world’s second-largest economy may be stabilising. Improving confidence helped stoke a 0.5% rally in the yuan on Tuesday, pushing it to its strongest level since early August. The currency punched past the key 6.95-per-dollar level, and traded on the strong side of its ...

Bloomberg SBI Holdings Inc and Japanese internet-service provider GMO Internet Inc are about to start extracting Bitcoin at the world’s largest crypto mine, located in the industry’s new hotspot: Rockdale, Texas. The two firms have in principle agreed with Northern Bitcoin AG subsidiary Whinstone Inc to process cryptocurrency transactions at the German company’s facility within the coming months, according to ...

Bloomberg JetBlue Airways Corp said it will become the first large US airline to offset emissions from all of its domestic flights, aiming to become carbon neutral by July as pressure grows on the industry from climate change activists. The carrier also will begin using sustainable aviation fuel on its flights from San Francisco International Airport, the New York-based airline ...

Bloomberg American Airlines Group Inc has reached a settlement with Boeing Co over last year’s financial blow from the 737 Max grounding, and the carrier said it would share about $30 million of the proceeds with employees. The companies are still in talks over compensation for damages beyond 2019, American said in a statement. The Max’s absence since March shaved ...

Bloomberg Shares in Norwegian Air Shuttle ASA rose after the budget airline that had once targeted growth at any cost showed it’s now improving profitability. The carrier, which is based in a suburb of Oslo, gained as much as 6.5% on Tuesday. Norwegian, which has grappled with high debts for years, said its unit revenue rose 21% in December, marking ...

Bloomberg British grocers suffered their weakest holiday sales growth in five years amid intense discounting as consumers reined in spending during the critical Christmas period. Data from the retail analysis divisions of Nielsen and Kantar show that UK supermarket sales increased only marginally. Nielsen recorded 0.5% growth for the four weeks ended on December 28, which it said was the ...

Bloomberg Bed Bath & Beyond Inc, the home-goods retailer mired in a lengthy sales slump, rose after selling some real estate in a deal that generated net proceeds of more than $250 million. The properties represent about 2.1 million square feet of space, including retail stores, a distribution facility and offices, the company said. It is leasing back the space ...