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Bloomberg When Ray Conner retired as head of Boeing Co’s commercial aircraft business in 2017, the company threw a farewell party for its lifelong employee. Among the speakers: Willie Walsh, who runs the IAG SA airline group and had built a close rapport over the years both with Conner and Boeing, having spent almost two decades piloting 737 planes himself. ...

Bloomberg The best returns in a decade for emerging-market bonds just got a further boost as central banks move towards more easing. Now fund managers must navigate trade tensions and geopolitics that could derail the rally. Investors are optimistic after the Federal Reserve signalled it was ready to cut interest rates and the European Central Bank indicated more stimulus may ...

Bloomberg US equities fluctuated near records as investors weighed expectations for easier monetary policy against concerns about a slowing economy. Treasuries gained, while the dollar edged lower. The S&P 500 was mixed, hovering just under all-time highs reached during last week’s rally. Tech shares led gains, while healthcare paced falling stocks. Bristol-Meyers Squibb Co tumbled after saying it will divest ...

Bloomberg Bitcoin’s climb to above $11,000 for the first time in 15 months sparked gains in related Asian stocks on Monday. GMO Internet Inc climbed 7 percent in Tokyo to its highest level since October, while Metaps Inc jumped 11 percent, Remixpoint Inc 6.2 percent and Ceres Inc 4.4 percent. In Seoul, Vidente Co climbed as much as 5.4 percent ...

Bloomberg Statkraft AS joined with Statera Energy Ltd. to build a 1 gigawatt battery in the UK with a backup generator fuelled by natural gas, part of an effort to profit from the nation’s need to balance its power grid. London-based Statera will build the battery as well as an array of gas reciprocating engines, Norway-based Statkraft said. The systems ...

Bloomberg President Donald Trump denied that he’d threatened to demote Federal Reserve Chairman Jerome Powell but said he’d “be able to do that if I wanted.” The president repeated his criticism of Powell’s actions as Fed chief in an interview with NBC’s “Meet the Press.” “I’m not happy with his actions,” Trump said of Powell. “No, I don’t think he’s ...

Bloomberg The Reserve Bank of India (RBI) will lose one of its most outspoken officials, raising further questions about the independence of the central bank six months after the governor resigned under a cloud. Deputy Governor Viral Acharya has asked to leave the central bank, citing “unavoidable personal circumstances,” the RBI said in a statement on Monday. His resignation request, ...

Bloomberg Natixis SA went into crisis-fighting mode to stem a wave of outflows from its H2O Asset Management unit, selling part of its non-rated private bonds and marking down the balance in order to remove incentives for investors to pull even more. The move cuts the aggregate market value of the bonds, which were issued by companies linked to financier ...

Bloomberg Denmark’s biggest bank, already struggling to recover from a money-laundering scandal, fired the man who until last month was interim CEO because some clients paid too much for an investment product. Danske Bank A/S said on Monday that it had dismissed Jesper Nielsen, head of banking in Denmark, after it emerged that tens of thousands of domestic customers were ...

Bloomberg US banks might be happy to stay away from Facebook Inc.’s push into cryptocurrencies. For now. The Libra Association, the governing body for the coin, is in talks with lenders around the world to join its ranks. Banks are mostly keeping their distance after seeing tepid consumer reaction to digital wallets such as Apple Pay and regulatory scrutiny of ...