Bloomberg US equities advanced alongside stocks in Europe as traders weighed the latest corporate earnings and moves to end the American government shutdown against lingering doubts over trade. The dollar’s six-day rally stalled and Treasury yields rose. The S&P 500, Dow Jones and Nasdaq indexes all opened higher after IBM topped profit estimates and Procter & Gamble increase the upper …
Read More »Nasdaq, Citi invest in blockchain firm
Bloomberg Nasdaq Inc and Citigroup Inc are among firms that are investing $20 million in Symbiont.io Inc, a New York-based company that’s applying blockchain technology to capital markets. Their support for Symbiont shows Wall Street’s enthusiasm for the technology behind Bitcoin hasn’t completely cooled with the collapse in cryptocurrencies. And it comes despite a growing pragmatism about the technology’s limitations …
Read More »Fed probes Deutsche Bank over suspicious Danske cash
Bloomberg The Federal Reserve is examining how Deutsche Bank AG handled billions of dollars in suspicious transactions from Denmark’s leading lender, according to people familiar with the matter, further intensifying what could be one of the biggest money-laundering scandals ever. The Fed’s probe is in an early stage as it scrutinises whether Deutsche Bank’s US operations adequately monitored funds from …
Read More »Norges Bank seen sticking to a rate increase in March
Bloomberg Norway’s central bank is seen sticking to the script this week to slowly lift interest rates as it assesses the first tightening in more than seven years. Policy makers in Oslo will leave the benchmark rate at 0.75 percent when they announce their decision on Thursday, according to all economists surveyed by Bloomberg. The meeting is in between monetary …
Read More »BOJ keeps monetary policy unchanged
Bloomberg The Bank of Japan left monetary policy unchanged as it cut its inflation outlook once again, underscoring how far away its price target is and how few options the central bank has for drawing closer. The BOJ maintained its yield curve-control program and asset purchases, it said in a statement on Wednesday, a result predicted by all but one …
Read More »South Africa inflation reaches mid-point of top bank target
Bloomberg South Africa’s inflation rate reached the mid-point of the central bank’s target range of 3 percent to 6 percent in December — something the Reserve Bank says would allow for flexibility in dealing with price shocks. Consumer-price growth slowed to 4.5 percent from a year earlier compared with 5.2 percent in November, the Pretoria-based Statistics South Africa said in …
Read More »Shutdown deprives Fed of data it’s dependent on
Bloomberg Just when the Federal Reserve most needs fresh data to keep its policy in sync with the US economy, the government shutdown is getting in the way. Timely information on economic growth, jobs, consumer spending and inflation is always crucial to monetary policy making. Now, the longest shutdown on record is blocking the collection and reporting of many of …
Read More »Boeing’s $44bn tanker may miss a milestone by 3 years
Bloomberg Boeing Co’s first aerial refuelling tanker in a $44 billion programme is scheduled to land on Friday at an Air Force base in Kansas for a celebration tempered by what now may become a delay of at least three years in meeting its most important milestone. A ceremony is planned for the arrival of the KC-46 at McConnell Air …
Read More »Philippine Airlines owner’s stocks soar on new ‘ANA report’
Bloomberg Philippine Airlines Inc’s largest shareholder jumped the most in more than five years after the Nikkei reported ANA Holdings Inc is considering investing in the Southeast Asian carrier. ANA, Japan’s biggest airline, is considering purchasing 10 percent of Philippine Airlines for 10 billion yen ($91 million), the Nikkei reported. PAL Holdings Inc, which owns most of Philippine Airlines, closed …
Read More »Spirit Air sees decision on adding smaller jets
Bloomberg Spirit Airlines Inc is targeting a decision by the middle of the year on its next order of single-aisle jets as the carrier prepares its expansion plans over the next five years. The heavy discounter is talking to each of the major manufacturers, Airbus SE, Boeing Co and Embraer SA, Chief Financial Officer Scott Haralson said on the sidelines …
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