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Bloomberg Federal Reserve Bank of Boston President Eric Rosengren said it’s too early to tell whether the escalating trade war and the resulting financial market reaction will last long enough to hurt the US economy and alter monetary policy. “It’s a little premature to think about the outlook” for the economy, Rosengren said in an interview in Boston. “This is ...

Bloomberg Deutsche Bank AG and UBS Group AG’s talks on combining their asset management businesses to create a European powerhouse have stalled, according to people familiar with the matter. A deal is now seen as increasingly unlikely after disagreements emerged over who would retain majority control of the combined entity, the people said, asking not to be identified as the ...

Bloomberg The Bank of Canada and Monetary Authority of Singapore have sent each other digital currencies using blockchain technology, marking the first such successful trial between two central banks. The pair have been collaborating on the use of distributed ledger technology and central bank digital currencies to make the cross-border payments process cheaper, faster and safer, they said in a ...

Bloomberg Benoit Coeure is possibly the best-qualified candidate to be the next European Central Bank president, but that may not be enough. The Frenchman has played a key role implementing the ECB’s crisis measures in almost eight years as a board member. With a stellar career and education, officials often cite him as the bank’s preferred option and one of ...

Bloomberg Swedish inflation was back at the target in April, bringing comfort to the Riksbank as it struggles to bring interest rates back above zero after years of extreme monetary policy. Consumer prices with a constant interest rate rose an annual 2.0% in April, according to Statistics Sweden. That was in line with the 2.0% predicted in a survey of ...

Bloomberg Nearly 20 years after abandoning his hostile bid for Air Canada, Gerry Schwartz finally got his airline by agreeing to buy WestJet Airlines Ltd for C$3.5 billion ($2.6 billion). Schwartz’s private equity firm Onex Corp agreed to pay cash for Canada’s second-biggest carrier, and plans to take the company private in one of the buyout firm’s biggest deals. Onex ...

Bloomberg Amazon.com Inc is launching a delivery option that will let customers retrieve parcels from staffed counters at UK and Italian retailers, aiming to take advantage of the popularity of click-and-collect services across Europe. The US online retailer has struck a partnership with Next Plc to operate the counters at the apparel chain’s more than 500 outlets across Britain, where ...

Bloomberg Air France plans to cut as many as 465 jobs as it slashes short-haul capacity in a bid to stem losses amid competition from low-cost airlines and high-speed trains. The biggest division of Air France-KLM Group will eliminate the positions on French domestic routes over the coming year, it said in a statement. Consultation with unions and other stakeholders ...

Bloomberg Fast Retailing Co, Asia’s largest retailer, said hackers may have gained access to the personal information of about half a million users of its Uniqlo and GU brand e-commerce portals. Hackers accessed at least 460,000 accounts registered on Fast Retailing’s Japanese shopping websites, the company said. Users’ personal information, purchase history and parts of credit card numbers may have ...

Bloomberg Dirgantara Indonesia, a supplier of aluminum wing components for Airbus SE’s A320 and A380 model jets, is developing the production capability to supply non-metal aircraft parts as well. The company is “exploring opportunities” to produce so-called composite parts — typically made from fiberglass or carbon fiber — for both Airbus and Boeing Co within the next two years, President ...