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Bloomberg A senior official at the International Monetary Fund (IMF) defended the Bank of Japan’s (BOJ) 2 percent inflation target as appropriate and important to achieve. “Two percent is what the central banks of major economies are pursuing,” Odd Per Brekk, deputy director of the Asia-Pacific department, said in an interview. “Over time, if this can be accomplished then it ...

Bloomberg Canadian households are wallowing in debt. Home prices are falling. Credit growth, the key driver for bank earnings, is hovering close to its slowest pace since 1983. All of which should be bad news for the country’s lenders — and good news for investors betting against them. “Should” being the operative word. Even with danger signs piling up, the ...

Bloomberg The European Union is considering hitting US goods ranging from handbags to helicopters with retaliatory tariffs to the tune of $11.5 billion in a dispute over subsidies to Boeing Co, according to a draft list seen by Bloomberg News. The plan follows a US threat to seek $11 billion in damages through duties on European goods ranging from helicopters ...

Bloomberg JetBlue Airways Corp rallied after saying it would join the hyper-competitive market for business travellers flying between the US and Europe, using Airbus SE jets with an expanded version of its premium cabin. Starting in 2021, JetBlue will make multiple daily flights from its hubs at New York’s John F. Kennedy and Boston Logan to an unspecified airport in ...

Bloomberg Kenya Airports Authority (KAA) expects its land holdings to be worth more than 1 trillion shillings ($9.9 billion) after a revaluation is concluded in a month, CEO Jonny Andersen said. “Since we’ll have a different balance sheet, we can go to the banks and ask for completely different financing because we’ll have so much value,” Andersen said in an ...

Bloomberg American Airlines Group Inc warned of first-quarter weakness, citing the grounding of its 737 Max fleet last month and the government shutdown early in the year. An industry gauge of pricing power will rise no more than 1 percent, the airline said. American predicted that the figure, revenue for each seat flown a mile, would be flat to up ...

Bloomberg Foreo, the six-year-old Swedish beauty company known for its electric facial cleansers and toothbrushes, is working with advisers as it considers selling itself, people familiar with the matter said. The firm could fetch more than $1 billion in a sale, the people said, asking not to be identified. PE firms are expected to be among the bidders, one of ...

Bloomberg Bernard Arnault, Europe’s richest man, got another boost as LVMH shares reached a record due to better-than-expected sales of Louis Vuitton handbags and leather goods. The Frenchman, whose fortune has increased by more than $19 billion in 2019, is rubbing shoulders with Bill Gates and Warren Buffett in the Bloomberg Billionaires Index, with a net worth of more than ...

Bloomberg Masayoshi Son will soon have some evidence to back his faith in ride-hailing: His stake in Uber Technologies Inc may be worth at least double the $7.7 billion he paid for it little more than a year ago. SoftBank Group Corp’s Vision Fund owns 16.3 percent of the world’s biggest ride-hailing company, according to Uber’s filing with the US ...

Bloomberg China has struck a deal with Malaysia to resume the East Coast Rail Link project at a smaller cost and scope. The project will now cost 44 billion ringgit ($10.7 billion) instead of the original 65.5 billion ringgit, according to a statement from the prime minister’s office. Premier Mahathir Mohamad revived talks on the rail link after cancelling it ...