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Bloomberg China’s central bank is considering a range of risks in its currency policy, including a worst-case scenario, Governor Yi Gang said. As the yuan inches closer to the psychologically important level of 7 per dollar amid rising trade tensions with the US, the People’s Bank of China governor told Bloomberg in an exclusive interview that the Chinese currency is ...

Bloomberg Kazakhstan’s central bank has a range of options besides changing its key interest rate as it looks to fine-tune monetary policy after markets stabilized and inflation came in below expectations, according to Governor Daniyar Akishev. With the benchmark held twice at 9 percent after four cuts and anticipation building that a hike is on the way, Akishev said “the ...

Bloomberg European Central Bank President Mario Draghi said the key threat facing the global economy is a jump in interest rates sparked by financial instability, inflation surprises or geopolitics. “It’s quite clear that the main risk we should focus on here is a sharp repricing in assets, or a sharp increase, a sharp and sudden increase, in interest rates,” he ...

Bloomberg Bank of England Governor Mark Carney warned against the “weaponisation” assets in the global financial system as central bank chiefs fretted about the impact of a trade war. Speaking at the Group of 30 conference in Bali, Indonesia on Sunday, Carney stressed the need for investment flows to remain open, alluding to previous warnings that US protectionism affects the ...

Bloomberg When interest rates tick higher, consumers carrying too much debt start to default. It’s the natural assumption, but Americans keep meeting their obligations. Three of the largest US banks — JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. — announced that their costs for bad loans are falling. The same strong economy pushing the Federal Reserve ...

Bloomberg Walmart Inc.’s investor day topics are likely to include updates on the Flipkart acquisition, select guidance metrics, the retailer’s e-commerce, Fresh, and international strategies. In addition, management will get a shot at easing investor concerns about wage pressures and Chinese tariffs at the 2018 Meeting for the Investment Community in Bentonville, Arkansas on Tuesday. Shares of the retail behemoth ...

Bloomberg The UK’s antitrust regulator will reassess an alliance that lets British Airways and American Airlines operate as a single business on North Atlantic routes, in a sign of the greater workload the British watchdog can expect ahead of a planned Brexit next year. The Competition and Markets Authority said it has begun an investigation into the 2008 agreement that ...

Dubai / Emirates Business For the 9th time, dnata has been named Ground Support Services Provider of the Year at the Aviation Business Awards. The award was accepted by Jaffar Dawood, Senior Vice President of dnata’s UAE airport operations, at a gala dinner in Dubai. “We are honoured to receive this prestigious award as a testament of our uncompromising focus ...

Bloomberg FamilyMart UNY Holdings Co., Japan’s second-largest convenience-store operator, will acquire a stake in discounter Don Quijote Holdings Co. in a deal valued at 212 billion yen ($1.9 billion), the company announced. Don Quijote will become the fourth-largest retailer in Japan by sales after it buys a remaining 60 percent stake in FamilyMart unit Uny that it doesn’t already own ...

Abu Dhabi / WAM Abu Dhabi will host the second edition of Agriscape, an international exhibition dedicated to agricultural investments abroad, at the Rosewood Hotel on October 29-30. The eminent gathering, which has already established a distinguished international reputation within agricultural investment, will feature lead-ing agricultural exhibitors and hundreds of buyers from aro-und the world. Organised by the Abu Dhabi ...