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Bloomberg The US central bank should take its time before raising interest rates again to avoid inverting the yield curve and because inflation is still low, said Federal Reserve Bank of Philadelphia President Patrick Harker. In remarks during the annual meeting of the American Economic Association in Philadelphia, Harker also revealed a dovish rate call for 2018: two hikes instead ...

Bloomberg China’s foreign-exchange reserves posted an 11th straight monthly increase, capping a year of recovery amid tighter capital controls, a stronger yuan and resilient economic growth. The reserves climbed $20.7 billion to $3.14 trillion in December, according to a People’s Bank of China statement on Sunday, compared with a $3.13 trillion median estimate in a Bloomberg survey. That brought the ...

Bloomberg The dollar’s status as the world’s most popular funding currency is stronger than ever, helping to push the greenback lower even in the face of bullish drivers such as the US tax overhaul and higher short-term bond yields. A buoyant global economy is encouraging borrowing in dollars by overseas corporations and governments, overwhelming the domestic forces, according to Morgan ...

Bloomberg Wells Fargo & Co. spent much of 2017 trying to dig out of several consumer banking scandals. By one measure, it’s making progress. Complaints lodged against the lender with the Consumer Financial Protection Bureau through Dec 15 dropped 18% from the same period of 2016, the steepest decline among major banks, federal figures show. Still, it remained first among ...

Bloomberg For Greece, 2018 is a crucial year. The key question in the months ahead for what was once the epicenter of the European credit crisis is: Will it turn the corner and wean itself of external aid like Ireland, Portugal and Cyprus — something the Greek government wants? Or, will the current bailout program, which ends August 20, be ...

Bloomberg The price war in the American grocery aisle is getting more intense. And believe it or not, the reason isn’t Amazon.com Inc. Amazon’s debut as a brick-and-mortar grocery chain in 2017 sent tremors through the supermarket industry, with Kroger Co. and other established players losing billions in market value. But with its plans for Whole Foods developing slowly, Amazon ...

Bloomberg Airbus SE is discussing a large plane order from China during French President Emmanuel Macron’s state visit this weekend, according to people familiar with the plans. The size of the order is in flux, while talks are focussed on Airbus’s A320 single-aisle and A330 and A350 wide-body jets, said the people, who asked not to be named discussing the ...

Bloomberg After strong international tourist arrivals in 2017, Airports of Thailand Pcl surpassed Spain’s Aena SA as the world’s most-valuable airport services company. Powered by a 75 percent gain since May 1, the operator of Thailand’s main international airports also passed the 1 trillion baht ($31 billion) market capitalisation mark, joining only state-controlled energy company PTT Pcl above that milestone. ...

Bloomberg Counter Brands LLC, parent company of skin-care and cosmetics seller Beautycounter, raised about $65 million in new funding as it seeks to expand, according to a person familiar with the matter. The financing round was led by Mousse Partners and included earlier investor TPG Growth, said the person, who asked not to be identified because the details are private. ...

Bloomberg The US agency overseeing aviation safety loses its chief at midnight with no replacement in sight—days after President Donald Trump took credit in a tweet for the airlines’ safest year on record. Federal Aviation Administration head Michael Huerta, who rose unexpectedly to lead the agency in 2011 after the sudden departure of his predecessor, will step down at the ...