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BLOOMBERG  JD.com aims to create seven listed firms with market values of $14 billion apiece, outlining aggressive targets spanning two decades as it wrapped its signature 2023 sales gala with another record haul. Sales volume during its “6.18” June online bargains event, reached an all-time high, the company said in a WeChat post. The summer online sales event, in which ...

BLOOMBERG  Airbus SE is in talks with Grupo Viva Aerobus SAB for a large narrowbody aircraft order that would fuel the Mexican low-cost carrier’s expansion, people familiar with the discussions said. The companies held talks and were expected to announce an accord at the Paris Air Show starting from Monday, said the people, asking not to be identified discussing private ...

BLOOMBERG  The Federal Aviation Administration (FAA) said it will investigate an incident where the wing of a United Airlines Holdings Inc flight clipped the tail of a Delta Air Lines Inc plane at Boston Logan International airport. The incident occurred while United Flight 369 was taxiing and Delta Flight 1657 was at a holding pad, the FAA said in a ...

BLOOMBERG Global stocks fell, striking a more cautious note after Wall Street’s powerful second-quarter rally lost steam at the end of last week. Chemical and construction firms paced declines in Europe, while banking stocks outperformed. Among the biggest individual movers, Sartorius AG slumped 15% after issuing a bigger-than-expected profit warning. In Asia, disappointed hopes for further stimulus pushed down Chinese ...

BLOOMBERG India’s National Stock Exchange (NSE) is planning to offer derivatives based on its bond indexes, according to people familiar with the matter, as it seeks attract more investors to its platform. The NSE has already applied to the Securities Exchange Board of India for approval and is aiming to launch the corporate debt product by September, the people said. ...

BLOOMBERG Jerome Powell will be in the Capitol Hill spotlight a week after the Federal Reserve paused its most aggressive tightening campaign in decades, with investors watching for clues on whether central bankers are indeed leaning toward further interest-rate hikes. The Fed chair will deliver the central bank’s semi-annual monetary policy report to the House on Wednesday and the Senate ...

BLOOMBERG The bull-market rally in US stocks is about to run out of steam, according to Citigroup. Strategists at the bank led by Scott Chronert reiterated their call for the S&P 500 Index to tumble to 4,000 by year-end, and initiated a new target of 4,400 by mid-2024, or just below June 16’s 4,410 close. A lack of concrete earnings ...

BLOOMBERG Customers Bancorp Inc purchased $631 million of loans that belonged to Signature Bank, the latest example of a financial firm snapping up at a steep discount assets associated with a failed US lender. The purchase from the Federal Deposit Insurance Corp (FDIC) was at 85% of the portfolio’s book value, the West Reading, Pennsylvania-based bank said in a statement. ...

BLOOMBERG Nationwide Building Society and Atom Bank Plc announced increases in mortgage rates, joining a flurry of UK lenders who are raising prices in response to inflation. Nationwide said in an email that it would raise fixed rates by as much as 0.7%, while Atom Bank announced increases from 0.25% to 0.6%  on certain products due that same day. “With ...

BLOOMBERG Bangladesh’s central bank raised interest rates and said it will allow the currency to float freely, pledging to keep monetary policy tight to rein in inflation at a decade high. The repurchase agreement rate will increase 50 basis points to 6.5%, Governor Abdur Rouf Talukder said at a briefing in Dhaka. The reverse repo rate was renamed the standing ...