Funding & Business
Etihad CEO on U.S. Growth, Expansion Plans
Antonoaldo Neves, CEO of Etihad Aviation Group, says the company is betting on long-term growth in the U.S., emphasizing that “the more you invest in the U.S., the more return you get.” He told Romaine Bostick on “The Close” that Etihad, as a premium carrier, plans to double its fleet, adding about 20 planes per year over the next five years. (Source: Bloomberg)
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Chancellor of the Exchequer Rachel Reeves says growth is the solution to Britain’s economic problems, but she has been boxed in by an £8 billion ($11 billion) increase in borrowing costs since her last fiscal statement in March. In her Nov. 26 budget, Reeves plans to introduce growth measures such as transport links and planning reforms, but her options are limited and she may have to rely on spending restraint and tax rises to address the economic problems. Bloomberg’s Kit Rees has more.
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Wall Street strategists see signs that investors are becoming more concerned about Federal Reserve independence as President Donald Trump seeks to impose his will on the central bank and pushes for interest-rate cuts.
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Manraj Sekhon, CIO of Templeton Global Investments, says India’s consumption tax cuts is a positive move, noting that price elasticity is higher in India compared to the US or China. He speaks exclusively on Bloomberg’s ‘Insight with Haslinda Amin’. (Source: Bloomberg)
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