Year: 2020

The airline expects losses to continue increasing after 80% fewer people flew with the airline. …read more […]

It’s the final trading day of October 2020 and stocks are feeling the heat as investors are seeing the major averages about to post their worst week since March 20. …read more […]

Before the bell, US futures are back in the red after rebounding yesterday as investors were encouraged to see more signs in U.S. economic recovery. …read more […]

(Bloomberg) — In a world where sugar has attracted increasing scrutiny for its impact on health and obesity, there are moves afoot in the biggest consuming country to persuade people to eat more of the sweetener.Mills in India are eyeing increased consumption as a way to cut the nation’s chronic oversupply, which stems partly from the favorable incentives provided to growers in politically powerful rural areas. High production costs mean the country finds it hard to sell sugar on the global market without subsidies.To push forward their initiative, the mills have begun an online campaign to boost domestic demand, involving …read more […]

(Bloomberg) — Speculative investors increased bullish wagers on U.S. stocks to the highest level in almost two years after a selloff in the S&P 500 index.Net long positions in S&P 500 e-mini futures in the week to Oct. 27 were the most since January 2019, Commodity Futures Trading Commission data show.The more optimistic stance followed a slide in the S&P 500 from its September record on risks such as surging virus cases and stalled U.S. fiscal stimulus talks. The gauge fell again last week, dropping 5.6% ahead of the presidential election Tuesday amid lingering concerns of a drawn-out or contested …read more […]

Nov.01 — President Donald Trump criticized the counting of late-arriving ballots as “terrible” and said his campaign intended to fight it. He spoke Sunday in Charlotte, North Carolina. (Excerpt) …read more […]

Nov.01 — Jerome Haegeli, chief economist at Swiss Re Group, discusses how the presidential election outcome would affect the U.S. government’s policies and the global economy. He also discusses European Central Bank policy with Rishaad Salamat and Haslinda Amin on “Bloomberg Markets: Asia.” …read more […]

Nidec Corp will spend 200 billion yen ($1.9 billion) on a new plant in Serbia to build motors for electric vehicles as it seeks to win more business from automakers turning away from internal combustion engines, the Nikkei newspaper reported. Nidec founder Shigenobu Nagamori has said he wants a 35% market share for energy-saving electric motor technology know as e-axle or e-drive by 2030, which is expected to have grown ten times by then to as much as $30 billion a year. The technology is expected to make electric vehicles more affordable and help cut carbon dioxide emissions …read more […]

Nov.01 — William Huang, chairman and chief executive officer of Chinese data center company GDS Holdings Ltd., shares his growth strategy. GDS opened slightly above its offer price after raising $1.67 billion in its Hong Kong secondary listing, becoming the latest U.S.-traded Chinese company to sell shares in the financial hub amid rising Sino-U.S. tensions. Huang speaks on “Bloomberg Markets: Asia.” …read more […]

Nov.01 — Kim Hoggard, non-resident fellow at the United States Studies Centre and a former government official who has worked for Presidents Ronald Reagan and George H.W. Bush, discusses the election. Democratic nominee Joe Biden leads President Donald Trump in a series of polls released Sunday, remaining ahead nationally and in battleground states, although some state races remain extremely close. Hoggard speaks on “Bloomberg Markets: Asia.” …read more […]

Nov.01 — Wang Tao, chief China economist at UBS, discusses China’s PMI data for October and her outlook for the economy. She speaks on “Bloomberg Markets: China Open.” …read more […]

(Bloomberg) — After helping more than a million brick-and-mortar Chinese retailers modernize their operations, Alibaba Group Holding Ltd. has now set its sights on a new target: the country’s outdated factories.China’s largest corporation unveiled in September its first smart factory, a secret experiment that Alibaba’s been conducting for three years on the outskirts of its hometown of Hangzhou. The three-story facility known as Xunxi — translated literally as “fast rhino” — is the company’s attempt at leveraging its consumer data and technologies to help the multi-trillion-dollar manufacturing arena improving efficiency and meet rising consumer expectations.Read more: Alibaba’s Newest Business: Modernizing …read more […]

Nov.01 — The final stretch of the U.S. election has seen some dramatic twists, a hospitalized president, a resurgent pandemic and the death of a Supreme Court justice. None of it seemed to have altered the course that had been set months ago. Democratic nominee Joe Biden continues to lead President Donald Trump in polls released Sunday, though some state races seem extremely close. Bloomberg’s Jodi Schneider reports on “Bloomberg Daybreak: Asia.” …read more […]

Nov.01 — Democratic presidential nominee Joe Biden warns that he wouldn’t let President Donald Trump declare victory in Tuesday’s election before the results are clear. He also condemned Trump supporters’ efforts to intimidate Biden backers, including a Friday incident on a Texas highway and a partial shutdown of New Jersey’s Garden State Parkway earlier Sunday. He speaks during a campaign stop in Philadelphia. (Excerpts) …read more […]

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