Boeing’s production cuts have sent shockwaves through the aviation industry, forcing suppliers to lay off thousands of employees. Tool Gauge reconfigured its operations just after opening a new facility in Tacoma, Wash., designed to manufacture Boeing parts. Photo: Joel Winter for The Wall Street Journal …read more […]
Oct.19 — Bruegel Director Guntram Wolff discusses Brexit negotiations and the potential for a “no deal” departure. He speaks on “Bloomberg Markets: European Open.” …read more […]
A Puerto Rico-based bank founded by long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion. …read more […]
Oct.19 — With the presidential election little more than two weeks away, Bloomberg’s Derek Wallbank considers the importance of early voting, the latest polls, and a subtle shift in the rhetoric of Republican senators which could indicate which whether Donald Trump or Democrat Joe Biden are heading for victory. Wallbank reports on “Bloomberg Markets: European Open.” …read more […]
US president Donald Trump announced on August 11, 2020, that the “Made in Hong Kong” label could no longer be used on US-bound exports from the city. The order, which requires Hong Kong exports to be labelled as “Made in China”, came as Washington imposed sanctions against Hong Kong over a national security law imposed on the city by China’s central government.
Two local businessmen spoke with the South China Morning Post about how policy has affected their operations. Both were concerned that… …read more […]
(Bloomberg) — ESG investing is the most significant development in money management since the creation of the exchange-traded fund two decades ago and it will reshape finance just as passive funds have.That’s the finding of a new report from PwC that forecasts as much as 57% of mutual fund assets in Europe will be held in funds that consider environmental, social and governance factors by 2025, or 7.6 trillion euros ($8.9 trillion), up from 15.1% at the end of last year. In addition, 77% of institutional investors surveyed by PwC said they plan to stop buying non-ESG products within the …read more […]
Oct.19 — Tech is “having the time of its life and is not going anywhere, vaccine or no vaccine,” says Baring Investment Services Chief European Strategist Agnes Belaisch. She speaks on “Bloomberg Markets: European Open.” …read more […]
(Bloomberg) — Danone is reviewing its entire portfolio for underperforming assets in Chief Executive Officer Emmanuel Faber’s biggest shakeup of the French yogurt maker, whose shares are languishing near a six-year low.The company is putting the Vega protein powder brand up for sale as well as a unit in Argentina, getting rid of businesses that contribute 500 million euros ($585 million) to revenue. The stock rose as much as 1.8% in Paris.Two weeks after raising 470 million euros by selling a stake in Japanese beverage maker Yakult Honsha Co. and ending a two-decade alliance, Faber is set to divest even …read more […]
The Dow Jones is rising this Friday, looking for its first daily gain in four sessions after the release of strong U.S. consumer data to end a volatile week. …read more […]
As a volatile trading week winds down, US stock futures are consolidating ahead of the open. Also, the Nasdaq is in focus. …read more […]
Oct.19 — Helen Qiao, chief Greater China economist at BofA Securities, discusses the health of the world’s second-largest economy and its policies. Gross domestic product climbed 4.9% in the third quarter from a year ago. That’s lower than economists forecast. Retail sales expanded 3.3% in September, industrial production grew 6.9% in the month and investment growth accelerated to 0.8% in the nine months to the end of the quarter. Qiao speaks on “Bloomberg Markets: Asia.” …read more […]
(Bloomberg) — Oil was steady near $41 a barrel in New York before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus.The Joint Ministerial Monitoring Committee, which typically reviews compliance to the group’s pledged output cuts, will meet online Monday. While no supply decisions are expected until the conclusion of a gathering on Dec. 1, leading members Saudi Arabia and Russia are stepping up diplomacy as the market faces more crude from Libya and OPEC predicts less demand for its oil.House Speaker Nancy Pelosi, meanwhile, set a Tuesday …read more […]
Oct.18 — Conrad Clifford, regional vice president for Asia Pacific at the International Air Transport Association, looks at how the coronavirus outbreak is affecting the global airline industry. Singapore and Hong Kong will open their borders to one another for the first time in almost seven months, exempting people in both cities from compulsory quarantine in an agreement that will reinstate links between Asia’s two premier financial hubs. Clifford speaks on “Bloomberg Markets: Asia.” …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
