November, 2022

• 29 November

  Toyota global output slows from record as challenges persist

  

  Bloomberg Toyota Motor Corp produced 771,382 vehicles in October, down from a record of 887,733 the previous month, and warned of an uncertain outlook due to Covid and semiconductor shortages. Output was up 23% from October 2021, when supply chains were disrupted by the spread of Covid in Southeast Asia, Toyota said in a statement. The world’s biggest automaker is ...

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• 29 November

  Vitamins are resilient to Asia downturn: Blackmores CEO

    Bloomberg Asian markets including China continue to show growing demand for high quality dietary supplements despite Covid-related disruptions and the general economic downturn, according to Australian vitamin manufacturer Blackmores Ltd. The company expects spending on vitamins and supplements to remain resilient to economic slowdowns, CEO Alastair Symington said in an interview with Bloomberg Television.

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• 29 November

  Fosun mulls sale of India’s $3.6 billion Gland Pharma

  

    Bloomberg Billionaire Guo Guangchang’s Shanghai Fosun Pharmaceutical Group Co is considering a sale of Indian drugmaker Gland Pharma Ltd after receiving interest from potential buyers, people familiar with the matter said. Fosun Pharma, a listed arm of Chinese conglomerate Fosun International Ltd, has been working with an adviser as it informally gauges interest in its controlling stake in Gland, ...

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• 29 November

  Taiwan cuts its 2022 GDP forecast again

    Bloomberg Taiwan cut its 2022 growth forecast for the third time this year as the global demand slowdown and rising geopolitical tensions with China prove tough to navigate. Gross domestic product is likely to grow 3.06% for the year, the cabinet’s statistics department said. That’s lower than the last formal estimate of 3.76% given in August. The official 2023 ...

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• 29 November

  China pushes elderly vaccination as reopening pressure grows

  

  Bloomberg China said it would bolster vaccination among its senior citizens, a move regarded by health experts as crucial to reopening an economy stuck in an endless loop of harsh Covid Zero curbs. But it stopped short of announcing mandates that helped raise inoculation rates in other countries. Instead, officials vowed to push shots harder in places like nursing centres, ...

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• 29 November

  Ukraine’s pleas to join Nato grow, 14 years following compromise

  

  Bloomberg Ukraine’s Nato partners are set to discuss more air-defense systems for the fight against Russia this week, but there won’t be any meaningful progress on a 14-year-old pledge to let Kyiv join their alliance. Nato foreign ministers started holding two days of talks from Tuesday in Bucharest, the site of a 2008 summit at which Ukraine and Georgia were ...

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• 29 November

  Sweden, Finland must do more for Nato bid: Turkey

  

  Bloomberg Sweden and Finland have made progress towards winning Ankara’s approval for them to join Nato but they have to go further, Turkish Foreign Minister Mevlut Cavusoglu said. “There are still some issues, they made some progress and some steps were taken but at this moment it’s not sufficient enough,” Cavusoglu told Bloomberg before meeting his Swedish and Finnish counterparts ...

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• 29 November

  Taliban offshoot ends Pakistan truce, orders attacks

  

    Bloomberg Pakistan’s junior foreign minister is in Kabul for talks with the Taliban regime a day after a local offshoot of the extremist group ended a ceasefire with the government in Islamabad and announced a resumption of attacks across the nation. Hina Rabbani Khar will hold talks with the Afghan government on multiple issues, including security, according to a ...

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• 29 November

  Meloni dismisses clash with France over migrant ships

    Bloomberg Italian Prime Minister Giorgia Meloni is ready to meet with French President Emmanuel Macron to help the two countries get past a diplomatic spat over rescue ships carrying migrants across the Mediterranean, Corriere della Sera reported. “I never had issues with France and I don’t have them today,” Meloni said in an interview with the daily published. “But ...

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• 29 November

  Goldman Sachs shifts some London traders to Milan

  

    Bloomberg Goldman Sachs group Inc is shifting some of its euro swaps trading desk to Milan from London, the latest example of roles moving to the continent after Brexit. The Wall Street giant is relocating staff as it bolsters European offices in the wake of the UK’s departure from the European Union, according to people familiar with the matter. ...

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