October, 2020

• 10 October

  Microsoft Corp unveils cheaper Surface laptop

  Bloomberg Microsoft Corp. unveiled the cheapest-ever model of its Surface laptop, aiming to take a larger share of the lucrative notebook computer market by targeting students and budget shoppers. The Surface Laptop Go, starting at $549, is smaller and lighter than the company’s other notebooks and has a fingerprint scanner to log in. The device comes in three metallic finishes …

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• 10 October

  Amazon ends development of Crucible

  Bloomberg Amazon.com Inc. ended development of its first big-budget video game Crucible, highlighting the online retailer’s continued struggle to make headway in the industry. “We didn’t see a healthy, sustainable future ahead of Crucible,” the company said in a blog post. The team working on the project will be moved to other upcoming games and customers will get refunds, it …

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• 7 October

  Opec: UAE plays key role to establish understanding among members

  

  ABU DHABI / WAM The Organisation of the Petroleum Exporting Countries (Opec), lauded the role played by the UAE within the organisation, stressing that the country has gained everyone’s respect, as it has helped establish understanding and agreement among Opec members in all matters related to the global oil market. In a report issued by the organisation on the occasion …

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• 7 October

  Whole Foods is left behind in Amazon’s virus-fuelled boom

  

  Bloomberg With millions of Americans still sheltering in place and cooking their own meals, the grocery industry has been one of the few bright spots in an otherwise battered US economy. Unless, that is, you are Whole Foods Market, the upscale chain acquired three years ago by Amazon.com Inc. Trips to Whole Foods in September were down 25% from a …

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• 7 October

  AirAsia X restructuring plan fails to lift spirits

  

  Bloomberg AirAsia X Bhd’s restructuring plan was met with bleak forecasts and ratings from analysts as well as a 10% drop in its share price, underscoring the daunting challenges that lie ahead for the grounded carrier. Public Investment Bank Bhd maintained its underperform rating and 1 sen price target on the airline, the long-haul arm of AirAsia Group Bhd. Max …

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• 7 October

  Airbus unveils business jet in hunt for demand

  Bloomberg Airbus is betting that its corporate-jet division won’t be as hard hit by the pandemic as commercial flights as the planemaker unveiled a business version of its A220 model. The aircraft will have three times more cabin space and cost about a third less to run than competing models, said Airbus, which took over the development of the plane …

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• 7 October

  UK house prices rise most in September since 2016

  Bloomberg UK house prices rise at their strongest annual pace since 2016 last month as Britons’ changing work patterns and a tax reduction on purchases fanned a resurgence. Average house prices rise 7.3% in September from a year earlier to a record average of 249,870 pounds ($323,000), mortgage lender Halifax said on Wednesday. On the month alone, prices gained 1.6 …

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• 7 October

  S&P futures rise, Treasuries decline amid Trump tweets

  

  Bloomberg US equity futures rise after President Donald Trump called for a reduced group of stimulus measures. Euro-area bonds climbed before the region’s central bank president speaks. Food retailer Tesco Plc jumped when its earnings beat estimates. Ambu A/S surged after the maker of life-support equipment won a key US contract. The Stoxx Europe 600 Index fluctuated as insurers and …

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• 7 October

  India stocks climb after volatile start

  

  Bloomberg Indian stocks rise after a volatile start as the central bank’s new monetary policy committee began meeting ahead of a decision later this week. The S&P BSE Sensex advanced 0.8% to 39,871.03 as of 10:47 am in Mumbai, after slipping as much as 0.3%. The NSE Nifty 50 Index added 0.4%. Gains were driven by India’s most valuable company, …

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• 7 October

  South Africa’s main stock index advances

  Bloomberg South Africa’s main stock index advance 0.2% by 9:45 am in Johannesburg as a stronger rand boosts shares in banks and gains for diversified miners counter weakness in gold and platinum producers. Investors will be keeping an eye on developments around a national strike by unions representing workers across a range of industries, to highlight a litany of grievances, …

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