September, 2020

• 22 September

  India stocks drop as gloomy outlook damps sentiment

  

  Bloomberg India stocks extended losses as investors reassessed the prospect of further gains amid a gloomy economic outlook. The S&P BSE Sensex lost 0.5% to 37,847.60 as of 10:06 am in Mumbai after its steepest slide in two weeks sent it below the 50-day moving average, signalling to some investors that there’s further losses to come. The NSE Nifty 50 …

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• 22 September

  South African stocks pause after 5-day losing streak

  Bloomberg South Africa’s main stock benchmark traded broadly neutral in Johannesburg, as gains by index giants Naspers Ltd, BHP Group Plc, Richemont, which make up 40% of market capitalisation, offset weakness among precious metal miners and banks. 103 of the 142 listed companies traded lower in the morning. Before the index falls for five consecutive sessions, the longest losing streak …

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• 21 September

  Friends of Covax Facility strongly supports vaccine multilateralism

  

  Abu Dhabi / WAM The Friends of the Covax Facility (FOF) strongly supports vaccine multilateralism and the goal of ensuring affordable, fair and equitable access to safe and effective Covid-19 vaccines for all. The Covax Facility is about to set a precedent of multilateral cooperation and solidarity and the FOF firmly believes in the importance and impact of this global …

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• 21 September

  Oil declines on signs of Libya restart with virus cases rising

  

  Bloomberg Oil declined as Libya signalled the resumption of some crude exports, while surging coronavirus cases cloud the outlook for demand. Futures in New York drop 2.2% to near $40 a barrel. Libya is moving closer to reopening its battered oil industry after it told companies to resume production at some fields. This will add to already rising supply from …

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• 21 September

  LafargeHolcim sets target to reduce emissions 15% by 2030

  

  Bloomberg LafargeHolcim Ltd, the world’s largest cement maker, pledged to step up efforts to cut CO2 emissions as the energy-consuming industry comes under pressure from environmental groups, lawmakers and investors. The plan includes accelerating the use of low-carbon alternatives in cement mixtures and operating its first net-zero plant by the end of the decade, the company said in a statement …

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• 21 September

  Amazon’s old planes make green pledge hard to keep

  

  Bloomberg While flight shaming and the coronavirus pandemic have spurred airlines to hasten the retirement of their oldest, fuel-guzzling aircraft, not all those planes end up in boneyards in the desert. Many find a second life in the fleets of Amazon.com Inc and other cargo carriers. Amazon has been among the biggest lessors of converted Boeing Co 767s in the …

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• 21 September

  Whistle-blower says 737 Max fixes are not enough

  

  Bloomberg A whistle-blower at Boeing Co is urging aviation regulators to add additional protections to the grounded 737 Max. Curtis Ewbank, who has previously raised concerns about the plane’s design with congressional investigators, said in comments filed with the Federal Aviation Administration (FAA) that a proposal to mandate fixes to the jet didn’t address multiple hazards identified in the two …

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• 21 September

  Singapore Air pilots agree to deeper pay cuts to save jobs

  

  Bloomberg Singapore Airlines Ltd pilots have agreed to further pay cuts to remain in employment, the carrier said. The city-state’s flag carrier and the Air Line Pilots Association — Singapore reached the agreement and the company will implement the measures for all remaining pilots in Singapore Airlines and SilkAir with effect from October 1. The deal will help to mitigate …

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• 21 September

  Philippine Air pays 80% of $329m refund requests

  Bloomberg Philippine Airlines Inc said it has received refund requests totaling 15.9 billion pesos ($329 million) amid the coronavirus pandemic, seeking customers’ understanding as it has only paid back 80% of that amount. The carrier owned by billionaire Lucio Tan has canceled more than 60,000 flights since March, affecting over 1.3 million passengers, it said in a statement. Asia’s oldest …

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• 21 September

  Woolworths CEO plans to make up lost pandemic time

  

  Bloomberg After seven months as Woolworths Holdings Ltd Chief Executive Officer, Roy Bagattini can finally make plans to visit the whole organisation. The former Levi Strauss & Co Americas boss returned to South Africa to take over the Cape Town-based retailer in mid-February and only had about a month in the office before the country entered a strict lockdown to …

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