June, 2020

• 20 June

  HDFC plans to raise $1.8 billion

  Bloomberg Housing Development Finance Corporation (HDFC) plans to raise $1.8 billion through the sale of shares or bonds, as financiers across India seek to boost buffers amid coronavirus. The money will be used for purposes including organic growth, acquisitions and to maintain sufficient liquidity, India’s biggest mortgage lender said in a statement. HDFC becomes the latest to join other lenders …

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• 20 June

  HSBC hits out at ‘rumours’

  Bloomberg HSBC Holdings Plc hit out at unspecified “internet rumors’ in China, pledging to continue to invest and support Chinese economy as tensions grow. In a statement on its official WeChat account, the bank urged the Chinese public to “reasonably” consider and assess its positive role as an international bank in the development of China’s market. “We have noticed some …

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• 20 June

  Twitter says you can speak rather than type when you tweet

  

  Bloomberg Twitter Inc. will let users record and post their tweets as short audio clips directly in the app, which other users can then listen to from their Twitter feed. The idea is to give people more space to share than allowed by typing the maximum 280 characters. “Sometimes 280 characters aren’t enough and some conversational nuances are lost in …

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• 20 June

  Lyft says all rides will be in electric cars by end of 2030

  

  Bloomberg Lyft Corp. is committing to make 100% of its trips in electric vehicles by the end of 2030. But to get there, it’ll need the support of policymakers and automakers, a robust charging network, and most of all, its drivers’ cooperation. Ride-hailing companies have struggled as governments asked citizens to stay home to manage the spread of Covid-19. Uber …

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• 20 June

  Germany’s fintech star falls after missing billions at Wirecard

  

  Bloomberg Just a month ago, the chief executive officer of Wirecard AG boasted on Twitter that the future would still be bright for the digital payments company when “all the noise and dust settles.” At the time, Markus Braun was a paper billionaire. But over the course of a couple of days, the fintech veteran has been forced to step-down …

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• 18 June

  Ambani nears deal to buy stake in Amazon’s partner

  

  Bloomberg Reliance Industries Ltd. is closing in on a deal that would see it acquire stakes in some units of Future Group, people familiar with the matter said, a move that would bolster the e-commerce ambitions of the conglomerate and its billionaire Chairman Mukesh Ambani. An agreement between Ambani’s Reliance and Future, which already has a partnership with Amazon.com Inc., …

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• 18 June

  Oil shows signs of stronger demand despite virus danger

  

  Bloomberg The oil market showed signs of tighter supply as key gauges of its health rallied, although concerns remain over a resurgence in coronavirus cases in China and the US. Futures in London and New York gained, while Brent for August was trading above the September contract, a sign of scarcer supply in Europe’s physical market. Oil prices in the …

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• 18 June

  Chevron to start sale process for North West Shelf LNG stake

  

  Bloomberg Chevron Corp will start a sales process for its interest in the North West Shelf project in Australia, one of the nation’s first liquefied natural gas export ventures, after receiving a number of approaches from potential buyers. The US energy major has been looking to make cutbacks as the industry grapples with a once-in-a-generation collapse in demand because of …

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• 18 June

  Sasol to curb its oil expansion, consider job cuts amid revamp

  

  Bloomberg Sasol Ltd is reining in oil expansion and considering job cuts as part of ongoing efforts to turn the business around and protect itself from market downturns. The overhaul at the South African company follows a 50% slump in its shares this year as oil’s crash strained finances already pummeled by cost overruns at a giant US chemicals project. …

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• 18 June

  Ikea to assemble own solar plant

  

  Bloomberg Ikea wants to assemble its own little power plant. The Swedish flat-pack furniture giant plans to cover every inch of rooftop space at one of its 10 Australian megastores, including purpose-built car parks, with solar panels. Together with big-battery storage and other technology, the operation will not only be energy self-sufficient, but will also be able to feed excess …

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