December, 2019

• 3 December

  Lord & Taylor returns to NYC with a mini store

  

  Bloomberg Lord & Taylor began 2019 by closing its massive New York store after more than a century in business. It will end the year by opening a tiny new one. The department store will return to Manhattan this holiday season as a temporary shop, according to a person familiar with the matter who asked not be identified because the …

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• 3 December

  EasyJet set for a return to FTSE 100

  Bloomberg EasyJet Plc is set to return to Britain’s benchmark FTSE 100 index six months after the budget carrier was demoted, the benchmark compiler said. The airline will replace specialist insurer Hiscox Ltd., which will be relegated to the FTSE 250, according to a statement from FTSE Russell. The index review will be based on closing prices on Tuesday and …

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• 3 December

  Amazon, Walmart face ire of 70mn India shopkeepers

  

  Bloomberg In the heart of New Delhi’s largest wholesale bazaar, merchants who normally compete with each other have united against a common enemy. “Amazon, Flipkart!” one merchant after another shouts into a microphone from a small stage in Sadar Bazaar’s central traffic circle. Some 50 other shopkeepers gathered around shout back in unison: “Go back! Go back!” The sit-in, which …

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November, 2019

• 27 November

  Sheikh Khalifa reiterates UAE’s support for Palestinians at UN

  NEW YORK / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has reiterated the UAE’s support for the aspirations of the Palestinian people to self-determination, highlighting the country’s regional and international efforts to ease their suffering. He made this statement as part of a solidarity message directed to Ambassador Cheikh Niang, Chair of the United Nations, UN, Committee …

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• 27 November

  US-China trade deal in its ‘final throes’: Trump

  

  Bloomberg President Donald Trump declared that talks with China on the first phase of a trade deal were near completion after negotiators from both sides spoke by phone, signaling progress on an accord in the works for nearly two years. “We’re in the final throes of a very important deal,” Trump told reporters at the White House. “It’s going very …

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• 27 November

  Oil drops as production hit record high

  Bloomberg Oil sank as production hit a record high and refinery demand slipped, pushing stockpiles higher across US. Futures fell as much as 0.8% in New York after Energy Information Administration (EIA) reported that the US commercial crude inventories rose 1.57 million barrels last week and output hit 12.9 million barrels a day. The EIA report also showed gasoline inventories rose …

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• 27 November

  Vietnam attracts $31.8b in FDI in eleven months

  

  HANOI / WAM Vietnam attracted $31.8 billion in Foreign Direct Investment (FDI), in the first eleven months of 2019, up 3 percent year-on-year, according to the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment. Of the figure, $14.68 billion was poured into 3,478 new projects, up 28 percent for the number of projects but down 7 percent …

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• 27 November

  World needs $500 billion a year to ensure social protection: ILO

  

  GENEVA / WAM More than $500 billion a year needs to be invested if countries are to meet a basic set of social protection measures – known as a social protection floor – by 2030, says a new ILO report. According to report, measuring financing gaps in social protection for achieving SDG target 1.3: Global estimates and strategies for developing …

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• 27 November

  US equity futures rise; dollar gains with Treasury yields

  

  Bloomberg US equity futures edged up while stocks climbed globally as the risk-on mood that’s driven American benchmarks to record highs showed few signs of abating. The dollar gained and Treasury yields rose after data on economic growth and claims for unemployment beat analysts’ expectations. Contracts on the S&P 500 trimmed some of its advance as farm-equipment maker Deere & …

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• 27 November

  Hong Kong stock’s 78% collapse adds to sudden crashes wave

  

  Bloomberg A third Hong Kong stock in less than a week lost most of its value in a sudden one-day plunge, underscoring concern that the $5.2 trillion market has become a breeding ground for wild volatility. China First Capital Group, an investment company that focusses on financial and education services, plunged as much as 78% on Wednesday before trading was …

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