November, 2019

• 3 November

  Sharjah records AED4.2b realty transactions in Q3

  

  SHARJAH / WAM Real estate transactions have recorded AED4.2 billion in the Emirate of Sharjah during the third quarter of 2019, while the total areas covered in the “sales transactions” in the emirate reached 9.5 million feet, as per the latest report of the Sharjah Real Estate Registration Department (SRERD). Abdulaziz Ahmed Al Shamsi, Director-General of SRERD, said that the …

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• 3 November

  Dates for 16th International Property Show announced

  

  Dubai / Emirates Business Dubai Land Department (DLD) announced the 16th edition of International Property Show (IPS) in partnership Real Estate Investment Management and Promotion Centre to promote the emirate’s property market. The partnership is a qualitative leap that will bring DLD’s strategic initiatives and projects in the real estate sector. IPS, the Middle East’s biggest property sales platform, that …

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• 3 November

  BOE governor race thrown into turmoil by Dec election

  

  Bloomberg While the appointment of Mark Carney’s successor has been officially delayed, a frenzy of speculation about who will get the job was seen. Several reports on the government’s favourites were met with news that there is no preferred candidate at this time. The confusion sums up what has thus far been a chaotic appointment process, continually delayed by Brexit. …

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• 3 November

  Negative rates to hurt Deutsche’s customers

  

  Bloomberg Deutsche Bank AG will pass on negative interest rates only to larger corporate customers or the deposits of wealthy individuals and spare most retail clients, Deputy Chief Executive Officer Karl von Rohr said in an interview with Frankfurter Allgemeine Sonntagszeitung. The bank is talking to the customers affected and they understand the issues, von Rohr said. German banks have …

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• 3 November

  Goldman says potential RBA QE might not pack a punch for Australian stocks

  

  Bloomberg Australia’s stock market may not get the kind of boost historically seen in its peers should the country’s central bank unleash quantitative easing, according to Goldman Sachs Group Inc. The problem is already-low bond yields and elevated equity valuations, Goldman analysts Matthew Ross and Bill Zu wrote in a November 1 note. While Goldman still doesn’t see Reserve Bank …

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• 3 November

  Bumper real yields make Philippine peso strong

  

  Bloomberg The Philippine peso has a secret weapon that has made it one of Asia’s best-performing currencies this year: bumper real yields. While the central bank has cut interest rates three times this year to spur growth —which typically saps demand for a currency — slowing inflation has ensured that real yields on the nation’s bonds have remained among the …

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• 3 November

  India’s Yes Bank tops loss estimates over bad loans

  Bloomberg Yes Bank Ltd, the Indian lender that’s been courting investors following management turmoil and scrutiny of bad loans, posted a bigger-than-expected second-quarter loss as soured debt increased and the firm took a one-time charge. The loss totalled 6 billion rupees ($84.7 million) for the three months ended on September 30, compared with net income of 9.65 billion rupees a …

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• 3 November

  JPMorgan tests its health venture on bank employees

  

  Bloomberg JPMorgan Chase & Co and Amazon.com Inc have begun testing the new health-care venture they’re developing with Warren Buffett’s Berkshire Hathaway Inc, rolling out some of the new offerings to employees in a handful of states. Under the program, called Haven Healthcare, JPMorgan is offering its 30,000 workers in Ohio and Arizona two plans for 2020 run by Cigna …

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• 3 November

  Main Street trouncing Wall Street in game of earnings guidance

  

  Bloomberg Stock investors have stopped heeding the increasingly skeptical message of Wall Street earnings forecasters. Maybe everyone should. Pessimism of any type is starting to look like a misjudgment in the stock market of 2019, a year with a shot at becoming one of the best in decades. The S&P 500 has surged for four straight weeks, closing at a …

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• 3 November

  ‘Bull market’ heats up again as yearly advance hits 22%

  

  Bloomberg It’s old, but it’s not slowing down. A bull market that traces its lineage to the depths of the financial crisis is revving up again, notching its fourth straight weekly gain and pushing its advance in 2019 past 22%. After wavering at mid-year amid a US-China trade war and recession anxieties, American stocks are back in melt-up mode, ending …

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