October, 2019

• 5 October

  Mexico’s Amlo halt of oil auctions challenged

  Bloomberg Mexico’s Finance Minister Arturo Herrera said the country should debate how to exploit its deep-water hydrocarbon riches, in an apparent challenge to President Andres Manuel Lopez Obrador’s decision to suspend the private oil auctions to explore these deposits. “We need to have a profound discussion about what we are going to do with deep water, because in deep water, …

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• 5 October

  RBI vows to ease as ‘long as necessary’ after 5th rate cut

  

  Bloomberg India’s central bank Governor Shaktikanta Das pledged further monetary policy easing if needed after reducing interest rates for a fifth time to boost a flailing economy. The Reserve Bank of India (RBI) lowered its benchmark repurchase rate by 25 basis points to 5.15 percent, in line with the forecasts of a majority of economists surveyed by Bloomberg. Echoing Mario …

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• 5 October

  Yes Bank CEO expects to raise up to $1.2bn

  

  Bloomberg Yes Bank Ltd Chief Executive Officer Ravneet Gill said he expects to complete raising as much as $1.2 billion “much sooner than the market expects,” after sales of pledged shares eliminated an overhang on the lender’s stock. Gill reiterated in an interview his target of selling $1 billion to $1.2 billion of new shares to private equity investors, technology …

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• 5 October

  Brexit complicates EU money-laundering fight

  

  Bloomberg The UK’s withdrawal from the European Union is complicating the bloc’s fight against money laundering in the financial system, according to EU authorities. Firms relocating from Britain could overwhelm the national bodies that supervise anti-money laundering systems, the three EU financial regulators said in a joint report. A no-deal Brexit would make things even more difficult by disrupting the …

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• 5 October

  Vista mulls sale of stake in $10bn fintech giant

  Bloomberg Vista Equity Partners is considering the potential sale of a stake in Finastra in a deal that could value the financial technology company at more than $10 billion including debt, people familiar with the matter said. Billionaire Robert F Smith’s buyout firm is working with Goldman Sachs Group Inc to gauge interest from potential buyers, according to the people, …

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• 5 October

  Colombia isn’t mulling FX intervention: Banker

  Bloomberg Colombia’s central bank isn’t discussing taking measures to ease declines in the peso, even as the currency hit a record-low earlier this week, according to one member of the monetary policy committee. The peso has plunged 7.5 percent in the past three months, making it the worst performing emerging market currency after the Argentine peso, amid slowing global growth, …

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• 5 October

  Coinbase resumes UK fast payments post Barclays breakdown

  

  Bloomberg US cryptocurrency exchange Coinbase Inc has a new banking partner in Britain that will provide real-time payments for customers, three months after losing the service when it broke with Barclays Plc. The San Francisco-based firm, which lost its Barclays account in July, is now a client of ClearBank, a lender that started operations in 2017, according to a person …

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• 5 October

  Microsoft is back in the phone game

  

  Bloomberg Now that Microsoft has restored some of its former glory, the company is going for an even more unlikely comeback: rewriting the history of its much-maligned phone business. Three years after retreating from the smartphone business, Microsoft took the wraps off the Surface Duo, a dual-screened handheld computing device coming in time for Christmas 2020. Yes, it makes phone …

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• 5 October

  British firm building flying taxis’ hub in Singapore

  

  Bloomberg A British company says it’s building the world’s first “vertiport” for electric aircraft in Singapore, an early step towards a global network for flying taxis. Essex-based Skyports Ltd plans to show off the vertical take-off and landing station at Marina Bay during the Intelligent Transport Systems World Congress from October 21-25. Germany’s Volocopter GmbH will bring along its electric …

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• 5 October

  Huawei phones lose bootleg access to Google apps

  

  Bloomberg One of Huawei Technologies Co’s biggest trade war headaches has just gotten worse, as an unofficial workaround to the Trump administration ban on using Google apps and services has been quashed. Security researcher John Wu published an illuminating post that explained how users of Huawei’s Mate 30 Pro were able to manually download and install Google apps, despite a …

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