February, 2019

• 2 February

  Barclays to shift $217bn assets to Dublin

  

  Bloomberg Barclays Plc won permission to transfer large parts of its business from Britain to its Dublin-based subsidiary if needed, with a judge disclosing that the Brexit-driven move could affect thousands of the bank’s corporate clients. The London-based bank had requested court approval for the potential move, which was granted by High Court Judge Richard Snowden. Snowden described the move ...

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• 2 February

  Now, India shadow banks face Essel risk

  Bloomberg India’s shadow lenders are facing a fresh threat, just as they were starting to recover from the fallout of landmark defaults last year by one of their own. The lenders could come up against a new cash shortage, if concerns about debt at conglomerate Essel Group ricochet through India’s money markets, according to Citibank and Credit Suisse. There’s reason ...

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• 2 February

  HNA selling last Kai Tak airport plot in Hong Kong to Wheelock

  

  Bloomberg HNA Group Co., the debt-laden Chinese conglomerate on a selling spree, agreed to dispose of its last plot of land near Hong Kong’s former Kai Tak airport, ending ambitions for a massive residential project in the world’s most expensive property market. A unit of Wheelock & Co. agreed to buy the land from HNA’s Hong Kong International Construction Investment ...

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• 2 February

  Hong Kong eyes sea, golf courses to solve housing crisis

  

  Bloomberg Hong Kong’s limited supply of land has forced it to look at unusual and costly options to address a chronic homes shortage in the world’s least affordable housing market. One of the ideas the government is considering is to build four artificial islands in its central waters. This would cost HK$500 billion ($63.7 billion), the South China Morning Post ...

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• 2 February

  Apple plans new 3D camera for 2020 iPhones

  

  Bloomberg Apple Inc. plans to launch iPhones with a more-powerful 3-D camera as soon as next year, stepping up the company’s push into augmented reality, according to people familiar with the plans. The rear-facing, longer-range 3-D camera is designed to scan the environment to create three-dimensional reconstructions of the real world. It will work up to about 15 feet from ...

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• 2 February

  Nokia slumps over ‘bumpier’ 5G outlook

  

  Bloomberg Nokia Oyj forecast a stagnant market for phone equipment this year, sending shares down the most in six months as investors looking for signs it could benefit from a crackdown on Chinese rival Huawei Technologies Co. were disappointed. Nokia also projected weaker-than-expected 2019 earnings as carriers delay buying the 5G systems that are key to its growth, including in ...

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• 2 February

  China blocks Microsoft Bing due to tech error

  

  Bloomberg Microsoft Corp.’s search engine Bing was blocked in China due to an accidental technical error rather than an attempt at censorship, according to people familiar with the matter, and the search engine is once again accessible in the country. The government had no intention to block Bing when it stopped working. Microsoft said in a statement that Bing’s service ...

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• 2 February

  A tech firm far from Silicon Valley churns out billionaires

  

  Bloomberg Adyen NV says it saves merchants millions of dollars by streamlining card-payment transactions. The fintech firm, thousands of miles from Silicon Valley, is making its founders a lot more. Chief Executive Officer Pieter van der Does, Chief Technology Officer Arnout Schuijff and former innovation director John Caspers have all become billionaires since Adyen’s June initial public offering, according to ...

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• 2 February

  Amazon, Walmart reel as India curbs plunge market into chaos

  

  Bloomberg Amazon.com Inc. and Walmart Inc.’s grand plans for India were thrown into chaos after the country implemented new e-commerce regulations, which could cut their growth in the market by as much as half this year. Prime Minister Narendra Modi’s government tightened rules for the retail giants after strident complaints from small shops and domestic sellers. Amazon and Walmart’s Flipkart ...

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• 2 February

  Boeing vows new cash gusher after sales top $100bn

  

  Bloomberg Boeing Co. soared after reporting record cash for 2018 while cracking the $100 billion sales barrier for the first time in its 102 years — and the US planemaker says the best is yet to come. Revenue, earnings and cash are all poised to rise this year, building on fourth-quarter earnings that beat estimates, the company said in a ...

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