November, 2018

• 25 November

  Grim stock signals pile up as Wall Street mulls ‘recession’

  

  Bloomberg Nine turbulent weeks and a correction in US stocks have left analysts with a thorny question. What’s the market saying about the economy? And while few see incontrovertible signs investors are bracing for a recession, it’s a word that’s been coming up more as they seek a signal in the chaos. From the ascent of defensive industries to the ...

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• 25 November

  UBP goes treasure hunting in Asia as stock markets crash

  

  Bloomberg The tech sell-off isn’t something UBP Asset Management Asia Ltd.’s Michiel van Voorst is too worried about. What he’s interested in: treasure hunting in the market wreck. The chief investment officer for the region’s equities sees opportunities to invest in companies trading at 6 to 7 times price-to-earnings ratios and around 5 percent dividend yields. That gives investors plenty ...

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• 25 November

  US existing-home sales rise for first time in 7 months

  

  Bloomberg Sales of previously owned US homes rose in October for the first time in seven months, suggesting demand is stabilising at a lower level as available properties become less scarce. Contract closings increased from the prior month to an annual rate of 5.22 million, the National Association of Realtors said. That compared with economists’ projections for sales of 5.2 ...

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• 25 November

  China mulls tax cut for parts to aid home-built aircraft

  

  Bloomberg China is discussing a plan to cut tariffs on plane parts imported for domestically developed commercial aircraft, a person familiar with the matter said, a move that may also benefit suppliers such as General Electric Co. and Honeywell International Inc. The Finance Ministry proposal, being reviewed by the State Council, could win approvals in a few weeks, the person ...

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• 25 November

  J Crew, Lululemon find e-comm surge stresses websites

  

  Bloomberg Black Friday is now possible from the comforts of your living room — but only if retailers’ websites are functioning properly. Some frustrated shoppers are finding that’s not the case. In a year when digital sales are soaring, several big-name chains have reported issues with their online shopping systems. J Crew reported on Twitter that it was experiencing “some ...

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• 25 November

  Almada PE fund sees value in used Boeing 737 planes

  

  Bloomberg Canada’s newest player in the aircraft leasing business is ready to flex its muscles. Almada Inc., a Toronto-based private equity firm, is looking to buy as many as 10 additional aircraft for its new leasing fund after acquiring its first five planes. Having raised $80 million ($61 million) from wealthy individuals earlier this month, it has commitments for another ...

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• 25 November

  Handbag superpowers Kors, Coach fight for crazed Macy’s shoppers

  

  Bloomberg During the holiday shopping frenzy that grips America every year, the handbag wars descend upon midtown Manhattan with unbridled fury. Specifically, the largest department store in the country: the Macy’s flagship. The behemoth opens its doors on Thanksgiving afternoon to thousands of shoppers, and the first thing they see are the bags. Employees on the front lines brace for ...

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• 25 November

  Amazon warehouse workers protest in Europe on Black Friday

  

  Bloomberg Amazon.com Inc. employees in Europe protested warehouse working conditions, some using the slogan “we are not robots”, in another challenge for the world’s biggest online retailer heading into its busiest time of year. Workers in Germany, Spain, and France walked off the job at Amazon fulfillment centres on Black Friday, one of the busiest online shopping days of the ...

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• 24 November

  DLD organises real estate exhibition in Azerbaijan

  

  Dubai / WAM The Dubai Land Department (DLD), the main sponsor of “RecExpo 2018,” has organised the fourth edition of the event in the capital of Azerbaijan, Baku. The three-day event complements the local economy in Azerbaijan and the growing demand for foreign investment. The RecExpo is considered the only international real estate exhibition to be held in Azerbaijan, witnessing ...

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• 24 November

  Tax refunds scheme for tourists a success: FTA

  

  Emirates Business The Federal Tax Authority (FTA) asserted that the digital system for the tax refunds for tourists scheme has achieved notable success since it came into effect, noting that FTA officials were present at the Abu Dhabi, Dubai, and Sharjah international airports — the ports of entry included in the first phase of the project — to verify that ...

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