November, 2020

• 7 November

  Brexit talks continue but UK’s Johnson, EU warn of differences

  

  Bloomberg UK PM Boris Johnson and European Commission President Ursula von der Leyen used a phone call on Saturday to plot the way forward towards a Brexit deal, but said that large differences still need to be bridged if there is to be an agreement. The prime minister and the EU’s chief official will now allow their negotiators to resume ...

  Read More »
• 7 November

  Malaysia imposes virus curbs in states

  Bloomberg Malaysia imposed a month-long conditional movement order in most states as the number of daily coronavirus cases hit a record. The restrictions will end on December 6, Defense Minister Ismail Sabri Yaakob told reporters. The partial lockdown in capital Kuala Lumpur, as well as the states of Selangor and Sabah will be extended when it expires on Monday, he ...

  Read More »
• 7 November

  Goldman Sachs moving up to $60bn of assets to Germany

  

  Bloomberg Goldman Sachs Group Inc. is shifting as much as $60 billion of assets from the UK to Frankfurt, the latest sign that banks are beefing up their European Union (EU) operations ahead of Brexit. The Wall Street bank plans to move between $40 billion to $60 billion to its German subsidiary by the end of the year, according to ...

  Read More »
• 7 November

  Malaysia holds key rate at record low

  

  Bloomberg Malaysia’s central bank held its benchmark interest rate at a record low, while warning of downside risks from the pandemic that threaten economy’s recovery. Bank Negara Malaysia held its overnight policy rate at 1.75% at its final scheduled meeting of the year, as expected by 17 of 22 economists surveyed by Bloomberg. The rest predicted a 25-basis point cut. ...

  Read More »
• 7 November

  Novelli expects more volatility on virus setbacks

  Bloomberg Negative surprises on Covid-19 crisis may fuel further market volatility in Europe, including potential corporate defaults next year, according to Piero Noelli, co-head of UBS Group AG’s investment bank. Lockdowns in Europe and restrictions on mobility will cause a double dip in growth in the fourth quarter, he said in an interview with Bloomberg TV’s Francine Lacqua. Setbacks on ...

  Read More »
• 7 November

  Apple all set to launch MacBooks with own chips

  

  Bloomberg Apple Inc’s 15-year relationship with Intel Corp will officially begin to unwind next week when new Mac computers are revealed. The Cupertino, California-based technology giant said that it will hold an online event dubbed “One more thing” on November 10. That “thing” will be Macs with main processors designed by Apple for the first time, replacing Intel chips that ...

  Read More »
• 7 November

  Germany probes Amazon, Apple over ‘online sales’

  

  Bloomberg Amazon.com and Apple face German antitrust scrutiny over a policy that excludes independent sellers of brand products on the online market place. Germany’s Federal Cartel Office, the country’s antitrust regulator, is probing both companies over a policy at Amazon called “brandgating,” the authority said in an emailed statement. The policy allows makers of branded products such as iPhones to ...

  Read More »
• 7 November

  Waymo begins fully driverless rides for Arizona customers

  

  Bloomberg Waymo said that it is opening its fully driverless ride-hailing service in suburban Phoenix to the public. Alphabet Inc’s self-driving car unit began ferrying a select group of a few hundred customers, known as “early riders,” in vehicles without safety drivers in the summer of 2019. After receiving feedback from those riders, who were bound by non-disclosure agreements not ...

  Read More »
• 7 November

  BMW sees China car sales recovery

  Bloomberg BMW ended an upbeat quarter for European automakers by warning that the rapidly resurging coronavirus pandemic could wreck a sales recovery driven by strong demand in China. BMW confirmed its full-year profit forecast on the back of rising sales in China. Still, the German luxury carmaker cautioned that Covid-19 is worsening in Europe’s biggest markets, with fresh lockdowns threatening ...

  Read More »
• 7 November

  Facebook posts sales jump on ad revival

  Bloomberg Facebook posted a better-than-projected gain in third-quarter revenue, indicating that a major advertiser boycott had a limited impact against the backdrop of a broader revival of spending on digital marketing. The Menlo Park, California-based company said sales rose 22% to $21.5 billion, compared with the $19.8 billion average analyst estimate in a Bloomberg survey. While Facebook reached 2.74 billion ...

  Read More »