October, 2020

• 25 October

  Ant set pricing for world’s largest IPO: Ma

  

  Bloomberg Ant Group Co set the price of its record initial public offering in Shanghai, its billionaire founder Jack Ma said, without disclosing the price. Ma’s Chinese fintech giant is one of the most hotly anticipated IPOs in years, on course to make history by surpassing Saudi Aramco’s record $29 billion share sale in 2019. He commented on the pricing ...

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• 25 October

  Apple cable supplier to start production in India

  

  Bloomberg Cheng Uei Precision Industry Co, a Taiwan-based cable and connector maker, will start mass production for Apple Inc later this year from its new plant in India, according to a person familiar with the matter, the latest sign of the US company’s increasing presence in the South Asian country. Apple’s major assembly partners, Taiwan’s Foxconn Technology Group, Pegatron Corp ...

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• 25 October

  Beijing reconsidering its global strategy for yuan

  

  Bloomberg China is reconsidering its strategy for the internationalisation of the yuan and planning for more policy support after completing a comprehensive review recently, according to a senior central bank official. “As everybody knows in the past, the internationalisation of the RMB (yuan) sticks to the market principles,” Zhu Jun, director general of the People’s Bank of China’s international division, ...

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• 25 October

  Trump’s rural edge shrinks with enthusiasm fading away

  

  Bloomberg The big margin of support among rural voters that helped Donald Trump secure victory four years ago is looking less firm in 2020 with the potential to shift the outcomes in key battleground states. Joe Biden, the Democratic nominee, is nowhere near winning the rural areas of the country, where roads are lined with Trump-Pence lawn signs and barn ...

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• 25 October

  Sixteen killed in Ivory Coast ahead of vote

  

  Bloomberg At least sixteen people were killed in an Ivory Coast town ahead of the October 31 presidential elections, according to a government statement, laying blame on a civil disobedience campaign called by the opposition. Sporadic incidents of violence have been reported across the country, but the Dabou district, about 50 kilometres (31 miles) from the economic capital Abidjan, has ...

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• 25 October

  Discontent towards Thai PM fuels protests

  

  Bloomberg Growing public disapproval of Thai Prime Minister Prayuth Chan-Ocha’s performance is fueling the anti-government protests sweeping the Southeast Asian nation, according to an opinion poll. More than 62% of participants in a survey last week said discontent with Prayuth was the key reason for the recent demonstrations, the poll by Suan Dusit University showed on Sunday. About 50% of ...

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• 25 October

  Tropical Storm Zeta south of Cuba to gain power

  

  Bloomberg A tropical depression gained power south of Cuba to become tropical storm Zeta on Sunday as it travelled north into the Gulf of Mexico, where it’s poised to become the record 11th storm to hit the US in a single year. The tropical storm had winds of 40 miles (65 kilometres) per hour as it moved northwest about 250 ...

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• 25 October

  Chile holds landmark vote on new constitution

  

  Bloomberg Chileans started casting ballots on Sunday in a referendum on whether to draft a new constitution, a vote born out of months of protests that rattled the foundations of a global investor darling. Citizens will choose between writing a new charter or keeping the existing constitution that was drawn up during the Augusto Pinochet dictatorship. Voters must also decide ...

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• 25 October

  Malaysia’s king rejects bid for emergency rule

  Bloomberg Malaysia’s king rejected Prime Minister Muhyiddin Yassin’s request to declare a state of emergency to tackle the coronavirus crisis, capping a tense weekend that saw opposition leaders criticise the proposal as an attempt by the premier to retain control amid a power struggle. The government has been handling the pandemic well, the palace said in a statement on Sunday ...

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• 25 October

  Organised crime steals billions from UK job aid programmes

  

  Bloomberg Criminal gangs may have received as much 2 billion pounds ($2.6 billion) from the UK’s rush to deliver wage support during the pandemic. While Chancellor of the Exchequer Rishi Sunak’s furlough programs have sustained millions of workers through the crisis, the rush to build them from scratch opened the door to massive fraud, according to the National Audit Office ...

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