October, 2020

• 10 October

  Malaysia Air continues its restructuring talks

  Bloomberg Malaysia Airlines Bhd is continuing talks with leasing companies about a restructuring plan as it tries to weather the coronavirus pandemic. Malaysia Aviation Group, the holding company for the country’s flag carrier, is pleased with the level of support it has received from lessors and is “confident that there are appropriate legal mechanisms available should that support not be ...

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• 10 October

  TUI loses its finance chief

  Bloomberg TUI AG’s finance chief will leave at year-end in a setback for the struggling tour operator as it works on plans to raise more cash. Chief Financial Officer Birgit Conix told the company she won’t extend her contract, TUI said. Sebastian Ebel, who is already a member of the executive board, will take over on January 1, according to ...

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• 10 October

  Boeing cuts jetliner-sales forecast 11%

  Bloomberg Boeing sees a turbulent ride ahead for the world’s jetliner market, with sales contracting sharply this decade before eventually rebounding in the 2030s as new models and technologies spur growth. Boeing released the report days after deciding to consolidate production of its marquee 787 Dreamliner in South Carolina, shutting down a final assembly line at a storied plant in ...

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• 10 October

  Kim shows nuclear might without provoking Trump

  

  Bloomberg Kim Jong-un paraded ballistic missiles and thousands of troops through Pyongyang in the largest such event in at least two years, with the North Korean leader vowing only to unleash his nuclear arsenal to prevent an attack. North Korean state television on Saturday showed battalions marching under the bright lights of Pyongyang’s main square in a rare night parade ...

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• 10 October

  ‘China deployed 60,000 soldiers on Indian border’

  

  Bloomberg China has deployed tens of thousands of soldiers on India’s Northern border, Secretary of State Michael Pompeo said, in further signs that a deadly military standoff between the world’s two most populous countries is far from cooling down. “The Indians are seeing 60,000 Chinese soldiers on their northern border,” Pompeo said on Fox News. Each of the three major ...

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• 10 October

  Armenia, Azerbaijan trade charges of truce violations

  

  Bloomberg Azerbaijan and Armenia traded accusations of ceasefire violations after Russia said it secured a humanitarian truce in overnight talks with the two former Soviet republics. Azerbaijan’s Defense Ministry said Armenians continued to fire on its positions south, east and northeast of the disputed territory of Nagorno-Karabakh. Armenia’s Defense Ministry denied that and accused Baku of attacking, while the armed ...

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• 10 October

  Tsai vows to defend Taiwan, calls for dialogue with China

  Bloomberg Taiwan president Tsai Ing-wen called for dialogue with Beijing while vowing to defend the island in the face of Chinese intimidation. “I believe regional tension can be resolved,” Tsai said to a couple of thousand people at a national day event in Taipei. “We are willing to facilitate meaningful dialogue.” Beijing cut off communication with Taipei shortly after Tsai ...

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• 10 October

  Goldman eyes $14bn for its largest fund since 2008 crisis

  

  Bloomberg Goldman Sachs Group Inc. boosted the size of a new credit fund to $14 billion in what is shaping up to be one of the largest debut investment vehicles ever raised. The bank, which set out with a target of $5 billion to $10 billion, is now expecting to finish fundraising with a $14 billion war chest to pour ...

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• 10 October

  Argentina’s central bank nudges lenders into Treasury bonds

  

  Bloomberg Argentina’s central bank is taking steps to tighten its monetary policy and encourage banks to buy local peso assets. To do so, it raised a repo rate used by banks by 3 percentage points to 27%, and lowered its benchmark Leliq rate by 1 percentage point to 37%, according to a statement. The rates had diverged at the start ...

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• 10 October

  HSBC targets net zero emissions by 2050

  

  Bloomberg HSBC Holdings Plc will aim to reach a net-zero carbon client portfolio by 2050 in a step to align its business activities to the goals of the Paris climate agreement. The London-based bank, which has previously come under fire for financing harmful environmental activity, also pledged to provide as much as $1 trillion over the next decade to assist ...

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