September, 2020

• 7 September

  HK police makes sweeping arrests as protests return

  

  Bloomberg Hong Kong police arrested scores of people including key activists as protests again flared up on the city’s streets on Sunday after weeks of relative calm since the implementation of a national security law. At least 90 people were arrested on charges including illegal assembly, disorderly conduct, obstructing and assaulting police, according to the authority. More than 20 people ...

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• 7 September

  Merkel vows to bolster public health service in Germany

  

  Bloomberg Germany will prioritise strengthening its public-health service and hire more workers, Chancellor Angela Merkel said in her weekly podcast. Under the plan, the federal government will spend $4.7 billion by 2026 to allow for an additional 5,000 public health-care workers and the improvement of the digitalisation of health departments. The so-called ‘pact for the public health service’ was announced ...

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• 7 September

  Argentina’s Guzman says nation must work to reduce bond yields

  

  Bloomberg Argentina must reduce its bond yields before returning to international capital markets in a process that will likely take some time, Economy Minister Martin Guzman said on the day the country concludes a $65 billion debt swap. In the shorter term, it will continue to work with the 1% of bondholders who did not accept the government’s debt restructuring ...

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• 7 September

  UK car sales stumble in August

  

  Bloomberg UK car sales declined in August, denting hopes of a recovery in the industry from a coronavirus-driven sales slump. Vehicle registrations dropped 5.8% to 87,226 vehicles, according to the Society of Motor Manufacturers and Traders. July brought the UK’s first monthly gain in car sales of 2020, providing some relief as the industry cuts jobs and capacity to weather ...

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• 7 September

  Canada extends rent-relief programme

  Bloomberg Canadian Prime Minister Justin Trudeau will extend a loan program for commercial landlords into September as small businesses struggle to reopen amid Covid-19, Globe & Mail reported. The Canada Emergency Commercial Rent Assistance Program will be extended for a third time as the government works through options for reforming its rent-relief strategy, the paper said, citing people familiar with ...

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• 7 September

  California avoids blackouts, braces for another day of heat

  

  Bloomberg California narrowly averted another round of rotating blackouts after officials made desperate pleas to conserve power as reserves falls below critical levels during a record breaking heat wave. The state’s grid operator gave the all-clear signal shortly before 9 pm local time as temperatures fall after sundown. Earlier in the evening, officials declared a stage-two grid emergency — one ...

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• 6 September

  China pledges to expand its stock connect programme

  

  Bloomberg Chinese regulators vowed to accelerate the opening up of its capital markets and deepen reforms to attract more foreign investors. The regulator will expand the scope of investments allowed in the stock connect program link with Hong Kong, and allow foreign investors to trade more commodities futures products, China Securities Regulatory Commission Vice Chairman Fang Xinghai said at the ...

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• 6 September

  Massive swings in options-overrun stocks leave manager baffled

  

  Bloomberg Nancy Tengler has managed money for 35 years. She’s confident in her positions. When one of her companies reports good earnings, she expects it to go up. But nothing prepared her for what happened on Aug. 26 in Salesforce.com Inc., when its quarterly results ignited a paroxysm of buying that pushed the shares 26% higher in a day. Tengler’s ...

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• 6 September

  Canadian stocks post worst week in 3 months

  Bloomberg A sell-off of technology shares in the US is reverberating in Canada, even though the sector makes up only a 10th of the nation’s stock market. The small contribution of tech stocks to Canada’s market helped the S&P/TSX Composite Index outperform its US counterpart: Canada was down 1.5%, while the S&P 500 Index plunged 3.5%. But as the rout ...

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• 5 September

  UAE cabinet restructures board of Emirates Development Bank

  

  Abu Dhabi / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the restructuring of the Board of Directors of the Emirates Development Bank under the chairmanship of Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology. The ...

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