June, 2017

• 17 June

  Apple hires Sony’s ‘Breaking Bad’ team as TV push gains pace

  

  Bloomberg Apple Inc. hired two former Sony Corp. television executives who oversaw the development of acclaimed shows like “Breaking Bad” and “The Crown,” further evidence that the technology giant is getting serious about producing its own video programming. Jamie Erlicht and Zack Van Amburg, who had been presidents of Sony Pictures Television since 2005, will report to Eddy Cue, Apple’s …

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• 17 June

  Message startup Slack draws interest from Amazon.com

  Bloomberg Corporate chatroom startup Slack Technologies Inc. has received recent inquiries about a potential takeover from technology companies including Amazon.com Inc., people with knowledge of the situation said, a deal that would be the internet-commerce giant’s biggest ever. San Francisco-based Slack could be valued at at least $9 billion in a sale, the people said. An agreement isn’t assured and …

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• 17 June

  LG’s new appliance seeks to make cooking smart

  

  Abu Dhabi / Emirates Business LG’s latest appliance wants to partially replace the chef in your house and give you and your family precious time back. Family, food, culture, heritage and traditions are of central focus during the holy month of Ramadan and now with smart appliances, homemakers are able to take advantage of new technology to prepare meals that …

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• 17 June

  China’s smaller banks endure record costs to raise funds

  

  Bloomberg China’s smaller banks, caught between a seasonal cash squeeze and an official deleveraging drive, are stomaching record high borrowing costs to raise funds. Issuance of negotiable certificates of deposit jumped to 758 billion yuan ($111.5 billion) this week, the most since the securities were introduced in 2013 as a lifeline for smaller banks. The yield on one-month AAA rated …

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• 17 June

  Banco do Brasil stalls on Banco Patagonia share sale

  Bloomberg A potential share sale of Banco Patagonia SA was delayed after majority holder Banco do Brasil SA prevented a shareholder meeting of the Argentine lender. Banco do Brasil hasn’t decided whether it will sell its 59 percent stake in Patagonia or offer new shares, according to two people familiar with the matter who asked not to be named because …

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• 17 June

  Ruble pares third weekly drop as central bank cuts key rate

  Bloomberg Russia’s ruble pared a third weekly drop while bonds fell as the central bank slowed the pace of easing with a 25 basis-point cut in its main interest rate amid an escalation of tensions with the U.S. and a drop in oil. The currency traded 0.4 percent higher at 57.67 per dollar in Moscow, paring a weekly drop to …

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• 17 June

  Don’t ignore ‘currency effect on inflation: Forbes

  Bloomberg Bank of England (BOE) policy maker Kristin Forbes warned that the move in the pound may have a more persistent effect on inflation and a monetary policy response is needed. Forbes, one of three BOE officials to vote for an interest-rate increase this month, said it’s acceptable to look through inflation shocks if they create deviations from trend rather …

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• 17 June

  Canada limits support for potential bailouts for country’s banks

  Bloomberg Canada’s department of finance proposed new rules limiting government support for potential bailouts of the nation’s banks, extending a so-called “bail-in regime” promised last year. The government introduced in its April 2016 budget a plan to implement a bail-in regime for Canada’s “systemically important banks,” which would allow authorities to convert securities of a failing lender into common shares …

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• 17 June

  Barclays braces for £200 million fine over capital raising

  Bloomberg Barclays Plc plans to plead guilty to UK charges that it failed to make proper disclosures about a multi-billion-pound capital raising from Qatar during the financial crisis, according to a person with knowledge of the process. The bank is braced for a fine, which would likely range from 100 million pounds ($128 million) to 200 million pounds, said the …

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• 17 June

  Boeing nears $5bn in Max 10 deals with Asian airlines

  

  Bloomberg Boeing Co. is closing in on about $5 billion in orders from two Asian carriers for its longest-ever 737, people familiar with the matter said. The US planemaker is discussing a deal with India’s SpiceJet Ltd. for about 20 of the 737 Max 10 aircraft, said the people, who asked not to be identified as the discussions are private. …

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