January, 2020

• 20 January

  Thai party accused of Illuminati links faces break up

  

  Bloomberg Thailand’s second-biggest opposition party faces possible dissolution on Tuesday in a court case that could spur more pro-democracy protests against a military-backed government. The Constitutional Court will rule on a petition that the Future Forward party and its leaders want to overthrow the monarchy, which sits at the summit of power in Thailand. One of the claims is that ...

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• 20 January

  Bombardier back to brink after rethinking A220 deal

  

  Bloomberg Bombardier Inc’s deal with Airbus SE to rescue its long-delayed and over-budget jetliner programme was supposed to be a lifeline for the struggling manufacturer. Now the Canadian company is rethinking the joint venture, pushing the iconic train and plane maker to the brink once more. The shares posted their biggest loss ever — Bombardier is almost a penny stock ...

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• 20 January

  South Africa misses deadline to bail out its national carrier

  

  Bloomberg South African Airways (SAA) said all flights are operating normally as the government looks for ways to provide 2 billion rand ($138 million) in funding for the embattled national carrier. While there may be “flight schedule amendments” in the future, details of those changes will be announced when finalised, SAA said in an emailed statement on Monday. The airline ...

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• 20 January

  Airbus offers airlines way to guard against fare declines

  

  Bloomberg Airbus SE is developing a derivatives-based trading platform that will allow airlines to protect against declines in ticket prices — and potentially help sustain growth and jet orders. Clients of the Skytra subsidiary will trade futures and options on a series of indexes that capture fare fluctuations across the industry. The venture is the brainchild of two Airbus veterans ...

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• 20 January

  Ben & Jerry’s latest to cash in on Netflix

  

  Bloomberg A Netflix-branded product strikes again. Ice cream maker Ben & Jerry’s is the latest brand to cash in on the streaming service’s wide appeal and status as a cultural touchstone. “You’ll never want to watch Netflix without it,” Ben & Jerry’s says about the new flavour called Netflix & Chilll’d — yes, with an extra “L” — featuring peanut ...

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• 20 January

  HK airport traffic drops most in years

  Bloomberg Hong Kong International Airport’s passenger numbers fell for the first time in a decade last year, as months of anti-government protests deterred people from coming to the city. The airport handled 71.5 million passengers in 2019, a decline of 4.2% from a record 74.6 million the previous year, the Airport Authority of Hong Kong said. That meant Hong Kong ...

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• 20 January

  Richemont soars on holiday jewellery sales, watch rebound

  

  Bloomberg Richemont shares rallied the most in three years as strong appetite for Cartier jewellery and IWC watches during the holiday season signalled consumers still want to splurge on luxurious bling. The improvement comes as a relief to investors after a first half that was marred by protests and store closures in Hong Kong and contracting profitability in the jewellery ...

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• 20 January

  Citadel Securities agrees to $97mn settlement in China

  

  Bloomberg Citadel Securities LLC agreed to pay a 670 million-yuan ($97 million) settlement for alleged trading irregularities during the 2015 market rout in China. The settlement was announced by the China Securities Regulatory Commission in a statement on its website. With that, the regulator has ended investigation into suspected account and asset management rule violations, it said, without giving more ...

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• 20 January

  Sluggish bond market is a headache for Indian firms

  

  Bloomberg India needs a bigger bond market now more than ever, to help get funds to cash-strapped companies cut off from their shadow lenders by a crisis in that sector. But a Bloomberg survey shows that sales of local rupee corporate notes will grow only 2% this year, a similar rate to 2019 that’s historically low. India’s corporate bond market ...

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• 20 January

  World’s biggest producer of plastic is all set to curtail its use

  

  Bloomberg China will curtail its consumption of single-use plastic in an effort to tackle a soaring amount of the discarded material that has quickly become one of the world’s most pressing environmental crises. Non-degradable plastic bags will be banned in places such as supermarkets and shopping malls in major cities, as well as for the country’s ubiquitous food delivery services ...

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