January, 2020

• 4 January

  Tesla deliveries set record

  

  Tesla Inc shares opened at new highs after the electric-car maker reported a new record for quarterly deliveries of 112,000 units in the final three months of 2019. The electric-vehicle maker handed over 92,550 Model 3 and 19,450 Model S and Model X electric vehicles in the fourth quarter, according to a statement, eclipsing its previous total best of 97,000 ...

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• 4 January

  Apple shares top $300 amid optimism about holiday sales

  

  Bloomberg Apple Inc shares surpassed $300 amid predictions for a robust holiday quarter, demand for wearables such as AirPods and planned services including streaming TV. Shares of the iPhone maker rose 2.3% to close at a record $300.35, topping the $300 mark for the first time on a split-adjusted basis. The latest gain was in stark contrast to the dismal ...

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• 4 January

  Amazon, Google to hit CES with digital assistants in tow

  

  Bloomberg The world’s biggest technology companies are heading to Las Vegas for the annual CES trade show next week, with even Apple Inc making a rare official appearance. But don’t expect any breakthrough new hardware. Amazon.com Inc and Google will promote existing digital-assistant technology through their own internet-connected gadgets and similar products made by other firms. There should also be ...

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• 4 January

  BMW beats Mercedes in US first time since 2015

  Bloomberg BMW AG outsold Daimler AG’s Mercedes-Benz in the US for the first time in four years after blowing out its rival in the final month of 2019. BMW sold 35,746 cars and sport utility vehicles (SUV) in December and finished the year ahead by more than 8,700 units. The Munich-based manufacturer staged a revival this year by filling out ...

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• 4 January

  Fed officials see resilient economy as risks persist

  

  Bloomberg Federal Reserve officials downplayed concerns about the impact of geopolitical uncertainty on the US economy amid flaring tensions with Iran, even as a record of the central bank’s meeting last month showed that downside risks remain on their minds. “That’s one of the great things about the US economy, is it does have this resiliency to it,” Cleveland Fed ...

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• 4 January

  China should consider letting lenders into brokerage, Lian says

  

  Bloomberg China should consider letting commercial banks foray into securities business, according to Bank of Communications Co Chief Economist Lian Ping. Lenders should be enabled to establish new securities firms or be allowed to acquire or merge with brokers, the official Shanghai Securities News reported, citing Lian’s speech at a forum in the city on Saturday. The capital of commercial ...

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• 4 January

  Danske faces $2b fines in laundering case

  

  Bloomberg Danske Bank A/S probably will be fined around 13.5 billion kroner ($2 billion) this year by authorities in Denmark, the US and the UK as investigations into Europe’s biggest money laundering scandal draw to a close, according to estimates by Jyske Bank. Danske has admitted that a large part of 200 billion euros ($223 billion) in transactions at an ...

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• 4 January

  International reserves of Venezuela hit a new low

  

  Bloomberg Venezuela’s international reserves fell $832 million between December 30 and January 2, reaching a thirty-year low of $6.63 billion on January 2. The country began the week with reserves of $7.47 billion on December 30, according to central bank data. The level of $6.63 billion is the lowest since July 1989, when reserves were at $6.68 billion. “The fall ...

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• 4 January

  ECB policy most disliked in Germany now run by German

  

  Bloomberg Christine Lagarde has a plan for rebutting German criticism of the bond-buying programme she inherited as European Central Bank (ECB) president: Put a German in charge of it. Lagarde has handed one of the ECB’s highest-profile roles to a German who has taken a stand against undue sniping at the institution’s policies. Isabel Schnabel, a University of Bonn economics ...

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• 4 January

  China to back troubled firms, curb property risks

  Bloomberg China’s financial regulator said it will implement a series of measures to shore up the nation’s troubled smaller banks and insurers while continuing a clampdown on shadow financing and property speculation. The regulator will introduce measures to eliminate bad loans and promote mergers, capital injections and the restructuring of high risk institutions, the China Banking and Insurance Regulatory Commission ...

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