December, 2019

• 23 December

  Holiday demand boosts China’s meat imports

  

  Bloomberg China’s meat imports surged to a record in November, with buyers in the world’s top hog consumer stepping up purchases ahead of traditional holidays to boost supplies that were hurt by African swine fever. Beef purchases were 186,984 tons last month, up nearly 80% from a year earlier. Shipments rose 57% to 1.5 million tons in the January-November period. ...

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• 23 December

  Warburg-backed ESR mulls REIT IPO of Korean assets

  

  Bloomberg Logistics real estate developer ESR Cayman Ltd is considering an initial public offering of a real estate investment trust consisting of South Korean assets, people familiar with the matter said, weeks after it raised $1.8 billion in a Hong Kong listing. The Warburg Pincus LLC-backed company recently invited banks to pitch for the potential share sale in South Korea, ...

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• 23 December

  Vietnam-linked hacking group hits Toyota, other companies

  

  Bloomberg A Vietnam-based hacking group is learning from China’s playbook, using increasingly sophisticated cyber-attacks to spy on competitors and help Vietnam catch up to global competitors, according to cybersecurity experts. In the last two years, the group, which is believed to be tied to the Vietnamese government and known as APT32, has ramped up its cyber-espionage, particularly in southeast Asia, ...

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• 23 December

  Pakistan is planning tax breaks for some sectors in new policy

  

  Bloomberg Pakistan is considering offering tax breaks to various industries with export potential as it looks beyond textiles to boost outbound trade, an adviser to prime minister Imran Khan said. Engineering, chemicals, technology and footwear are among 20 sectors identified for incentives, Abdul Razak Dawood, the commerce and investment adviser to the prime minister, said in an interview in Islamabad. ...

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• 23 December

  China vows more support for private sector to stabilise growth

  

  Bloomberg China unveiled its latest slate of measures designed to bolster private-sector businesses as policy makers double down on efforts to support what is by far the country’s largest source of jobs. The steps announced by the State Council, China’s cabinet, aim to help private firms gain better market access and equal regulatory treatment as their state-owned peers. Among actions ...

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• 23 December

  US futures edge higher ahead of holiday break

  

  Bloomberg Stocks in Europe edged higher on Monday along with US equity-index futures, with volumes subdued as investors count down to the holiday break. Ten-year Treasuries and the dollar were steady. Healthcare stocks led the modest advance on the Stoxx Europe 600 index after Friday’s record-high close. Contracts on the S&P 500 climbed after the underlying index logged its biggest ...

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• 23 December

  China stocks tumble as tech firms sink

  

  Bloomberg China’s benchmark stock gauge suffered its first drop of more than 1% in six weeks after a state-backed fund said it would reduce its stakes in some tech companies. The Shanghai Composite Index closed down 1.4% on Monday, its biggest decline since November 11. The CSI 300 Index slumped 1.3%, its fourth consecutive retreat, with technology-related shares leading the ...

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• 23 December

  India stocks drift sideways after hitting multiple highs

  Bloomberg India stocks struggled for direction on Monday as investors weigh the potential impact of continued nationwide protests, after a week in which the benchmark index closed at a record high four times. The S&P BSE Sensex fell 0.1% to 41,642.66 at the 3:30 p.m. close in Mumbai. The NSE Nifty 50 Index also dropped 0.1%. Equity investors have until ...

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• 23 December

  Credit Suisse CEO exonerated once again as Bouee takes fall

  

  Bloomberg Credit Suisse Group AG blamed Pierre-Olivier Bouee for a second spying scandal that’s shaken the bank, again painting the former chief operating officer (COO) as a rogue operative who kept chief executive officer Tidjane Thiam in the dark about his activities. Bouee — once a close confidante of Thiam — used a contractor to spy on former human resources ...

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• 23 December

  PBOC to study risk of climate change on financial sector

  

  Bloomberg China’s central bank has joined the global conversation on managing the risks of climate change, saying it’ll study the impact on the financial sector and regulatory framework. A warming climate is a “major factor” that could cause changes to economic and financial systems, and global central banks should stay ahead of the curve to respond to possible impacts, Chen ...

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