November, 2019

• 23 November

  Common sense wins in India’s bankruptcy case

  Two- and-a-half years after the Indian central bank took the highly unusual step of directing banks to put 12 large corporate debtors into bankruptcy, the most closely watched of the “distressed dozen” cases has finally been resolved. With the Supreme Court in New Delhi clearing the decks for the sale of Essar Steel India Ltd., the Ruia family has accepted ...

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• 23 November

  The sun stops shining for Indian property mogul

  

  Interest rates could surge, exchange rates may collapse, the sun might stop shining brightly. Every conceivable danger an investor needs to be aware of in an initial public offering is discussed in the August prospectus of Sterling and Wilson Solar Ltd., among the world’s biggest engineering contractors to solar farms. And yet, the risk that struck hapless shareholders was buried ...

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• 23 November

  HK home prices look immune to protests

  

  Hong Kong’s protests are damping real estate activity, spurring speculation of a long-overdue tumble in the city’s notoriously expensive housing market. Prices are likely to prove more resilient than some expect. Home transactions have dropped by more than half from this year’s peak in May, before the unrest began, to 3,447 in September and 4,001 last month, figures from the ...

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• 23 November

  In the age of 5G, hottest telecom assets are towers

  

  There are plenty of reasons why Deutsche Telekom AG and Vodafone Group Plc make for uneasy bedfellows. But if Europe’s biggest telecommunications firms can overcome their differences, they would benefit from forging a strong alliance for one of their biggest cost centers: towers. The structures on which mobile operators install their antenna have generated a flurry of dealmaking as valuations ...

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• 23 November

  Amazon is planning to open checkout-free supermarkets by 2020

  

  Bloomberg Amazon.com Inc is preparing to open Amazon Go supermarkets and pop-up stores, an expansion of the company’s cashierless ambitions that includes the possibility of licensing the technology to other retailers. The new store formats and licensing initiative could launch as soon as the first quarter of 2020, according to a person familiar with the project. Amazon is testing a ...

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• 23 November

  Porsche going all in on electric, but its 911 to be last to switch

  

  Bloomberg The future is electric, at least for Porsche. “We are in the beginning of a transition phase in the car industry, and to Porsche, to switch over to battery electric fully,” said Klaus Zellmer, president and chief executive officer of the luxury automaker’s North American division. “Luxury consumers expect, with a brand’s purpose, for sustainability to play a major ...

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• 23 November

  Apple AirPods shipments to double to 60mn in 2019

  

  Bloomberg Shipments of Apple Inc’s popular AirPods wireless earphones are expected to double to 60 million units in 2019, according to people familiar with the Cupertino-based company’s production plans. This has been driven in part by “much higher” than expected demand for the pricier AirPods Pro model unveiled in October. The $249 AirPods Pro — which offer noise cancellation and ...

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• 23 November

  Gol seeks ties to American, United after split with Delta

  

  Bloomberg Gol Linhas Aereas Inteligentes SA, Brazil’s largest airline, is holding talks about expanding ties with American Airlines Group Inc and United Airlines Holdings Inc after parting ways with longtime US partner Delta Air Lines Inc. The carriers are discussing whether to establish codeshare deals, which enable airlines to book passengers on each other’s flights, Gol chief financial officer (CFO) ...

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• 23 November

  Boeing-Embraer JV wins China antitrust approval

  

  Bloomberg Boeing Co and Embraer SA won unconditional antitrust approval from China for their deals to jointly manufacture small jetliners and market a military cargo jet. China’s decision removes a significant hurdle for the plans, in which the US planemaker will buy a majority stake in the commercial aircraft division of its Brazilian counterpart. But a major obstacle remains for ...

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• 23 November

  South African Airways strike ends with pay deal

  Bloomberg A strike at South African Airways (SAA), which has dragged on for more than a week and grounded a number of flights, ended with workers having agreed “in principle” to a revised pay deal, a senior union official said. The deal was expected to see workers get a 5.9% pay increase, with a further increment — details of which ...

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