November, 2019

• 19 November

  Bitcoin’s ‘enemies’ are planning their revenge

  China loves the blockchain, and the blockchain loves it back. Despite the People’s Republic having the least free internet in the world, and a ban on cryptocurrency trading, the Communist Party’s endorsement of the technology last month sent Bitcoin prices soaring almost 30% in a few days. The irony is striking, considering Bitcoin’s anarchic origins. But there’s something broader going ...

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• 19 November

  Indian economy cannot get by without a big bang

  The Indian economy continues to slow. The monthly Index of Industrial Production fell to an eight-year low in the month of September, contracting by over 4%. According to India’s central bank, growth in bank credit to industries in the same month fell to 2.7%, the lowest in a year. While the numbers for services are a little better, even they ...

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• 19 November

  Why UK Conservatives are so good at winning

  

  British Conservatives can claim to be the world’s oldest and most successful political party. They’ve been written off more than a few times in the 200-plus years they’ve been around. But they’ve always bounced back. Their secret? The ability and willingness to reinvent themselves – even when that means giving up what supposedly defines them and the values they hold ...

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• 19 November

  Alibaba’s HK share sale is feeling lucky

  

  Hong Kong is doing everything it can to ensure Alibaba Group Holding Ltd.’s listing is a roaring success. That’s turning the $12 billion mega-sale into a hot item — if you can get your hands on the shares. Alibaba will initially offer only 2.5% of the offering to individual investors, a quarter of the allocation specified in Hong Kong’s listing ...

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• 19 November

  Startups like Uber and Airbnb see all. You do not

  

  Startups and tech companies such as Uber, Airbnb, Gojek, Bird and Compass operate in many cities and often multiple countries, and they typically have a repeatable playbook for each time they arrive in a new place. What Gojek, the food delivery and rides startup in Southeast Asia, learns about optimal pay for couriers in Jakarta can translate, at least in ...

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• 19 November

  US futures advance with stocks; Treasuries drift

  

  Bloomberg US equity futures advanced with stocks in Europe as investors kept an eye out for fresh signs of progress in America-China trade negotiations. Treasuries were steady. Contracts on the S&P 500 Index rose, signalling the benchmark would head towards a fifth straight record on Tuesday. In earnings news, Kohl’s Corp tumbled in pre-market trading along with Home Depot after ...

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• 19 November

  China’s small-cap stocks at two-month high on stimulus bets

  

  Bloomberg China’s small-cap ChiNext Index rose to a two-month high as investors bet authorities may add more liquidity to the financial system. The ChiNext Index advanced 2.8% at the close in Shenzhen after 0.5% gain. Battery maker Contemporary Amperex Technology Co climbed 5.6% as the biggest boost to the measure. Beijing Kunlun Tech Co was among Chinese video game stocks ...

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• 19 November

  Nigerian stocks resume gains

  Bloomberg Nigerian stocks resumed gains on Tuesday as investors sought more attractive options than the negative real yield on the country’s short-term debt. The benchmark stock index climbed 0.4% in Lagos, leaving it on track for its best month since May. The gauge has risen in the past two weeks, snapping seven weeks of declines. Gains in banking stocks have ...

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• 19 November

  De Havilland wins its biggest jet orders at Dubai Airshow

  

  Bloomberg De Havilland Aircraft of Canada Ltd won its biggest plane orders since the brand was sold off by Bombardier Inc with the sale of as many as 23 Dash 8-400 turboprops. The manufacturer, an aviation pioneer long overtaken by the jet age, said at the Dubai Airshow that it a signed a letter of intent with lessor Palma Holding ...

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• 19 November

  Kylie Jenner sells $600mn stake in beauty line to Coty

  

  Bloomberg Coty Inc agreed to pay $600 million in cash for a majority stake in Kylie Jenner’s cosmetics line, the latest move by a major beauty company to acquire trendy brands that appeal to a younger clientele. The makeup and fragrance giant will have overall responsibility for the portfolio, while Jenner, part of the Kardashian clan, will lead creative efforts ...

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