November, 2019

• 4 November

  Burkina lawmaker killed in militants-ravaged area

  Bloomberg A Burkina parliament member, who was also one of the last authorities in a region ravaged by militants, was killed in a suicide bomb attack in the northern Djibo region, security and government officials said. The lawmaker, Oumarou Dicko, who had gone to officiate the launch of a Red Cross programme to tackle youth employment, was travelling back to ...

  Read More »
• 4 November

  Pro-China veteran mulls Taiwan vote bid

  

  Bloomberg Tsai Ing-wen’s chances of being re-elected as Taiwan’s president received a boost as one of Taiwan’s most senior China-friendly politicians appears set to enter the election, potentially sapping votes from the main opposition candidate. People First Party (PFP) Chairman James Soong has decided to make a fourth run for Taiwan’s top office, the Taipei-based Liberty Times reported on Monday, ...

  Read More »
• 4 November

  70 injured as protesters, police clash in Hong Kong

  

  Bloomberg At least 200 people were arrested and more than 70 injured in Hong Kong as protesters seeking greater democracy and police accountability blocked roads and vandalised public facilities. Police and protesters clashed at malls full of afternoon shoppers, where riot police used pepper spray and detained several people. Shopfronts were vandalised and subway turnstiles were damaged, police said. Some ...

  Read More »
• 4 November

  Donald Trump looks to rev up supporters in the South

  

  Bloomberg President Donald Trump continues a campaign swing through the South this week, where he’ll try to fire up his core supporters by taking on Democrats’ impeachment effort. Trump was expected to plan rallies in Kentucky on Monday and Louisiana on Wednesday — states he won in 2016 by wide margins — and he’ll also seek to boost Republican gubernatorial ...

  Read More »
• 4 November

  Stocks rise, bonds slip on US-China trade optimism

  

  Bloomberg Stocks advanced worldwide along with US equity futures while bonds slipped on optimism China and America are moving closer to an interim trade deal. The dollar edged higher. The Stoxx Europe 600 Index headed for a four-year high, led by miners and automakers, which jumped after US Commerce Secretary Wilbur Ross said tariffs on vehicle imports into the American ...

  Read More »
• 4 November

  India’s benchmark stock index climbs to record amid results

  

  Bloomberg India’s benchmark stock index advanced to a record on Monday as better-than-expected company earnings continued to attract investors. The S&P BSE Sensex gained 0.3% to 40,301.96 in Mumbai, ending above the previous peak on June 3. The gauge rose for a seventh straight session, to score its longest winning run since March. The NSE Nifty 50 Index also rose ...

  Read More »
• 4 November

  Global outlook could be worse than ‘low for long’

  

  At last month’s meetings of the World Bank and International Monetary Fund (IMF), I repeatedly heard the same dismal view: The global economy is in for low growth and historically low interest rates for a long time. “Low for long” isn’t even the worst of it. In the event of a new recession, governments have limited monetary and fiscal firepower ...

  Read More »
• 4 November

  BNP’s $300bn hedge fund gamble

  

  It’s rare for a European bank to be adding businesses nowadays, as capital constraints curtail dealmaking. The takeover of Deutsche Bank AG’s hedge fund activities by France’s BNP Paribas SA is an exception. There’s no mistaking what’s driving BNP: Absorbing a larger competitor with a chunky client base is one way to try to salvage its own ailing hedge fund ...

  Read More »
• 4 November

  Don’t let the American economy hit stall speed

  People shouldn’t be as worried as they are about the risk of a US recession. That said, it wouldn’t take much to trigger one, which is why the Federal Reserve should take out some insurance by providing added stimulus. Market participants see all sorts of reasons to fret about an imminent slump. Global growth is slowing, trade wars are adding ...

  Read More »
• 4 November

  Lagarde’s task is to lead a cultural revolution

  As Christine Lagarde takes over as president of the European Central Bank (ECB), the job looks less daunting than what greeted her predecessor, Mario Draghi, in 2011. Don’t be misled. Thanks to his efforts, the euro system is no longer in imminent danger of breaking apart. But this certainly doesn’t mean all is well. Sooner rather than later, in fact, ...

  Read More »