November, 2019

• 3 November

  Dates for 16th International Property Show announced

  

  Dubai / Emirates Business Dubai Land Department (DLD) announced the 16th edition of International Property Show (IPS) in partnership Real Estate Investment Management and Promotion Centre to promote the emirate’s property market. The partnership is a qualitative leap that will bring DLD’s strategic initiatives and projects in the real estate sector. IPS, the Middle East’s biggest property sales platform, that ...

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• 3 November

  Unido General Conference commences in Abu Dhabi

  

  ABU DHABI / WAM The 18th session of the General Conference of the UN Industrial Development Organisation (Unido), began on Sunday at the Emirates Palace Hotel in Abu Dhabi. More than 800 ministers, officials and representatives of 170 member countries of the organisation are in attendance at the event which will continue until November 7 to shape the future of ...

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• 3 November

  China wins WTO battle to sanction $3.6b in US trade

  

  Bloomberg China secured the World Trade Organisation’s (WTO) go-ahead to impose $3.6 billion in sanctions against the US, in a case that predates the tariff war between the world’s two largest economies but may add a layer of tension to ongoing talks. The damages awarded, in a document released on the Geneva-based organisations’ website, are the third highest in WTO ...

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• 3 November

  Health emergency declared as New Delhi chokes in toxic air

  

  Bloomberg A federal government mandated panel said air pollution in India’s capital and its suburbs over the last week has worsened to levels that should be treated as a public health emergency. The air quality index, or AQI, hit as high as 744 at some areas in the Indian capital according to website AirVisual, which monitors air pollution around the ...

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• 3 November

  BOE governor race thrown into turmoil by Dec election

  

  Bloomberg While the appointment of Mark Carney’s successor has been officially delayed, a frenzy of speculation about who will get the job was seen. Several reports on the government’s favourites were met with news that there is no preferred candidate at this time. The confusion sums up what has thus far been a chaotic appointment process, continually delayed by Brexit. ...

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• 3 November

  Negative rates to hurt Deutsche’s customers

  

  Bloomberg Deutsche Bank AG will pass on negative interest rates only to larger corporate customers or the deposits of wealthy individuals and spare most retail clients, Deputy Chief Executive Officer Karl von Rohr said in an interview with Frankfurter Allgemeine Sonntagszeitung. The bank is talking to the customers affected and they understand the issues, von Rohr said. German banks have ...

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• 3 November

  Goldman says potential RBA QE might not pack a punch for Australian stocks

  

  Bloomberg Australia’s stock market may not get the kind of boost historically seen in its peers should the country’s central bank unleash quantitative easing, according to Goldman Sachs Group Inc. The problem is already-low bond yields and elevated equity valuations, Goldman analysts Matthew Ross and Bill Zu wrote in a November 1 note. While Goldman still doesn’t see Reserve Bank ...

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• 3 November

  Bumper real yields make Philippine peso strong

  

  Bloomberg The Philippine peso has a secret weapon that has made it one of Asia’s best-performing currencies this year: bumper real yields. While the central bank has cut interest rates three times this year to spur growth —which typically saps demand for a currency — slowing inflation has ensured that real yields on the nation’s bonds have remained among the ...

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• 3 November

  India’s Yes Bank tops loss estimates over bad loans

  Bloomberg Yes Bank Ltd, the Indian lender that’s been courting investors following management turmoil and scrutiny of bad loans, posted a bigger-than-expected second-quarter loss as soured debt increased and the firm took a one-time charge. The loss totalled 6 billion rupees ($84.7 million) for the three months ended on September 30, compared with net income of 9.65 billion rupees a ...

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• 3 November

  JPMorgan tests its health venture on bank employees

  

  Bloomberg JPMorgan Chase & Co and Amazon.com Inc have begun testing the new health-care venture they’re developing with Warren Buffett’s Berkshire Hathaway Inc, rolling out some of the new offerings to employees in a handful of states. Under the program, called Haven Healthcare, JPMorgan is offering its 30,000 workers in Ohio and Arizona two plans for 2020 run by Cigna ...

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