November, 2019

• 2 November

  Nintendo scores smartphone hit with Mario Kart Tour

  

  Bloomberg Nintendo Co can finally claim a mega-hit smartphone game with its new Mario Kart Tour, which has been downloaded 123.9 million times in its first month and comfortably eclipsed the company’s previous mobile game debuts, Sensor Tower data showed. “The racing app is Nintendo’s most successful mobile game launch by downloads so far, eclipsing Super Mario Run’s 21.8 million ...

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• 2 November

  Tesla supplier boosts EV  battery sales

  Bloomberg Japan’s Panasonic Corp, which makes electric-car batteries for Tesla Inc, said it boosted sales of the product “significantly” last quarter after expanding production in North America. Sales of prismatic battery cells advanced after a production increase in Dalian, China, while investments in North America led to gains in revenue for cylindrical batteries in the quarter through September, Panasonic said. ...

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• 2 November

  Danske to slash fixed income, currency jobs as profits stall

  

  Bloomberg Danske Bank A/S will target its fixed-income and currencies unit for job cuts as part of a sweeping plan to revive profits amid rising compliance costs and entrenched negative interest rates. Denmark’s biggest bank, which is being investigated for money laundering across Europe and in the US, missed analysts’ profit estimates, third-quarter results showed. It acknowledged its result this ...

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• 2 November

  Zimbabwe set to release banknotes after a decade

  

  Bloomberg Zimbabwe’s central bank is preparing to release new Z$2 ($0.13) and Z$5 banknotes that will come into circulation this month after a decade-long absence, according to a release in a government gazette. Since the reintroduction of the Zimbabwe dollar as the sole legal tender in June, transactions have been conducted in bond notes and coins, which, until February, had ...

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• 2 November

  IMF completes sixth review of Sri Lanka

  

  Bloomberg The International Monetary Fund’s(IMF) executive board completed a sixth review of Sri Lanka’s economic performance, enabling the disbursement of about $164 million in supporting funds. This brought total disbursements under the Extended Fund Facility arrangement to about $1.31 billion, the IMF said in a statement dated November 1 on its website. Sri Lanka’s economy is gradually recovering from the ...

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• 2 November

  Ex-Citigroup currency trader testifies greed helped rig system

  

  Bloomberg A former Citigroup Inc currency trader told a jury that he plotted with rivals at other banks in chat rooms, on the phone and at social gatherings to rig currency trades while their customers were led to believe they were actually competing with each other. “The purpose was to try to make more money trading,” Christopher Cummins testified in ...

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• 2 November

  ANZ’s profit stagnates amid low rates, slowing economy

  Bloomberg Australia & New Zealand (ANZ) Banking Group Ltd profit was little changed as the lender faced a slowing economy and higher customer-compensation costs. Cash profit from continuing operations was A$6.47 billion ($4.46 billion) in the year ended on September 30, compared to A$6.49 billion the year before, the Melbourne-based lender said. “This has been a challenging year of slow ...

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• 2 November

  Goldman extends $10bn in Apple card credit

  Bloomberg Goldman Sachs Group Inc leaders have been coy about backing up their recent assertion that the Apple Inc card is the industry’s most successful credit card launch ever. Regulatory filings offer a first glimpse into the numbers that had the bank gushing. After a full roll-out of the card last quarter, credit lines the bank has extended to Apple ...

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• 2 November

  ECB protesters tell central bankers don’t ignore climate fight

  

  Bloomberg Christine Lagarde’s first day as the new president of the European Central Bank in Frankfurt protesters were brandishing a sign reading: “If the Earth was a bank you’d have long rescued it.” The march by some 150 people to the ECB’s headquarters — following a similar demonstration at the Bank of England last month — highlighted how technocrats tasked ...

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• 2 November

  IDA honours CEO of Dewa with Presidential Award

  

  Dubai / Emirates Business Under the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dubai Electricity and Water Authority (Dewa), the International Desalination Association (IDA) concluded the 2019 World Congress that was hosted by Dewa at the Dubai International Convention and Exhibition Centre under the theme “Crossroads to Sustainability”. ...

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