October, 2019

• 29 October

  Vietnam exports fall as coffee sales drop

  Bloomberg Vietnam’s exports dropped 0.8% in October compared to the prior year far below expectations for 10% growth in a Bloomberg survey of economists as shipments of phones, crude oil and coffee fell, according to data from the General Statistics Office in Hanoi. Overseas coffee sales in October were 100,000 tons, down 27% from a year ago, as farmers held ...

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• 29 October

  China’s slowdown rolls on into October, early indicators show

  

  Bloomberg China’s third-quarter slowdown continued into October, with only a few signs of stabilisation evident amid the weakest pace of expansion in almost thirty years. Bloomberg Economics’ gauge aggregating the earliest available indicators from financial markets and businesses showed the economy cooling for a sixth month, with indicators for trade, factory prices, iron ore and copper all worsening. Easing tensions ...

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• 29 October

  Singapore’s labour market is showing strain as economy slows

  

  Bloomberg Singapore’s resilient labour market is starting to come under strain as the trade-reliant economy struggles in the face of global pressures. Retrenchments are rising, companies are more cautious raising wages, and it’s getting harder for those who lose their jobs to find new work. While the central bank is optimistic of some recovery in the economy in upcoming quarters, ...

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• 29 October

  China’s bitcoin machine maker files for US IPO

  Bloomberg Canaan Inc, the world’s second-largest maker of Bitcoin mining machines, filed for a US initial public offering. The Hangzhou, China-based company listed its offering size as $400 million in its filing with the US Securities and Exchange Commission. The amount is typically a placeholder that is likely to change. Canaan attempted a Hong Kong listing last year before letting ...

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• 29 October

  US futures drift lower, Europe stocks drop as bonds advance

  

  Bloomberg US index futures drifted lower and European stocks dropped as investors awaited a possible Federal Reserve interest-rate cut and some of the season’s biggest corporate earnings. Treasuries edged higher and most European bonds rose. Contracts on the S&P 500 nudged down a day after the US equity benchmark hit a record, and ahead of results from drug giants Pfizer ...

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• 29 October

  India stocks rise on earnings optimism

  

  Bloomberg Indian stocks rose on optimism that companies have weathered the worst of an economic slowdown. Tata Motors Ltd surged for a second session after posting earnings that beat expectations. The S&P BSE Sensex climbed 1.5% to 39,831.84 at the 3:30 pm close in Mumbai. The NSE Nifty 50 Index advanced 1.4%. Sentiment is improving as companies report business wasn’t ...

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• 29 October

  H&M CEO sees ‘terrible’ fallout as consumer shaming spreads

  

  Bloomberg The chief executive officer of fashion giant Hennes & Mauritz AB says a growing movement that shames consumers represents a very real social threat. Karl-Johan Persson, the 44-year-old H&M CEO and son of its billionaire chairman, is speaking out as a pattern of shaming that initially targeted air travellers spreads into more industries, including his. The movement has gained ...

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• 29 October

  Walmart, CVS pull J&J baby powder off shelves amid recall

  

  Bloomberg Walmart Stores Inc and CVS Health Corp are pulling some bottles of Johnson & Johnson’s baby powder off store shelves after government regulators found tiny amounts of asbestos in one lot of the talc-based product. Rhode Island-based CVS, the largest US pharmacy chain by locations, said it’s removing all 22-ounce-sized Baby Powder bottles from its stores and off its ...

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• 29 October

  Lockheed, Pentagon to seal $34b F-35 deal

  

  Bloomberg Lockheed Martin Corp and the Pentagon are set to announce a final agreement on a long-awaited contract for the next-generation F-35 jets that would be the biggest yet, according to three people familiar with the decision. The purchase of the stealthy F-35 for US and allied militaries is likely to be valued at about $34 billion for 478 fighters. ...

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• 29 October

  Popeyes hires more staff as hit sandwich returns

  

  Bloomberg The Popeyes restaurant chain is planning to bring back its overwhelmingly popular chicken sandwich, but this time it’s calling in reinforcements. Sun Holdings Inc, which operates about 150 Popeyes locations, will offer the item beginning in early November, according to Chief Executive Officer Guillermo Perales. To prepare, the restaurants are hiring additional 400 employees and may dedicate up to ...

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