October, 2019

• 26 October

  China willing to import $20b of US farm goods

  

  Bloomberg China aims to buy at least $20 billion of agricultural products in a year if it signs a partial trade deal with the US, and would consider boosting purchases further in future rounds of talks, people familiar with the matter said. The $20 billion would take its imports of US farm goods back to around the level in 2017, ...

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• 26 October

  Microsoft secures $10bn JEDI cloud deal, beats Amazon

  

  Bloomberg Microsoft Corp has won the sought-after JEDI cloud computing contract with the Pentagon valued at as much as $10 billion over a decade, dealing a blow to the market leader, Amazon.com Inc, which had been the front-runner. The decision, which was announced by the Defense Department, may be challenged by Amazon, according to a person familiar with the matter, ...

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• 26 October

  GM strike ends after almost six weeks at cost of $2 billion

  

  Bloomberg General Motors (GM) employees voted in favor of a new four-year labor agreement reached with the United Auto Workers (UAW), ending a nearly six-week-long strike that has cost the company about $2 billion and rippled through the US economy. The union said the deal was approved by 57.1% of its members, enough to ratify the contract and stop the ...

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• 26 October

  US business equipment orders decline again

  

  Bloomberg Orders placed with US factories for business equipment declined for a second straight month and shipments matched the biggest drop since 2016, the latest sign the dimmer global growth outlook and trade tensions with China are weighing on companies. The proxy for business investment — bookings for non-military capital goods orders excluding aircraft — fell 0.5% in September after ...

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• 26 October

  Apple receives street-high target at Morgan Stanley

  

  Bloomberg Apple Inc, which saw its shares touch a record high, just earned a new Street-high price target. Morgan Stanley raised its target to $289 a share from $247 a share, the highest among analysts and implying 20% upside from earlier closing price. The bank cited Apple’s upcoming TV+ release next month, contrasting with other brokers who have been less ...

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• 26 October

  Foreign funds coming back to Italy’s debt

  Bloomberg Italy is attracting foreign investors to buy its bonds as the new government’s more conciliatory stance towards the European Union on budget issues should reduce the country’s risk premium further, the head of the country’s debt agency said. Speaking at a conference in Milan, Davide Iacovoni said the nation “is no longer under the radar of international investors as ...

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• 26 October

  EU court rebukes France for diesel pollution in cities

  

  Bloomberg France suffered an embarrassing defeat at the European Union’s top court over EU warnings that big cities from Paris to Nice exceeded pollution limits caused mainly by diesel-car engines. In the first ruling following a recent crackdown on dirty air in nations including Germany, Italy and the UK, judges at the EU Court of Justice said France “systematically and ...

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• 26 October

  One million turn out in Chile as protests gather momentum

  

  Bloomberg More than a million people poured into Santiago’s public squares and thoroughfares in one of the biggest street protests ever seen in the Chilean capital. Downtown areas such as the iconic Plaza Italia came alive with people, mainly student-age and twenty-somethings but also older people and families, waving flags and banners seeking better pay, pensions, healthcare and education. Many ...

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• 26 October

  Russian agent Butina freed after US sentence

  

  Bloomberg Maria Butina, a Russian who was freed after serving a US prison sentence for failing to register as an agent of a foreign government, arrived in Moscow and thanked diplomats and groups who supported her. “Russians don’t give up,” she said in a brief statement at the airport, accompanied by her father and Foreign Ministry spokeswoman Maria Zakharova. A ...

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• 26 October

  Trump asks court to toss California ‘sanctuary law’

  Bloomberg President Donald Trump’s administration asked the US Supreme Court to throw out a California immigrant-sanctuary law that restricts local police from helping federal authorities round up and deport people who are in the country illegally. In an appeal, the administration said the 2017 measure undermines federal immigration enforcement efforts. The law “makes it more difficult for federal officers to ...

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