November, 2019

• 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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• 3 November

  Hundreds arrested as HK protesters vandalise city

  

  Bloomberg At least 200 people were arrested in Hong Kong as protesters blocked roads, vandalised public facilities and set alight exits of subway stations. Police fired multiple rounds of tear gas and deployed a water cannon on black-clad demonstrators who built barricades across busy streets, including a highway, and threw flaming objects in Wan Chai on Hong Kong Island. MTR ...

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• 3 November

  US, S Korea to suspend joint military drill again

  

  Bloomberg The US and South Korea will suspend a planned air-power military drill for the second straight year to avoid increasing tensions with North Korea while denuclearisation talks between Washington and Pyongyang are stalled, Yonhap News reported, citing an unidentified official. Vigilant Ace, the joint exercise scheduled for December, involves hundreds of aircraft including US strategic bombers, the news agency ...

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• 3 November

  Pakistan opposition stages protests to oust premier

  

  Bloomberg Members of opposition parties in Pakistan are staging a sit-in protest in capital Islamabad, demanding the ouster of Prime Minister Imran Khan over his handling of the economy. Opposition cleric Fazl-ur-Rehman of Jamiat Ulema-e-Islam-Fazl is leading the protests, which are supported by Pakistan Muslim League-Nawaz’s Shahbaz Sharif and Pakistan People’s Party chairman Bilawal Bhutto Zardari. Khan has refused to ...

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• 3 November

  Brexit to happen fast if Tories win: Johnson

  

  Bloomberg British PM Boris Johnson will push his Brexit deal through parliament “very fast” and avoid any further dithering if his Conservative Party wins the general election on December 12, he told the Sunday Express newspaper in an interview. The UK will have the chance not just to do a free trade deal with the European Union, but it can ...

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• 3 November

  Tamaki warns of ‘resistance’ to US missiles

  

  Bloomberg As the Pentagon hunts for sites to deploy missiles against a rising China, Okinawa’s governor is warning the US to steer clear of the southern Japanese prefecture. Governor Denny Tamaki said in an interview that any US attempt to base intermediate-range ballistic missiles in Okinawa would be firmly opposed by the local people. Tamaki, who was elected last year ...

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• 3 November

  Pelosi sets bar high for Trump impeachment inquiry

  

  Bloomberg House Speaker Nancy Pelosi, offering her most expansive view of the impeachment probe to date, said she decided to advance the inquiry into President Donald Trump after his phone call with Ukraine’s leader provided her with the “clarity” that prior allegations against Trump lacked. Pelosi said the partial transcript of Trump’s July 25 conversation with Ukrainian President Volodymyr Zelenskiy ...

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• 3 November

  UK set for slowest growth in a decade in 2020: EY Item Club

  

  Bloomberg UK economic growth is set to slow to the weakest pace in a decade next year, leaving Bank of England policy makers on hold through to 2021, according to the EY Item Club. The forecaster will say on Monday that GDP will increase 1% in 2020, down from a projection of 1.5% made in July, due to the weaker ...

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