November, 2019

• 3 November

  Google, Walmart help drive India payments past 1bn transactions

  

  Bloomberg A payments platform created by India’s largest retail banks surpassed a billion transactions in October, a milestone that affirms the tremendous growth of services offered by US giants from Walmart Inc to Amazon.com Inc and Google. Indian digital payments took off when the government pushed demonetisation in 2016, invalidating most of the country’s high-value currency notes in a move ...

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• 3 November

  US may not need to put tariffs on european cars

  

  Bloomberg The Trump administration may not need to put tariffs on imported automobiles later this month after holding “good conversations” with automakers in the European Union, Japan and elsewhere, Commerce Secretary Wilbur Ross said. In May, the White House agreed to delay new tariffs on imported vehicles and parts for six months as Washington engaged in negotiations with the European ...

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• 3 November

  SoftBank-backed OneWeb preparing to raise $1 billion

  

  Bloomberg Satellite-maker OneWeb is preparing to raise another $1 billion as costs soar for its planned launch of hundreds of advanced orbiters into space in 2020, the Telegraph reported, citing unidentified people. OneWeb aims to raise the funds from investors as it prepares to launch 30 satellites a month from December in what will be the largest-ever program of its ...

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• 3 November

  Prime-age Americans in workforce hit decade high

  Bloomberg The percentage of people in the US aged 25 to 54 who are employed or actively looking for work has climbed to the highest in a decade as demand in the health-care and education sectors lures more women into the workforce. Labour force participation in the so-called prime-age group rose to 82.8% in October, matching the rate from August ...

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• 3 November

  UAW chief takes paid leave as corruption probe deepens

  

  Bloomberg United Auto Workers (UAW) President Gary Jones, who led negotiations that ended an almost six-week strike at General Motors Co was expected to take a leave of absence Sunday amid reports he is involved in a years-long corruption scandal. Those allegations clouded contract talks with US automakers. “I do not want anything to distract from the mission,” Jones said ...

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• 3 November

  Main Street trouncing Wall Street in game of earnings guidance

  

  Bloomberg Stock investors have stopped heeding the increasingly skeptical message of Wall Street earnings forecasters. Maybe everyone should. Pessimism of any type is starting to look like a misjudgment in the stock market of 2019, a year with a shot at becoming one of the best in decades. The S&P 500 has surged for four straight weeks, closing at a ...

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• 3 November

  ‘Bull market’ heats up again as yearly advance hits 22%

  

  Bloomberg It’s old, but it’s not slowing down. A bull market that traces its lineage to the depths of the financial crisis is revving up again, notching its fourth straight weekly gain and pushing its advance in 2019 past 22%. After wavering at mid-year amid a US-China trade war and recession anxieties, American stocks are back in melt-up mode, ending ...

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• 3 November

  Hope for global solar boom fades

  

  Bloomberg Hope for a boom in the global solar industry this year is fading as the top market is expected to miss its installation target. China is likely to fail meeting the new capacity estimates it touted earlier this year, which were as high as 45 gigawatts, according to analysts at Daiwa Capital Markets and BloombergNEF, as well as the ...

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• 3 November

  China’s precarious future

  

  Demography does not dictate any nation’s destiny, but it shapes every nation’s trajectory, so attention must be paid to Nicholas Eberstadt. He knows things that should occasion some American worries, but also knows more important things that should assuage some worries regarding Russia and China. Writing in the July/August issue of Foreign Affairs (“With Great Demographics Comes Great Power”), Eberstadt, ...

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• 3 November

  Winters justifies his pay package

  

  Bill Winters, the target of the biggest shareholder mutiny at a large British bank in five years, is taking the fight back to his detractors. The Standard Chartered Plc chief executive officer looks in no mood to throw in the towel on his promise to achieve a double-digit return on tangible equity by 2021. In a world that’s slipping back ...

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