October, 2019

• 7 October

  China markets set to reopen with trade, Hong Kong in focus

  

  Bloomberg Chinese financial markets are set to open for the first time in a week on Tuesday, with investors likely to focus on this week’s trade talks with the US and the worsening situation in Hong Kong. Room for disappointment in both is growing. Senior Chinese officials have indicated the range of topics they’re willing to discuss has narrowed considerably, ...

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• 7 October

  Boeing faces deeper antitrust probe of Embraer deal in EU

  

  Bloomberg Boeing Co’s ventures with Embraer SA face a deeper antitrust probe from the European Union as regulators said the transaction threatens to knock out an important rival to the world’s biggest planemakers. The European Commission has until February 20 to issue a ruling on the deal after opening an “in-depth investigation,” according to a statement. Boeing and Embraer, which ...

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• 7 October

  Ted Baker sinks as new warning deepens woes

  

  Bloomberg Ted Baker Plc lost more than a third of its value after the UK apparel chain sank to a loss and warned that its performance could worsen amid price competition and a shift to online shopping. The retailer has been reeling since the resignation of founder Ray Kelvin. While the company has moved to improve office conduct, it’s succumbing ...

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• 7 October

  Sell old Burberry online, the brand might invite you for tea

  

  Bloomberg Burberry Group Plc is encouraging clients to give their old looks a second life by selling them online, a move that could help pull in holiday shoppers and bolster appeal with the environmentally conscious. In a rare partnership between a fashion house and the burgeoning marketplace for used luxury products, Burberry is teaming up with consignment website The RealReal. ...

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• 7 October

  Retailers help heat up IPO activity in SE Asia

  Bloomberg Retail has been one of the hottest sectors among recent Southeast Asian initial public offerings, as investors look to cash in on consumers’ increasing spending power in the region. “The domestic consumption growth story in Southeast Asia remains an attractive thematic for equity investors,” said Ho Cheun Hon, head of Southeast Asia equity capital markets at Credit Suisse. Home ...

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• 7 October

  Pepsi says consumer chugging along even with higher prices

  

  Bloomberg PepsiCo Inc is getting a boost from higher prices on its drinks and snacks, a sign US consumers still feel good amid recent indicators of a looming economic slowdown. The snack and beverage giant said it will meet or exceed its full-year revenue growth after sales and profit both topped Wall Street estimates for last quarter. The results showed ...

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• 6 October

  First World Road Congress in Mideast kicks off in Abu Dhabi

  Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, officially opened the 26th World Road Congress Abu Dhabi 2019 on Sunday as discussions on ...

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• 6 October

  ADX lists $10 billion of global medium term note program

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) on Sunday listed the Emirate of Abu Dhabi Global Medium Term Note Programme total amount of $ 10,000,000,000 in three tranches, according to ADX’s official website. Demonstrating strong investor confidence in its solid credit fundamentals, the Emirate of Abu Dhabi on September 23 successfully priced a $10 billion multi-tranche international ...

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• 6 October

  Abu Dhabi 7-month non-oil trade reaches AED121.5bn

  

  Abu Dhabi / WAM The value of non-oil foreign merchandise trade through Abu Dhabi ports stood at AED 121.5 billion by end of first seven months of 2019, according to the figures revealed by the Statistics Centre-Abu Dhabi (SCAD), Sunday. According to SCAD, foreign trade data presented do not cover non-oil exports and imports through ports of the other Emirates ...

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• 6 October

  ADGM, New Zealand to bolster cooperation

  

  Abu Dhabi / WAM The Registration Authority of the Abu Dhabi Global Market (ADGM), and the Registrar of Companies New Zealand have announced a partnership to expand their cooperation, in recognition of the increasingly international nature of business, aimed at improving the exchange of information and expertise in both jurisdictions. The Statement of Co-operation (Agreement) was signed by Dhaher bin ...

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