October, 2019

• 1 October

  China buys 1mn ton of US soy after tariff waivers

  Bloomberg Chinese companies purchased US soybeans after the government issued more waivers for retaliatory-tariff free imports, according to people familiar with the situation. Both state-owned and privately run firms purchased between 12 and 15 cargoes, or as much as 1 million tons, of the commodity, said the people, who asked not to be identified as the information is private. Some ...

  Read More »
• 1 October

  India’s infrastructure output contracts first time in 4 years

  Bloomberg India’s core infrastructure industries’ output contracted for the first time in more than four years in August, reflecting weak demand in the economy. The index of eight core infrastructure industries, which comprises output of coal, crude oil, cement and electricity among others, fell 0.5 percent in August. It had last declined in April 2015. The overall output was weighed ...

  Read More »
• 1 October

  Kansai to reveal details of payoff scandal

  

  Bloomberg Kansai Electric Power Co is set to disclose more details of a nuclear payoff scandal as investor scrutiny intensifies and the government orders an independent investigation. The utility plans to identify the 20 company officials who accepted gifts, including details about the cash and goods they received, at a press conference at 2 pm in Osaka, according to Kyodo ...

  Read More »
• 1 October

  Citing smog, Hanoi warns people to avoid outdoors

  Bloomberg A blanket of smog covering Vietnam’s capital of Hanoi is causing officials to warn residents to avoid going outside and wear protective masks. Hanoi was listed as having the worst air globally for pollution in major cities at 2 pm local time, data from monitoring firm Impair Air Visual showed. The Vietnam Environment Administration attributed the increase in smog ...

  Read More »
• 1 October

  Indian Motorcycles taps into roots with Japan relaunch

  

  Bloomberg A century ago, Indian Motorcycles were the brand of choice for Japan’s police. They were called “aka-bai” — or red bikes — because of their color. Now, the maker of big American two-wheelers is seeking to recapture some of that glory with a brand relaunch. Recreational vehicle maker Polaris Inc, which makes and sells Indian bikes, is betting that ...

  Read More »
• 1 October

  Japan curbing export of vital chipmaking material, says S Korea

  

  Bloomberg Japan is delaying export approval of a material vital to South Korea’s semiconductor manufacturing industry, Korea’s trade ministry said in a statement, as the trade fight between the neighboring countries shows no signs of abating. The trade ministry issued a statement saying Japan has not approved the export of liquid hydrogen fluoride — a highly purified chemical used to ...

  Read More »
• 1 October

  Aramco fully restores oil output

  

  Bloomberg Saudi Aramco is producing more than 9.9 million barrels a day of crude as it fully recovers from the worst-ever attacks on its energy infrastructure. Output reached that level on September 25 and is a “little bit” higher now, Ibrahim Al-Buainain, chief executive officer of state-owned Aramco’s energy trading unit, said. Saudi Arabia has also restored some spare capacity ...

  Read More »
• 1 October

  Petronas to hold IPO for S African unit Engen in 2020

  

  Bloomberg Petroliam Nasional BHd and its South African partners plan to conduct an initial public offering in their fuel retailer Engen to fund the upgrade of a refinery in the coastal city of Durban and to expand its network of gas stations. A yet to be decided amount of shares in the company, which is South Africa’s biggest fuel retailer, ...

  Read More »
• 1 October

  Amazon, Facebook, Google to face another House inquiry

  

  Bloomberg Big tech firms are about to face yet another congressional headache. House Small Business Committee Chairwoman Nydia Velazquez plans to invite Amazon.com Inc, Alphabet Inc’s Google and Facebook Inc to face questions from her committee on how the companies may be damaging the competitive landscape for small businesses. The hearing, which the committee hopes to hold in late October ...

  Read More »
• 1 October

  UK’s Greggs devises recipes for possible Brexit food shortage

  

  Bloomberg Greggs PLC has defied the decline of the UK’s retail districts with a popular range of cheap pastry products. Now it’s facing a new threat from a possible no-deal Brexit. The largest bakery chain in the UK is preparing to alter its recipes if its supply of perishable ingredients such as lettuce and tomatoes is delayed by a disorderly ...

  Read More »