September, 2019

• 30 September

  Indiabulls sinks 34% amid pressures

  

  Bloomberg Indiabulls Housing Finance Ltd suffered the worst decline since its 2013 initial share sale after India’s central bank placed curbs on a lender it plans to acquire, extending Friday’s slide sparked by a court probe into allegations of fraud. The stock crashed as much as 38 percent before closing 34 percent lower at 255.9 rupees, the lowest in five ...

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• 30 September

  China factory outlook improves in September ahead of US talks

  

  Bloomberg China’s manufacturing sector improved in September on an uptick in new orders and infrastructure spending, but with the data showing factories still contracting and other indicators pointing to economic weakness, it’s not unalloyed good news for policy makers. The manufacturing purchasing managers’ index rose to 49.8, according to data released by the National Bureau of Statistics on Monday. That’s ...

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• 30 September

  Consumer gloom in India may dim festive cheer

  Bloomberg Poor demand from Indian consumers could dampen the mood during festivals in October, especially for automobile makers and retailers that count on the season for a sales boost, analysts predict. Indians typically buy everything from new cars to shoes for themselves and as gifts during celebrations steeped in religion and tradition. Yet the slowest economic growth in six years, ...

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• 30 September

  Fed up with US trade tactics, Europe eyes its own escalation

  

  Bloomberg Europe’s relationship with the US has been stretched to the limit by President Donald Trump’s “America First’’ foreign policy. But disputes about aircraft subsidies and auto tariffs coming to a head over the next two months could put the allies in a trade war. And while transatlantic relations have been fraying since Trump came to office more than two ...

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• 30 September

  Property bubble risks in euro area grow

  

  Bloomberg The risk of a property bubble in the euro zone surged last year as ultra-low interest rates helped drive up house prices. Munich is now the city most vulnerable to a property bubble, according to UBS Group AG’s annual Real Estate Bubble Index. Frankfurt and Paris are increasingly in danger of prices becoming unsustainable, even as some of the ...

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• 30 September

  John Malone’s $6.4 billion Swiss sale is too close to call

  

  Bloomberg Liberty Global Plc Chairman John Malone’s latest move to reshape his European interests is hanging in the balance. The sale of his Swiss business to Sunrise Communications Group AG for 6.3 billion Swiss francs ($6.4 billion) is proving a tough sell for the buyer’s shareholders and the biggest of those, Freenet AG, on Monday rejected management’s latest move to ...

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• 30 September

  New York City heat to near record

  Bloomberg New York City will flirt with record heat on Wednesday when the temperature is set to reach 32 Celsius, just one degree shy of a level that’s only been hit five times on this date in 150 years. If the mercury reaches 90 on October 2, it will tie a record last felt in 1927. The heat is being ...

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• 30 September

  EU jobs offer some joy amid manufacturing, inflation gloom

  

  Bloomberg Europe’s job market is giving some hope to the region’s economic story, which has been dominated by a deepening slump in manufacturing that’s tipped Germany close to recession. Figures showed the euro-area unemployment rate fell to 7.4 percent in August, the lowest in over 11 years. Italy also reported an unexpected drop in its rate to 9.5 percent and ...

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• 30 September

  Trump compromised national security for personal interests

  

  If you’re wondering why it matters that President Trump withheld military aid to Ukraine while he was requesting political favours from its new president, think about the Ukrainian soldiers who are fighting a nasty proxy war against Russian-backed separatists. America is Ukraine’s ally in this fight. Ukrainian commanders, battling to hold their country together against a five-year onslaught by Russia, ...

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• 30 September

  Commerzbank is painfully honest

  

  Commerzbank AG, Germany’s second-biggest publicly traded bank, has just unveiled a strategic overhaul that is supposed to secure its future as a standalone company. But even if everything goes well, its new “Commerzbank 5.0” plan foresees meager profitability at best. Weakened by fierce domestic competition, bloated costs and a squeeze on margins from negative central bank interest rates, Commerzbank explored ...

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