October, 2019

• 8 October

  US stocks slide amid trade tensions, Treasuries gain

  

  Bloomberg US equity-index futures extended a retreat alongside European stocks on Tuesday as investor optimism over looming trade talks was knocked by news the White House is moving towards possible restrictions on capital flows into China. Treasuries and gold advanced. Contracts for the three major US gauges had gained earlier, but they reversed after China said it strongly opposed an ...

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• 8 October

  Chinese stocks rise as trade resumes

  

  Bloomberg Chinese stocks rose as they traded for the first time in a week, with investors focusing on the upcoming trade talks with the US. The CSI 300 Index closed up 0.6%. Hangzhou Hikvision Digital Technology Co and Zhejiang Dahua Technology Co halted trading after they were placed on a US blacklist along with six other Chinese technology firms. Hong ...

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• 8 October

  Southwest pilots sue Boeing on ‘rush’ to sell unsafe Max

  

  Bloomberg The union for Southwest Airlines Co pilots sued Boeing Co, saying the manufacturer rushed output of the 737 Max jet to stay competitive, withholding key information about a feature that contributed to two fatal crashes within five months. “Boeing made a calculated decision to rush a re-engined aircraft to market to secure its single-aisle market share and prioritise its ...

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• 8 October

  Clicks surges most after defying tough S African market

  

  Bloomberg Clicks Group Ltd surged the most in 11 years in Johannesburg trading after the retailer said its full-year earnings would rise as much as 18%, despite the tough conditions confronting South African consumers. Clicks rose as much as 13%, the most since October 2008 to the highest since the shares started trading in March 1996. Profits have been boosted ...

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• 8 October

  EasyJet says profit at top end of forecasts

  

  Bloomberg EasyJet Plc said earnings for the year through September were toward the top end of its forecasts, helped by strikes at British Airways and Ryanair Holdings Plc. The unrest at EasyJet’s biggest rivals spurred demand and sent revenue per seat, a proxy for fares, up 0.8% in the second half despite earlier predictions of a slide, the Luton, England-based ...

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• 8 October

  Airbus plans venture to help airlines tackle revenue risk

  Bloomberg Airbus SE plans to establish a financial venture that will help its airline customers hedge against risks to revenue. The London-based Skytra Ltd operation was incorporated in May, according to filings with Companies House that describe its principal activity as the administration of financial markets. “We are currently examining the feasibility of creating a new infrastructure for financial-risk management ...

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• 8 October

  US court rejects Domino’s on blind man’s website lawsuit

  

  Bloomberg The US Supreme Court rejected an appeal from Domino’s Pizza Inc, leaving the company to face a lawsuit by a blind man who says its website and mobile-phone app don’t comply with a federal disabilities law. Corporate trade groups had urged the court to take up the case, saying they are seeing an explosion of lawsuits alleging that sites ...

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• 7 October

  UAE’s investments in Australia hit AED64b

  

  Abu Dhabi / WAM The UAE has around AU$26 billion (AED64 billion) worth of investments in Australia, revealed a senior Australian official on Monday. The Australian Deputy Prime Minister Michael McCormack, said that Australia and the UAE enjoy a strong bilateral relationship in areas including trade and investment, defence, law enforcement, security and consular cooperation. He told the Emirates News ...

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• 7 October

  Masdar joins UK government leaders at London’s CIIF event

  LONDON / WAM Masdar, a subsidiary of Mubadala Investment Company, on Monday joined UK government leaders in London for a specialised industry event to discuss its recent investment in the Charging Infrastructure Investment Fund (CIIF). Last month, Masdar became the first commercial investor in UK government’s GBP400 million CIIF, which aims to more than double the country’s electric vehicle charging ...

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• 7 October

  Petrofac wins contract in Britain’s North Sea

  

  LONDON / WAM UAE-linked Petrofac, an international service provider to the oil and gas production and processing industry, has secured a contract to support the appraisal and selection phase of the Greater Buchan Area development in Britain’s North Sea. Under the terms of the agreement, Petrofac will provide facilities and well support to Jersey Oil & Gas (JOG), which was ...

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