September, 2019

• 22 September

  Hong Kong protesters mob malls, vandalise rail station

  

  Bloomberg Hundreds of protesters gathered at malls in Hong Kong’s Kowloon and New Territories districts and vandalized a train station before clashing with riot police in Shatin. The rallies were relatively muted coming after Saturday’s clashes that continued late into the night with protesters throwing petrol bombs and police firing tear gas, and some officers coming under direct attack. Hong ...

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• 22 September

  Typhoon Tapah disrupts flights in Japan, South Korea

  

  Bloomberg Hundreds of domestic flights in Japan were canceled because of Typhoon Tapah, and the storm caused similar disruptions in South Korea as it moved to make landfall on Sunday. Airlines operating in Japan called off more than 420 domestic flights as of 2 pm on Sunday due to the typhoon, the national broadcaster NHK reported. More than 390 flights ...

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• 22 September

  UK’s Labour party backs away from civil war

  

  Bloomberg A motion to oust Tom Watson, deputy leader of the UK’s main opposition Labour Party, was withdrawn after it opened up divisions on the first day of the party’s conference, threatening to overshadow preparations for a general election. The ruling National Executive Committee was due to vote on the surprise move as delegates met in Brighton, southern England, for ...

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• 22 September

  ‘No intention’ to meet Rouhani at UN: Trump 

  

  Bloomberg President Donald Trump said he doesn’t plan to meet Iranian President Hassan Rouhani during the United Nations General Assembly meeting this week, while leaving open the possibility that he might. “Nothing is ever off the table completely, but I have no intention of meeting with Iran,” the US president told reporters at the White House. “That doesn’t mean it ...

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• 22 September

  Professor upsets Tunisian politics with help of angry youth

  

  Bloomberg It took an austere law professor to channel the burning injustices of a generation disillusioned by the failures of the Arab Spring into an insurgent campaign that dealt a stinging rebuke to Tunisia’s political establishment. After a buildup that scarcely registered with the media, at the ballot box 61-year-old Kais Saied saw off nearly two dozen rivals seeking to ...

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• 22 September

  Best-performing currency of Asia may be primed for gains

  

  Bloomberg The Thai baht has been the runaway success among Asian currencies this year — surging more than 6 percent while the US-China trade war has punished peers such as the South Korean won and Chinese yuan. There are two reasons why it may rise even more. The Thai currency has proven to be the preferred Asian hedge against global ...

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• 22 September

  Canadian bank stocks set for a $23b comeback

  

  Bloomberg Canadian bank shares are returning with a vengeance, after lagging Canada’s broader stock market for much of the year. Toronto-Dominion Bank shares are on pace to climb for 13 straight days, the longest winning streak since at least 1983. Canadian Imperial Bank of Commerce has been rising for 12 days, its longest run since May 2018. And shares in ...

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• 22 September

  Stage set for Swiss franc as SNB keeps rate steady

  

  Bloomberg Currency traders may have a green light to push the franc higher after the Swiss National Bank (SNB) refrained from joining global central banks in easing policy. The franc has led gains among major currencies since Swiss policy makers projected lower inflation and growth yet did not follow the European Central Bank (ECB) and Federal Reserve in cutting interest ...

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• 22 September

  HKEX ropes in UBS, other banks to court LSE investors

  

  Bloomberg Hong Kong Exchanges & Clearing Ltd has started working with UBS Group AG as it begins its charm offensive to convince London Stock Exchange Group Plc investors on the merits of its takeover bid, people familiar with the matter said. The Swiss bank has been brought in as an adviser and is helping HKEX arrange meetings with LSE shareholders, ...

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• 22 September

  Yearlong cash woes caused default, says Altico Capital

  

  Bloomberg Beleaguered Altico Capital India Ltd said a prolonged cash squeeze for India’s shadow lenders and property developers after the collapse of IL&FS Group last year led to its default. Substantial strain in the short-term financing markets following a default by IL&FS caused a knock-on impact on other non-banking finance companies and the real-estate sector, Altico Capital said in a ...

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