September, 2019

• 4 September

  China probes knives in FedEx package to HK

  

  Bloomberg China is investigating FedEx Corp on suspicion of illegally handling a package to Hong Kong containing knives that are controlled by law, the state-run Xinhua News Agency reported. The knives have been confiscated by authorities, Xinhua said, without providing more details. The case follows the discovery of a gun in a package delivered by FedEx to a company in ...

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• 4 September

  HK house prices could slide 30%: JPMorgan

  

  Bloomberg JPMorgan Chase & Co has landed on six property stocks that can best weather the Hong Kong turmoil after applying a worst-case scenario that envisages home prices plunging 30 percent, retail sales falling by a similar amount and prime office rents sinking 40 percent. While a worst-case scenario may seem a rather grim starting point, analysts at the New ...

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• 4 September

  Throw eggs away to support chicken meat prices: Indonesia

  

  Bloomberg In Indonesia, the chicken comes before the egg. At least in the sense that the government is asking poultry breeders to throw away 10 million eggs or give them away for free in an attempt to support slumping chicken prices. It’s hoping that a reduction in the number of eggs that may hatch will shrink chicken supplies and prop ...

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• 4 September

  Google, industry try to water down 1st US data-privacy law

  

  Bloomberg Google and its industry allies are making a late bid to water down the first major data-privacy law in the US, seeking to carve out exemptions for digital advertising, according to documents obtained by Bloomberg and people familiar with the negotiations. A lobbyist for Google recently distributed new language to members of California’s state legislature that would amend the ...

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• 4 September

  Hurricane Dorian lashes Florida after battering Bahamas

  

  Bloomberg Hurricane Dorian menaced the US East Coast with devastating flooding and winds, lashing Florida after laying waste to the Bahamas in a brutal two-day battering that caused damage that may cost the islands billions of dollars. The centre of the Category 2 hurricane was located about 90 miles (145 kilometres) east of Daytona Beach, Florida, with maximum sustained winds ...

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• 4 September

  Electrolux to rebrand with Swedish vibe

  Bloomberg Electrolux AB has revamped its marketing message, stealing a page from fellow Swedish brands Volvo Cars and Ikea that highlight progressive Nordic values like sustainability, safety and simplicity. The fresh approach coincides with a renewal of Electrolux’s lineup of stoves, refrigerators and other appliances, as well as trade and tariff turmoil that’s forced the 100-year-old company to raise prices. ...

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• 4 September

  Britain on course for recession as services growth stagnates

  

  Bloomberg The UK may be on course for its first recession since the financial crisis after Brexit uncertainty pushed down the nation’s dominant services industries more than expected. Growth in the sector almost stalled last month, IHS Markit said as it published its Purchasing Managers Index on Wednesday. With similar surveys indicating the nation’s manufacturing and construction industries are in ...

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• 4 September

  Germany aims to ban glyphosate usage

  

  Bloomberg Angela Merkel’s government aims to phase out herbicides containing glyphosate by the end of 2023, a move that could generate further headwinds for German drug and chemical giant Bayer AG. As part of the proposal approved by her cabinet on Wednesday, the government intends to oppose any request for the EU to renew the license to produce the weedkiller, ...

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• 4 September

  Hong Kong’s Lam scraps bill that sparked months of unrest

  

  Bloomberg Hong Kong’s embattled leader, Carrie Lam, formally withdrew legislation to allow extraditions to China, a political retreat that may help ease — but not end — months of unrest in the Asian financial hub. Lam announced the move in a televised address on Wednesday, after a meeting with pro-establishment politicians including local legislators and the city’s representatives to national ...

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• 4 September

  Trump UN envoy to deliver message minus ‘bombast’

  

  Bloomberg Kelly Craft is expected to leave bombast to Donald Trump, swagger to Michael Pompeo and hard-line strategy to John Bolton when she takes her seat as US ambassador at the UN next week. In an administration known for its confrontations with both allies and adversaries, Craft, a wealthy Trump campaign contributor who previously served as envoy to Canada, has ...

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