September, 2019

• 18 September

  Nissan Motor seeks sale of trading unit in $1 billion deal

  

  Bloomberg Nissan Motor Co is seeking to sell a wholly owned subsidiary that distributes vehicle parts and materials in a deal that may be valued at about $1 billion, as the struggling Japanese automaker seeks to slim down, people familiar with the matter said. The company has invited private equity and trading firms to bid for 100 percent of Nissan ...

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• 18 September

  South Korean visitors to Japan plunge by half amid trade spat

  

  Bloomberg The trade spat between Japan and South Korea caused Korean visits to its neighbor to plunge by almost half in August, dragging down overall arrivals to Japan for only the second time in six years. Tourists from South Korea, which normally make up about a quarter of visitors to Japan, plummeted 48 percent to 308,700 people, according to the ...

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• 18 September

  India’s equity and hybrid mutual fund fees among most expensive

  

  Bloomberg India still ranks among the most expensive countries in the world in terms of fees charged on equity and hybrid mutual funds, even after implementation of a number of investor-friendly measures in recent years. The country’s asset-weighted median expense ratio for equity mutual funds is 1.93 percent, according to a study of by Morningstar Inc. That’s higher than all ...

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• 18 September

  Air quality in Singapore, Kuala Lumpur, Jakarta worst in world

  

  Bloomberg The air quality level in Singapore turned unhealthy ahead of the Formula 1 race this weekend, while Kuala Lumpur was ranked among the world’s most polluted cities, as wind from neighboring Indonesia continued to sweep in ash and smoke from illegal burning of forests and farm land. Authorities cancelled schools for nearly one in seven Malaysian children as the ...

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• 18 September

  Seoul has most to lose amid surge in oil prices

  Bloomberg South Korea stocks, one of the worst-hit markets in the wake of US-China trade tensions, face another risk: the surge in crude oil prices. Nader Naeimi, head of dynamic markets at AMP Capital Investors, is selling Korean equities on concern rising geopolitical risks in the Middle East will raise oil prices, hurting the earnings of Korean firms. He’s turning ...

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• 18 September

  GM’s cave-in on health signals trouble for industry seeking cuts

  

  Bloomberg If General Motors (GM) Co’s negotiations with the United Auto Workers (UAW) are any indication, Detroit’s automakers may not have a prayer in their effort to rein in rising healthcare costs. As GM was nearing the expiration of its labor contract with the union, the carmaker sought to have hourly workers pay 15 percent of their health-care costs, according ...

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• 18 September

  Apple fights Irish units claim in EU court clash

  

  Bloomberg Apple Inc sought to rebut claims by the European Commission that Irish units at the centre of its fight to overturn a record $14.3 billion tax bill are nothing but phantoms. Judges weighing Apple’s legal challenge on day two of a hearing at the EU’s General Court homed in on the exact functioning of the Irish branches that allowed ...

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• 18 September

  Danaher’s dental arm raises $589m in US IPO

  Bloomberg Envista Holdings Corp, a dental products maker, raised $589 million after pricing its US initial public offering within the marketed range. The dental business of medical and industrial equipment manufacturer Danaher Corp sold 26.8 million shares for $22 apiece, according to data compiled by Bloomberg. The shares were offered at $21 to $24 each, according to a regulatory filing. ...

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• 18 September

  US-Japan deal may be announced this month, says Larry Kudlow

  

  Bloomberg The Trump administration is optimistic about concluding a trade deal with Japan, which may be formally announced this month, said White House economic adviser Larry Kudlow. President Donald Trump and Japanese PM Shinzo Abe are scheduled to hold a one-on-one meeting on September 25 during the UN General Assembly in New York, Kudlow said. “There just might be an ...

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• 18 September

  Adobe sees slower sales growth for marketing products

  

  Bloomberg Adobe Inc gave a revenue forecast for the current period that fell short of Wall Street estimates, signalling slower sales growth for its newer marketing products. Revenue will be about $2.97 billion in the period ending in November, the San Jose, California-based company said in a statement. Analysts projected $3.02 billion, according to data compiled by Bloomberg. Chief Executive ...

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