September, 2019

• 7 September

  Ghana bank sees room for looser policy

  

  Bloomberg Ghana’s central bank has additional space to loosen policy thanks to the global move toward lower interest rates, as long as inflation slows, according to Governor Ernest Addison. “We are on a good disinflation path,” Addison said in an interview with Bloomberg TV at the World Economic Forum on Africa in Cape Town. “Inflation has continued to come down ...

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• 7 September

  UK Labour warns to restrict bankers’ bonuses if elected

  

  Bloomberg The UK Labour Party would seek to ban excessive bonuses for bankers if it came to power, unless the financial industry takes steps to curb excessive payments. John McDonnell, Labour’s Treasury spokesman, told the Financial Times he wanted to issue a warning to the finance industry that he would “take action” if it “hasn’t learnt its lesson.” A spokesman ...

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• 7 September

  Deutsche Bank regulators review supervisory board member

  

  Bloomberg German financial regulators are concerned about Deutsche Bank AG’s appointment of Juerg Zeltner to the supervisory board because his role as wealth management executive could pose conflicts of interest. They worry that Zeltner’s job running KBL European Private Bankers SA is incompatible with his oversight role at Deutsche Bank, according to people briefed on the matter. If the bank ...

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• 7 September

  Samsung’s redesigned Galaxy Fold on sale in home market

  

  Bloomberg Samsung Electronics Co’s Galaxy Fold was on sale in its home market of South Korea, following a months-long delay caused by the discovery of a severe defect in the original design. The Galaxy Fold, a $1,980 luxury Android device that opens like a book, was originally scheduled to go on sale in April, but it was delayed after multiple ...

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• 7 September

  Momo falls 6% after China starts probe into viral face-swap app

  

  Bloomberg Momo Inc’s shares slid by their most in a month after China’s technology industry overseer began an inquiry into how its Zao face-swapping app handles user data. The stock slid 6.6 percent after the Ministry of Industry and Information Technology responded to an online outcry about privacy terms involving the app, which went viral in the world’s biggest smartphone ...

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• 7 September

  Amazon targets Europe with new Fire TV

  Bloomberg Amazon.com Inc announced a new lineup of televisions running its smart Fire TV operating system, including the first sets it has sold in Europe. The retail and technology giant says it’s working with manufacturers and retail partners to bring more than 15 Fire TV devices to market over the next year. They include JVC-branded TVs bound for Currys PC ...

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• 7 September

  Users worry about smart speaker privacy, but buy them

  

  Bloomberg Consumers are worried machines by Amazon and Google are eavesdropping on them at home, but that’s not stopping purchases. Despite increasing concerns about “passive listening” and privacy risks, more people are buying smart speakers like Amazon.com Inc’s Echo and the Google Home, according to a Capgemini Research Institute report. Almost half of the survey’s 12,000 respondents who live in ...

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• 7 September

  Venezuela’s oil woes deepen

  

  Bloomberg A Chinese oil contractor halted work on an expansion project in Venezuela because it hasn’t been paid, underscoring the difficulties for the Nicolas Maduro regime even at energy ventures backed by allies. China Huanqiu Contracting and Engineering Corporation, an affiliate of government-run China National Petroleum Corp., (CNPC) notified the Sinovensa joint venture it has suspended work to expand a crude ...

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• 7 September

  India eyeing US crude that China’s offering amid tariffs

  Bloomberg An Indian state-owned refiner is mulling purchase of American oil from Chinese sellers offering cargoes that would be hit by new tariffs on US supplies. Bharat Petroleum Corp. is looking for opportunities to buy some US crude diverted from their original destination of China, according to Refineries Director R. Ramachandran. He said the previously-reported purchase of up to two ...

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• 7 September

  Trump ups ante in feud with California over car emissions

  

  Bloomberg The Trump administration has launched a multipronged legal assault on an agreement California struck with four carmakers in defiance of the president’s plan to ease national standards on tailpipe emissions. Lawyers from the Transportation Department and Environmental Protection Agency sent a letter to California’s top air-pollution regulator, urging the state to abandon its pact with the automakers and warning ...

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