July, 2019

• 21 July

  Toyota Motor partners with BYD to develop electric vehicles in China

  

  Bloomberg Toyota Motor and BYD agreed to jointly develop electric vehicles in China, the latest in a series of deals between a major global automaker and Chinese manufacturer. The two companies will work together on electric sedans and sports-utility vehicles with the goal of introducing them during 2020 to 2025, they said in a statement. The partnership also includes the ...

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• 21 July

  Singapore’s GIC, CVC among firms eyeing Euroclear stake

  

  Bloomberg Buyout firm CVC Capital Partners and Singapore’s sovereign wealth fund GIC Pte are among firms considering bids for a stake in the $6.4 billion European settlements giant Euroclear, according to people familiar with the matter. The Brussels-based company, which counts London Stock Exchange (LSE) Group Plc as a shareholder, is planning to decide in the coming days whether to ...

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• 21 July

  Rising odds of Singapore easing may see yields go up, not down

  

  Bloomberg A rapid deterioration in Singapore’s economic data has fuelled speculation the central bank will ease monetary policy. The result may be higher interest rates and bond yields. Bets on the Monetary Authority of Singapore (MAS) will adjust policy have intensified after government reports over the past month showed the economy unexpectedly shrank 3.4 percent in the second quarter and ...

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• 21 July

  Lawyers stranded in no-deal Brexit seek ‘ways’ to keep jobs

  

  Bloomberg UK lawyers with lucrative careers in European Union law are fighting to save their jobs after the bloc’s top courts warned that a no-deal Brexit would forbid them from representing clients. In a letter, a senior official at the Court of Justice of the European Union in Luxembourg urged British lawyers practicing EU law to put in place contingency ...

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• 21 July

  Renault set to invest $144mn in Jiangling electric car venture

  

  Bloomberg Renault SA will invest 128.5 million euros ($144 million) for a 50 percent stake in a venture with Jiangling Motors Corp (JMC) to develop electric vehicles in China, part of a push by the French company to make further inroads into the world’s biggest car market. The Chinese entity was created in 2015 and already holds certification to manufacture ...

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• 21 July

  Carbon pollution price in Europe nears key 30 euros threshold

  

  Bloomberg Europe’s carbon market is nearing the psychologically important threshold of 30 euros ($33.70) a ton after signs the region will tighten rules on polluters and curtail supplies of allowances. The value of the securities that cover greenhouse gas emissions from industry and utilities has almost doubled in the past year, finishing at their strongest weekly close since 2006. That ...

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• 21 July

  Europe braces for another heatwave after hottest June

  Bloomberg After a scorching weekend across the US east coast, it’s Europe’s turn to dial up the air conditioners and fans this week. Temperatures could rise as high as 34 degrees Celsius (93 Fahrenheit) by Wednesday in London and other parts of Britain, compared with about 21 Celsius now, according to the Met Office. Paris is forecast to be as ...

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• 21 July

  Microsoft cloud software fuels sales, profit beat

  

  Bloomberg Microsoft Corp rose to a record after topping quarterly sales and profit projections, fuelled by steady demand for cloud-computing services and a surprisingly strong Windows business. The company’s forecast promised robust growth will continue into next year. The software maker pledged “double-digit” percentage gains in sales and operating income for the year. Results are getting a boost from larger ...

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• 21 July

  Boeing’s 737 Max charge is only end of the beginning

  

  Boeing Co.’s willingness to put a price tag on its 737 Max crisis and set a firmer timeline for the plane’s return is a sign it sees those troubles as closer to being resolved. The risk is that the company is still the most optimistic one in the room. Boeing announced it would take a $4.9 billion after-tax charge in ...

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• 21 July

  Amazon.com plays nice in Germany

  

  As part of a settlement with Germany’s antitrust authorities, Amazon.com Inc. has agreed to change a number of its business practices. The move should serve as a model to other US tech companies that prefer to pay fines to the European Union and challenge its antitrust rulings in the courts rather than alter their behaviour to comply with local rules. ...

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