May, 2019

• 11 May

  Russia’s aircraft ambition exceeds its competence

  

  The crash at Moscow’s Sheremetyevo Airport that killed 41 people on Sunday hasn’t been fully explained yet. Yet it should serve as a reminder that post-imperial ambitions have a cost, including in human lives. The doomed Aeroflot Sukhoi Superjet 100 had returned to the airport some 30 minutes after takeoff due to a lighting strike, then made a hard landing ...

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• 11 May

  Why investors love Singapore’s malls

  

  Singaporeans aren’t spending like they used to, at least not in shopping malls. There are too many already and more are being built. But investors still have good reasons to back mall owners. The city-state has 6.1 million square meters of retail space, of which 8.7 percent is vacant. Yet companies are forecast to add a further 364,000 square meters, ...

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• 11 May

  Deutsche Bank is driven by its ex-Goldman man

  

  During the go-go years before the financial crisis, Deutsche Bank AG expanded with reckless abandon, chasing a spot among the Wall Street elite at all costs. Since the wheels came off for the industry at the end of the last decade, the German giant has been ruinously slow to adapt, deepening the value destruction for its shareholders. For two decades ...

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• 11 May

  Apple preps upgrades for iPhone apps, watch, health data

  

  Bloomberg Apple Inc is planning to unleash a slew of new apps, features and development tools at its annual software conference next month. To improve its devices and strengthen its connection to customers, the consumer technology giant will continue to walk a fine line between wooing outside app makers while also competing against them. The Worldwide Developers Conference, or WWDC, ...

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• 11 May

  Dyson patents reveal plans for electric car set for 2021

  

  Bloomberg Dyson Ltd’s electric car may have a long wheel base, an interior cabin with reclining seats and an aerodynamic design, according to patents awarded to the company. The patents, filed about 18 months ago and made public, are the first glimpse of the car being built by the UK-based company known for pricey vacuums, hair dryers and air purifiers. ...

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• 11 May

  Google debuts new Pixel phones after premium handsets flop

  

  Bloomberg Google unveiled cheaper Pixel smartphones after the company’s line of premium handsets failed to sell in large numbers. Slower processors and cheaper materials helped Google price the Pixel 3a with a 5.6-inch screen at $399. The larger Pixel 3a XL has a 6-inch screen and costs $479. That’s roughly half the price of the company’s existing Pixel phones, before ...

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• 11 May

  Fed likely to cut rates as US raises Chinese import tariffs

  

  Bloomberg The Federal Reserve probably will be more inclined to cut interest rates now that President Donald Trump has followed through on his threat to increase tariffs on US imports from China. But it won’t rush into doing so. While the higher levies will put upward pressure on inflation by raising import prices, the central bank will likely be more ...

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• 11 May

  Tencent, Ant Financial, Xiaomi join Hong Kong’s virtual banking race

  

  Bloomberg Tencent Holdings Ltd., Ant Financial, Industrial & Commercial Bank of China Ltd. and Xiaomi Corp. are among companies to win licenses to create virtual lenders in Hong Kong, bringing major players into the race to shake up the city’s traditional banking sector. Tencent has teamed up with ICBC’s local unit and Hong Kong Exchanges and Clearing Ltd., according to ...

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• 11 May

  SocGen launches crypto to $2trn market for covered bonds

  

  Bloomberg A bond market as old as capitalism itself has emerged as the latest proving ground for cryptocurrencies. A unit of Societe Generale SA sold 100 million euros ($112 million) of covered bonds — debt backed by mortgages — in the form of digital tokens with the French bank as the only buyer. The idea of last month’s pilot issue ...

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• 11 May

  Norway set for June interest rate hike in sign of breaking with global trend

  

  Bloomberg Norway’s central bank said it will probably raise interest rates in June, three months after the last increase, as policy makers break with a global trend and commit to tightening. The economy of Western Europe’s biggest oil exporter is nearing full capacity as its labour market grows tighter and inflation creeps above Norges Bank’s target. But with central bankers ...

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