January, 2019

• 12 January

  Amsterdam’s house prices set to hit record

  

  Bloomberg Amsterdam’s homes are going for record prices as more expats move into the city. House prices in the Amsterdam region rose 8 percent in the fourth quarter compared to the year earlier, statistics from realtors association NVM sho-wed. The median transaction price was 448,000 euros ($517,000), a new record. Although the pace of the rise was the slowest in ...

  Read More »
• 12 January

  PG&E faces confidence crisis from Wall Street to San Francisco

  

  Bloomberg PG&E Corp’s financial woes have spiralled into a crisis of confidence on Wall Street and beyond after fallout from deadly wildfires hobbled the company’s credit rating and eviscerated more than $16 billion of market value. The embattled California power giant’s bonds were among the biggest decliners in the high-yield market. Protesters interrupted a California Public Utilities Commission meeting in ...

  Read More »
• 12 January

  Wireless firms put big 5G gambles on display at CES

  

  Bloomberg Fifth-generation wireless technology may one day handle sci-fi tasks like guiding driverless cars, but today’s consumers are more concerned with making their phones work faster — and that’s not lost on mobile carriers who headed to CES in Las Vegas this year. In coming weeks, AT&T Inc will introduce an interim “5G E” service that promises 50 percent faster ...

  Read More »
• 12 January

  Samsung shows off robots for healthcare, retail stores

  

  Bloomberg Samsung Electronics Co showed off robots at the CES technology conference in Las Vegas, including one for retail stores and another in the healthcare space. The Bot Care can measure blood pressure and heart rate, detect falls and administer medicine, the South Korean technology giant said. It’s designed for in-home use. Bot Retail communicates with consumers in stores, while ...

  Read More »
• 12 January

  Walmart to add 2,000 staffers in tech group

  

  Bloomberg Walmart Inc plans to hire 2,000 technology experts this year to support its efforts both in stores and online, boosting the group’s ranks by more than a fourth. The world’s biggest retailer is looking for data scientists, software engineers, designers and others to work in nine offices from Silicon Valley to Bangalore, Walmart Chief Technology Officer Jeremy King said ...

  Read More »
• 12 January

  Nissan unveils the all-new Leaf

  Bloomberg Nissan Motor Co unveiled a new version of the Leaf that narrows the driving-range gap between its best-selling electric car versus Tesla’s Model 3 and Chevrolet Bolt. The Leaf e+ that debuted at CES in Las Vegas boasts a more energy-dense battery that extends range by about 40 percent, to363 kilometres. That compares with the 220- to 310-mile range ...

  Read More »
• 12 January

  Fed can be patient before adjusting rates: Powell

  

  Bloomberg Federal Reserve Chairman Jerome Powell said the US central bank can be patient before adjusting interest rates again as it waits to see how global risks impact the domestic economy. “We’re in a place where we can be patient and flexible and wait and see what does evolve, and I think for the meantime we’re waiting and watching,” Powell ...

  Read More »
• 12 January

  India’s SBI selects banks for $1.4bn share sale

  

  Bloomberg State Bank of India, the country’s largest lender, has selected underwriters for an institutional share sale that could raise at least 100 billion rupees ($1.4 billion), people with knowledge of the matter said. The government-run lender picked Bank of America Corp, CLSA Ltd and HSBC Holdings Plc to arrange the offering, according to the people, who asked not to ...

  Read More »
• 12 January

  PBOC set to cut reserve ratio further

  

  Bloomberg The People’s Bank of China (PBOC) is expected to continue to cut the amount of cash that banks must hold as reserves further in 2019 while keeping interbank borrowing costs largely steady even amid tightening US Federal Reserve policy, according to a survey. As part of efforts to shore up the slowing economy, the central bank will cut the ...

  Read More »
• 12 January

  Cryptocurrencies drop as Bitcoin gives up $4k level

  Bloomberg Cryptocurrencies dropped as Bitcoin gave up the $4,000 level it’s hovered around since the start of the year. The largest digital currency slumped as much as 6.2 percent in the European morning, erasing an earlier small gain to trade at $3,785.17 at 9:28 am in London. The Bloomberg Galaxy Crypto Index, a gauge of the largest cryptocurrencies, fell 7.7 ...

  Read More »