December, 2018

• 31 December

  Yen, strongest major currency of 2018

  

  Bloomberg The yen is set to end the year as the biggest winner against the dollar among major currencies as investors sought out safety amid 2018’s uncertainties. The haven asset outperformed as the pound and euro faced headwinds from Brexit and Italy’s budget crisis, while the US-China trade war and plunging oil prices pressured commodity-related peers such as the Canadian ...

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• 31 December

  Emirates hints peak period after New Year 

  

  DUBAI / Emirates Business Travel to and from Dubai is expected to reach another peak towards the end of this week, as Emirates anticipates yet another busy period of outbound travel after New Year’s celebrations and inbound travel for the Dubai Shopping Festival. More than 180,000 travellers will be making their way to Emirates’ dedicated Terminal 3 facilities from January ...

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• 31 December

  Nestle plans vegan push with a meat-free burger

  

  Bloomberg Hold the ground chuck: Nestle SA sees the future in a meat-free burger made from soy and wheat protein. Soon you may be able to wash it down with purple walnut milk or a spirulina latte. The Swiss company is gearing up for its biggest push yet into the booming vegan market: the Incredible Burger, to be introduced under ...

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• 31 December

  Dick’s Sporting Goods ends US Olympics sponsorship

  

  Bloomberg Dick’s Sporting Goods is choosing to end its partnership with the United States Olympic Committee when their contract expires this month, a decision that comes as Team USA continues to deal with fallout from the a scandal surrounding former gymnastics doctor Larry Nassar. The company cited “a new investment focus” in a statement and didn’t mention Nassar. The decision ...

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• 31 December

  Low coffee bean prices to drive grower cutbacks

  

  Bloomberg It’s been a big year for the companies that sell coffee, but not so much for the growers that supply them. That could start to change in 2019. Historically low prices for coffee beans in 2018 will likely reduce the incentive for farmers to expand supplies, said Rodrigo Costa, the US-based coffee director for Brazilian trading company Comexim. That ...

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• 31 December

  Canada Goose climbs after store opens in Beijing

  Bloomberg Canada Goose Holdings Inc rose 6 percent in early trading before US markets opened after the company opened its flagship store in Beijing over the weekend. The store had been delayed since December 15 amid escalating tensions between Canada and China following the arrest of Huawei Technologies Co.’s chief financial officer in Vancouver. The luxury jacket maker is expanding ...

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• 31 December

  Ex-Nissan chairman Ghosn’s detention extended again

  

  Bloomberg Japanese prosecutors extended Carlos Ghosn’s stay in jail for 10 more days, another setback for the fallen auto executive who has sought bail to start mounting his defense in the case that has shocked the global car industry. A Tokyo court approved the extension of detention until January 11, The Foreign Press in Japan said in a statement on ...

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• 31 December

  Beijing approves 80 new game titles

  

  Bloomberg China has approved 80 new video game titles in the first batch of licenses granted by the media regulator after the end of a nine-month freeze. The initial games were mostly local, mobile titles and didn’t include any from industry giants Tencent Holdings Ltd. or Netease Inc. The notice of approvals was posted online by the State Administration of ...

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• 31 December

  ‘China investment in Germany plunges’

  

  Bloomberg Chinese companies spent far less on German firms in the second half of this year as Chancellor Angela Merkel’s government moved to tighten its grip on foreign investment, according to data compiled by business services provider Ernst & Young. Chinese investment in German takeovers or in stakes in German companies plunged to $311 million during the period from almost ...

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• 31 December

  Musk to visit China for factory groundbreaking

  

  Bloomberg Tesla Inc. is getting ready to break ground on its factory and Chief Executive Officer Elon Musk can’t wait to visit. “Looking forward to visiting soon for the groundbreaking of Gigafactory Shanghai,” Musk wrote in a tweet. He didn’t provide a date for the visit. The China plant would be a significant milestone for the battery-car manufacturer as it ...

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