November, 2018

• 25 November

  S’pore malls try big gambit before online shopping catches on

  

  Bloomberg Online shopping in Singapore is lackluster even after Amazon Inc. debuted its Prime service in mid-2017. The island’s malls are trying hard to keep it that way. With some of the nation’s biggest mall operators reporting falling rents and rising vacancies, landlords, just like those elsewhere in Asia and the US, are being forced to reposition. They’re making room ...

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• 25 November

  UK’s other Brexit fight may bar it from $1.7trn WTO deal

  

  Bloomberg UK businesses stand to lose access to a $1.7 trillion public procurement market if signatories to a World Trade Organization (WTO) accord this week block Britain’s application for membership, which will lapse after it leaves the European Union in March. On November 27, the UK will seek admission to the 46-nation Government Procurement Agreement (GPA) in Geneva. Failure to ...

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• 25 November

  US launches probe into brake flaw in 2.7mn GM autos

  

  Bloomberg The US highway safety investigators are probing an alleged defect in 2.7 million pickups and sport utility vehicles built by General Motors Co that are getting into collisions because drivers are having trouble braking. The National Highway Traffic Safety Administration (NHTSA) opened an investigation of trucks and SUVs including GM’s best-selling Chevrolet Silverado after receiving 111 complaints from consumers. ...

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• 25 November

  Fiera Capital’s realty arm plans global push

  

  Bloomberg Fiera Capital Corp’s property unit wants to go global. Quebec’s biggest publicly traded asset manager is looking to make its first real-estate foray outside of Canada by the start of the next decade to diversify its holdings, according to Pierre Pelletier, a senior vice president at the company. All of the Fiera Properties’ assets under management, which are valued ...

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• 25 November

  Brazil’s inflation slows more than estimates

  Bloomberg Brazil’s inflation slowed more than expected in the month through mid-November, reinforcing expectations that the policy makers will leave their key interest rate unchanged this year. The IPCA-15 index rose 0.19 percent from mid-October, after a 0.58 percent jump in the prior month, the national statistics institute reported. The reading was below the median forecast for a 0.24 percent ...

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• 25 November

  US existing-home sales rise for first time in 7 months

  

  Bloomberg Sales of previously owned US homes rose in October for the first time in seven months, suggesting demand is stabilising at a lower level as available properties become less scarce. Contract closings increased from the prior month to an annual rate of 5.22 million, the National Association of Realtors said. That compared with economists’ projections for sales of 5.2 ...

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• 25 November

  Mexico miners extend drop on policy angst

  

  Bloomberg Mining companies operating in Mexico extended a sell-off, with Southern Copper Corp falling the most since 2011, even as a Mexican lawmaker attempted to calm market worries over the prospect of tougher regulation under incoming President Andres Manuel Lopez Obrador. Large Mexico-based mining companies have slipped almost 8 percent on average over the past two days, according to analysts ...

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• 25 November

  China mulls tax cut for parts to aid home-built aircraft

  

  Bloomberg China is discussing a plan to cut tariffs on plane parts imported for domestically developed commercial aircraft, a person familiar with the matter said, a move that may also benefit suppliers such as General Electric Co. and Honeywell International Inc. The Finance Ministry proposal, being reviewed by the State Council, could win approvals in a few weeks, the person ...

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• 25 November

  J Crew, Lululemon find e-comm surge stresses websites

  

  Bloomberg Black Friday is now possible from the comforts of your living room — but only if retailers’ websites are functioning properly. Some frustrated shoppers are finding that’s not the case. In a year when digital sales are soaring, several big-name chains have reported issues with their online shopping systems. J Crew reported on Twitter that it was experiencing “some ...

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• 25 November

  Almada PE fund sees value in used Boeing 737 planes

  

  Bloomberg Canada’s newest player in the aircraft leasing business is ready to flex its muscles. Almada Inc., a Toronto-based private equity firm, is looking to buy as many as 10 additional aircraft for its new leasing fund after acquiring its first five planes. Having raised $80 million ($61 million) from wealthy individuals earlier this month, it has commitments for another ...

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