October, 2018

• 20 October

  China’s machine makers look for a scapegoat

  

  For all the talk of China’s industrial ambitions and trappings of dominance, the truth is its companies can’t keep up with the competition. China’s Ministry of Commerce opened an anti-dumping investigation into Japanese and Taiwanese exporters of vertical-machine centers – core-equipment manufacturing facilities for autos and other high-tech processes – after complaints by a group of Chinese companies. The probe ...

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• 20 October

  Greece is actually trapped in its banking crisis

  

  If you thought Greece’s ordeal was over, think again. Months after exiting its international rescue program, the country faces renewed trouble in its banking system. There is no easy fix: money is short and investor patience thin. But it looks increasingly like the gradual approach pursued by Athens and the euro zone authorities is running out of steam. Lenders still ...

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• 20 October

  Now, save your data in personal space

  

  Bloomberg Servers make the modern internet possible. Millions of these workhorse computers hum away in remote data centers of Alphabet Inc’s Google, Amazon.com Inc and Microsoft Corp running websites, sending information to smartphone apps and crunching data for cloud-based software programs. Privacy Labs Inc, a startup based near Microsoft headquarters just outside Seattle, wants to upend all this in the ...

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• 20 October

  Lam research kicks off chip equipment earnings

  

  Bloomberg Lam Research Corp. will be the first semiconductor equipment maker to report earnings and Wall Street is cautious. Lower spending from makers of memory chips due to elevated inventories has reduced estimates for equipment sales next year and a recovery isn’t likely until the second half of 2019, according to Evercore ISI analyst C.J. Muse. Makers of machinery used ...

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• 20 October

  Comparing Huawei Mate 20 Pro to Apple, Samsung flagships

  

  Bloomberg Huawei Technologies Co. overtook Apple Inc. in August to become the second-biggest seller of smartphones globally, with just Samsung Electronics Co. left to beat. And it revealed the Mate 20 Pro—a flagship device to rival the iPhone Xs Max and Galaxy Note 9.All three devices share similarly large screens, powerful processors and sleek designs; and each represents a different ...

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• 20 October

  Brexit deadlock may make ECB reticence on risks hard to sustain

  

  Bloomberg The European Central Bank’s prospects for gradually weaning the economy off monetary support could yet be tested by a big unknown its officials don’t mention much: a disorderly Brexit. Policy makers have given limited prominence to that risk despite divorce talks between the UK and European Union repeatedly stalling before the country’s departure in less than six months. In ...

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• 20 October

  Carney says Brexit stress tests for banks ‘severe but plausible’

  

  Bloomberg UK banks are prepared to withstand more than just Brexit, according to Bank of England Governor Mark Carney. Stress tests conducted by the central bank show Britain’s financial system would still have more than adequate capital to maintain lending in the face of multiple headwinds, Carney said in a speech in New York. The bank has been “preparing for ...

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• 20 October

  Goldman, Novogratz invest $15mn in crypto startup BitGo

  

  Bloomberg Goldman Sachs Group Inc. and a venture founded by one of its former partners, billionaire Mike Novogratz, are investing in cryptocurrency custodian BitGo Holdings Inc., as the bank’s deep-pocketed clients keep asking about secure ways to hold those assets. Combined, Goldman Sachs and Novogratz’s Galaxy Digital Ventures contributed about $15 million to BitGo’s Series B fundraising, which brought in ...

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• 20 October

  World’s steepest curve set to fade away

  

  Bloomberg The most stubborn dove in eastern Europe may finally be ready to follow the procession of central bankers lifting interest rates across emerging markets, according to Amundi Asset Management’s Hungarian unit. Rate setters in Budapest may track the European Central Bank’s expected move in the second half of next year, but a drop in global risk appetite or an ...

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• 20 October

  Bank of Korea holds fire on interest rates

  Bloomberg The Bank of Korea left its key interest rate unchanged as an escalating US-China trade war and meager job growth threaten to sap momentum in Asia’s fourth-largest economy. Eleven of 18 analysts surveyed by Bloomberg forecast the central bank to keep the seven-day repurchase rate at 1.5 percent. The rest predicted a hike to 1.75 percent. When Governor Lee ...

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