October, 2018

• 6 October

  Brazil’s Jair Bolsonaro gains support in election-eve poll

  Bloomberg Former Army Captain Jair Bolsonaro widened his lead in a poll published a day before voters cast their ballots in the first round of Brazil’s presidential election. Bolsonaro would garner 36.7 percent of first-round votes, followed by Workers’ Party candidate Fernando Haddad with 24 percent, according to the MDA/CNT poll. Bolsonaro had 28.2 percent in a previous MDA/CNT poll ...

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• 6 October

  China’s funding for coal draws scrutiny as climate concern grows

  

  Bloomberg China’s leading role in financing a wave of new coal plants across Asia is drawing fresh scrutiny as the world’s top climate scientists weigh calling for much deeper cuts in emissions. China, India, Japan and the Philippines rank among the biggest investors in the 1,380 coal plants under construction or development worldwide, according to a study by the German ...

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• 6 October

  China puts brakes on US crude oil imports

  

  Bloomberg Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances. The world’s second largest economy halted purchases of US crude in August for the first time since September 2016, according to US Census Bureau data. In July, Chinese buyers received nearly 12 million barrels of crude from the US. Beijing, once an enthusiastic buyer ...

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• 6 October

  Electrify America plans $200mn for clean cars

  

  Bloomberg Electrify America, created by Volkswagen AG as part of a settlement from the automaker’s emissions-cheating scandal, filed plans with California regulators to invest a second $200 million in electric car charging infrastructure. The investments will include deploying fast-charging stations in cities including Santa Cruz, Los Angeles and San Francisco, according to a statement Wednesday. Part of the money will ...

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• 6 October

  EU set to offer ‘super-charged’ free-trade deal to Britain

  

  Bloomberg The European Union is set to offer the UK a free-trade deal deeper than any agreement that’s gone before, but will reject Prime Minister Theresa May’s demand for “frictionless trade,” according to EU diplomats. The EU’s vision for future ties with Britain will contain “about 30-40 percent” of May’s pitch for a wide-ranging trade and security deal, according to ...

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• 6 October

  Ford to cut salaried jobs in $11 billion restructuring plan

  

  Bloomberg Ford Motor Co. has told its 70,000 salaried employees that they will face unspecified job cuts as part of the automaker’s $11 billion restructuring, a bid to reverse its fading fortunes and cope with competitive pressures more nimbly. Morgan Stanley has speculated that Ford may pare more than 20,000 jobs from its global workforce of 202,000, but the automaker ...

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• 6 October

  Facebook faces EU privacy probe under beefed up data law

  

  Bloomberg Facebook Inc. has become the first big test case for the European Union’s beefed up privacy rules as Ireland’s data watchdog opened a probe into a security breach announced last week that affected as many as 50 million accounts. Ireland’s data protection authority said it has started investigating whether Facebook had “appropriate technical and organizational measures” in place to ...

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• 6 October

  HP gives upbeat profit forecast for next year

  

  Bloomberg HP Inc gave an upbeat profit forecast for fiscal 2019, signaling that the world’s largest maker of personal computers will continue to see robust demand for its growing product lineup. Profit, excluding certain items, will be $2.12 a share to $2.22 a share in the year that ends next October, the Palo Alto, California-based company said in a statement. ...

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• 6 October

  Investors home in on US data as yields zoom

  

  Bloomberg Economic data have returned to the forefront for investors in US Treasuries, and may be turning the market around. Ten-year Treasury yields staged their strongest single-day upswing since November 2016, driving the rate to the highest since 2011. The surge followed a record-high reading on activity in the US services sector and stronger-than-anticipated gains in a private employment survey. ...

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• 6 October

  Trade war is making the grain glut worse

  

  Across the US Midwest, farmers are taking in their annual harvests of corn, soybeans and sorghum. This year, they have a special problem: Where to put it all? Grain storage levels already have been extraordinarily tight. For the past two years, about 73 percent of capacity was used up in the December peak season, when the three crops are newly ...

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