September, 2018

• 29 September

  Kansai airport to shut runways as typhoon nears

  

  Bloomberg Kansai International Airport is planning to shut down its runways on Sunday as a powerful typhoon is expected to pass through the western Japan region. The airport’s operator said it will close two runways from 11 am local time on Sunday to 6 am on Monday, halting all takeoffs and landings. Train services also are expected to be impacted. ...

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• 29 September

  Jet Airways leads Indian airline losses as Modi slaps duty on fuel

  

  Bloomberg India’s struggling airlines are finding out there’s no end to their woes. Jet fuel, for which they already pay the world’s highest prices, just got dearer as Prime Minister Narendra Modi slapped a duty on imports as part of measures to arrest a slide in the rupee. Shares of Jet Airways India Ltd., SpiceJet Ltd. and InterGlobe Aviation Ltd. ...

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• 29 September

  Aldi gains in US grocery war

  

  Bloomberg Attention grocers: Aldi is coming for your customers. The German discount chain that’s blanketing the US with its no-frills stores was the choice of almost one in five shoppers who recently switched grocers, according to Morgan Stanley research. That’s more than Costco, Target, Kroger or Amazon-owned Whole Foods, highlighting Aldi’s growing appeal. Aldi’s US encroachment mirrors what it’s already ...

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• 29 September

  Home Depot expands same-day delivery to win shoppers

  

  Bloomberg As part of an ongoing $1.2 billion supply-chain upgrade, Home Depot Inc. has started same-day delivery across the US to help it stay relevant with consumers’ need-it-yesterday mentality. The home-improvement chain had already been using trucks to deliver large items such as building materials from stores in a day or so. Now, aided by startups Roadie Inc. and Deliv ...

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• 29 September

  A Japan-US pact looks like the opposite of free trade

  

  Remember last month, when an agreement between the US and Mexico left the world thinking we were on the brink of a radical rewriting of the North American Free Trade Agreement?. Things haven’t quite gone to plan. With a touted September 30 deadline for an accord just days away, President Donald Trump went on a tirade about his dislike of ...

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• 29 September

  Macron’s revolution is a long time coming

  

  If you thought Emmanuel Macron would use his 2019 budget to rethink his increasingly unpopular presidency, think again. The French leader is doubling down on the pro-business agenda that he’s been pushing through since taking power last year. There’s nothing wrong with this. Macron’s pitch to voters was that he would speed up growth by cutting the role of the ...

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• 29 September

  Why UK stocks are exiled to the Brexit doghouse

  

  As the UK stumbles towards leaving the European Union, domestic investors are becoming increasingly gloomy about the outlook for the nation’s stocks. With a no-deal Brexit looking increasingly likely, their growing pessimism is justified. Investment manager Hargreaves Lansdown Plc just published its latest survey of UK retail investors. Sentiment toward domestic stocks is even worse than it was during the ...

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• 29 September

  Italy’s budget puts the European project at risk

  Italy’s new populist leaders appear to be sticking to the program that brought them to power: In their budget plans, they’re charting a course that could ultimately put the entire European project at risk. One can only hope that they will see reason. Since forming a government last spring, the coalition of the anti-establishment Five Star Movement and right-wing League ...

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• 29 September

  Big Brother is creating a two-tier society in China

  

  Even for Chinese authorities, who have long tried to limit the influence of foreign media and ideas, last week marked an escalation. In the span of a few days, authorities blocked access to Twitch, the video-game live-streaming platform owned by Amazon.com Inc.; ordered a purge of foreign content from school textbooks; and proposed restricting foreign programming — especially current-events shows ...

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• 29 September

  A prime time for Hong Kong banks to lift deposit rates

  

  A boon for Hong Kong’s banks could turn into an opportunity for the city’s hard-pressed savers. HSBC Holdings Plc, the biggest of Hong Kong’s banks, and its subsidiary Hang Seng Bank Ltd., raised their prime rate – the best lending rate on which most loans, including mortgages are based – by 12 basis points. Standard Chartered Plc quickly followed suit, ...

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