October, 2017

• 23 October

  China’s real estate cooling measures, latest headache for R&F Properties

  

  Poor Guangzhou R&F Properties Co. China’s third-most-indebted developer, already burdened by its acquisition of Dalian Wanda Group Co.’s hotel portfolio, has once again had to push back its A-share listing, just as more evidence emerges the government’s real-estate-cooling measures are starting to bite. R&F said on Sunday its planned float of shares in China, mooted as far back as May ...

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• 23 October

  Abe’s win might not make everyone rich

  

  High stock prices. It’s a chief reason voters gave for coming out again in favor of Shinzo Abe, who cinched another term as Japan’s prime minister on Sunday. Watching Japan’s stock market tick up to its highest level in two decades is a bit like watching the ‘likes’ accumulate from your so-called friends on a popular Facebook post. Affirmation tends ...

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• 23 October

  Facebook must be ready for next election

  By nearly any measure, Facebook Inc. is an extraordinary success. Its market capitalization exceeds $500 billion. Its user base outnumbers all but one continent. Mark Zuckerberg, its chief executive officer, is one of the world’s wealthiest people. No one should begrudge Facebook (or Zuckerberg) this success. Yet as it begins to play a more central role in American media and ...

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• 23 October

  Delhi is choking on bad policy, not firecrackers

  

  For most Indians, the festival of Diwali is well worth the wait. Houses are brightly lit, boxes of sweets are exchanged—and accounts for the year are closed. The Hindu festival of lights also heralds the beginning of winter, the few months when the baked northern plains of the subcontinent become marginally more liveable. Except in India’s giant capital. Here in ...

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• 23 October

  Trump is about to own the next credit cycle

  President Donald Trump is about to select a new Federal Reserve chair. Whether it’s Jerome Powell, Kevin Warsh, or even current head Janet Yellen, the choice will mark a shift in Trump’s tenure leading the world’s biggest economy. That’s because the president, who railed against Yellen during his 2016 campaign, will now be assuming ownership of this credit cycle and ...

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• 23 October

  Brexit talks flounder and somebody needs to care

  

  Since talks on the UK’s exit from the European Union kicked off in June, there have been five negotiating rounds backed by speeches, press conferences and shuttle diplomacy. And yet the UK and Europe are no closer to agreeing about what their future relationship should be, or even settling the divorce bill. Now the question is whether there will be ...

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• 23 October

  Euro drops with Spain on edge; bonds and oil climb

  

  Bloomberg The euro weakened as investors watched and waited for the next big development in Spain, where Catalan separatists are planning their response after Prime Minister Mariano Rajoy moved to stamp his authority on the region. Candidates for the Fed chief and the odds of US tax reform remain in focus as the dollar rose a second day. The common ...

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• 23 October

  NCB, Mobily hit Saudi, Emaar weighs on Dubai

  

  Reuters National Commercial Bank and telecom stocks dragged down Saudi Arabia’s main index while Emaar Properties weighed on Dubai’s stock market for the second day in a row. The Saudi index fell 1.3 percent to 6,886 points on the back of the banking and insurance sectors, as NCB reported an 8.4 percent rise in third-quarter net profit, or around 5 ...

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• 23 October

  Draghi seen going for ECB bond buying limit in QE’s last hurrah

  

  Bloomberg The European Central Bank (ECB) will halve monthly bond purchases to €30 billion ($35 billion) next year, stretching out the programme’s remaining capacity as it waits for inflation to pick up, a Bloomberg survey of economists shows. Policy makers will keep buying for about nine months to take the programme to just over €2.5 trillion, respondents said before the ...

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• 23 October

  HSBC appoints Jayant Rikhye as India CEO

  

  Bloomberg HSBC Holdings Plc named Jayant Rikhye as chief executive officer of its India unit, to replace Stuart Milne. Rikhye, currently the bank’s head of International for the Asia-Pacific region, will start his new role on December 1, according to an emailed statement from the London-based lender. Milne, who has been India CEO for five years, will take a three-month ...

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