October, 2017

• 22 October

  GE’s new CEO vows change after ‘unacceptable’ results

  

  Bloomberg General Electric Co.’s new boss promised “sweeping change” as he delivered a brutal assessment of the 125-year-old manufacturer. Results for the latest quarter are “completely unacceptable,” Chief Executive Officer John Flannery told investors as he slashed the profit forecast and pledged to unload $20 billion of GE businesses. “We need to make some major changes with urgency and a ...

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• 22 October

  Aegon scouting for acquisitions including rival ASR

  Bloomberg Aegon NV, the Dutch insurer that generates most of its business from the US, is scouting for acquisitions and has looked at companies including smaller rival ASR Nederland NV amid consolidation in the domestic market, according to people familiar with the matter. As part of its search for potential targets, The Hague-based Aegon recently made an informal approach to ...

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• 22 October

  Florida man gets 16 months over bitcoin bank hacking plan

  

  Bloomberg A Florida software engineer was sentenced to 16 months in prison for helping run an illegal Bitcoin exchange suspected of laundering money for a group of hackers who targeted financial and publishing firms including JPMorgan Chase & Co. and Dow Jones & Co. Yuri Lebedev, 39, helped operate Coin.mx, which tricked banks into processing bitcoin transactions by disguising them ...

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• 22 October

  MiFID II laws to force traders for passport number

  Bloomberg A potentially explosive battle is brewing over a seldom-discussed aspect of the looming MiFID II laws, which will force traders of any European asset class to hand over personal identification such as passport numbers to every venue they trade on. The massive data-collection exercise will drag in tens of thousands of investors and traders, who some trading venues say ...

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• 22 October

  An $86 billion UK pension problem may solve itself

  

  Bloomberg For UK Plc, the sting of Brexit comes with an unexpected bonus. With no effort on their part, the biggest British businesses may see pension deficits that have burdened them for years be practically wiped out if long-term bond yields rise 50 basis in the next year and they budget for slowing gains in life expectancy, according to estimates ...

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• 22 October

  Japan election: Abe’s coalition retains two-thirds majority

  

  Bloomberg Prime Minister Shinzo Abe’s ruling coalition retained its two-thirds parliamentary majority in Sunday’s general election, unofficial results showed, bolstering his chances at becoming Japan’s longest-serving leader. Abe’s Liberal Democratic Party and coalition partner Komeito won at least 310 of the 465 up for grabs, according to results shown on public broadcaster NHK. Opposition parties split the rest, with the ...

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• 22 October

  Trump: Raqqa victory a ‘critical breakthrough’

  

  WASHINGTON / Reuters US President Donald Trump hailed the defeat of IS figh-ters in their self-proclaimed capital of Raqqa as “a crit- ical breakthrough” in a worldwide campaign against the militants. The Kurdish-dominated Syrian Democratic Forces (SDF) had formally announced Raqqa’s liberation from IS after four months of battles and said the city would be part of a decentralized federal ...

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• 22 October

  Iraq, Russia to discuss Kurdistan oil projects

  MOSCOW / Reuters Russian Foreign Minister Sergei Lavrov and his Iraqi counterpart Ibrahim al-Jaafari will meet in Moscow on October 23 to discuss the situation in the semi-autonomous Kurdistan region, Russia’s foreign ministry said in a statement. Moscow is for constructive dialogue between Baghdad and Kurdistan, the ministry added. During al-Jaafari’s visit to Moscow on Oct. 23-25, the minister will ...

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• 22 October

  Spain to oust Catalan leaders as separatists pledge to fight

  

  Bloomberg Prime Minister Mariano Rajoy invoked the most far-reaching powers in the Spanish Constitution as he aimed to strike a decisive blow against the Catalan separatist campaign that’s divided the nation and put its economic expansion at risk. Spain will dismiss Catalan President Carles Puigdemont and his government, and take control of the regional police force and public television and ...

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• 22 October

  Italy’s Lombardy, Veneto regions hold autonomy votes

  

  Bloomberg Voters in two regions of Italy’s wealthy north vote in referendums on Sunday to demand more autonomy from the state, in a ballot which could strengthen the anti-migrant Northern League ahead of national elections early next year. Backers of the non-binding referendums in Lombardy and Veneto, whose regional capitals are Milan and Venice, insist they have little in common ...

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