October, 2017

• 8 October

  Sudan-linked shares jump on sanctions end, DSI boosts Dubai

  

  Reuters Shares of Sudanese companies listed in the United Arab Emirates soared on Sunday after the United States said it was lifting sanctions on Sudan, while construction firm Drake & Scull led Dubai higher. In Abu Dhabi, Sudatel Telecom rose by its 15 percent daily limit to 0.69 dirham, its highest level since April, in heavy trade. A Dubai-listed Sudanese ...

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• 8 October

  Pound could go from bad to worse as May drama dominates mood

  

  Bloomberg There may be no respite for the pound after its worst weekly performance in a year. Sterling fell almost 3 percent last week, after a chaotic Conservative party conference cast the premiership of Theresa May in doubt. With political intrigue set to continue, the Brexit talks restarting and manufacturing data due, strategists anticipate another volatile week and investors in ...

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• 8 October

  Goldman, Carnegie outpace rival banks amid Nordic IPO boom

  

  Bloomberg A record number of initial public offerings in the Nordic region is benefiting some banks more than others. Among non-Nordic banks, no one’s doing better than Goldman Sachs Group Inc., according to data compiled by Bloomberg on firms advising on the region’s IPOs. Morgan Stanley tops the rankings, when all equity sales are taken into account. But when it ...

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• 8 October

  £10 note sells for £7,200 at BOE auction

  

  Bloomberg A Bank of England (BOE) note with a face value of 10 pounds ($13) has sold for more than 700-times that amount at auction as Britain’s obsession with collectible new note issues shows no sign of abating. The tenner, as the bills are known in the UK, has the serial number AA01 000010 and sold for 7,200 pounds — ...

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• 8 October

  RBS head says banks need Brexit transition details by early 2018

  

  Bloomberg Royal Bank of Scotland Group Plc (RBS) Chairman Howard Davies said details of a post-Brexit transitional deal with the European Union need to be outlined in the next five months to stop more financial-services jobs from leaving London. “If there are no details by the first quarter of next year, the number of moves of people out of London ...

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• 8 October

  Inflation returns as dollar dearth hits Zimbabwe

  

  Bloomberg Zimbabwe’s money shortage has seen card and mobile-money payments eclipse cash sales at the nation’s retailers, throttling suppliers’ stock of hard currency needed to put goods on shelves and forcing up food prices. Cash transactions have shrunk to about 2 percent of daily takings across the 33-store Spar Zimbabwe chain, from 60 percent a year ago, Managing Director Terence ...

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• 8 October

  Wells Fargo passes baton of scorn to Equifax in dueling hearings

  

  Bloomberg Wells Fargo & Co. is wrapping up one of its worst years ever by passing a baton to Washington’s new favourite financial-industry villain: Equifax Inc. Executives from both companies will travel to Capitol Hill this week to testify in overlapping hearings about efforts to aid customers stung by lapses at their firms. Lawmakers on both sides of the aisle ...

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• 8 October

  Boeing bets on robot pilots with Aurora takeover

  

  Bloomberg Boeing Co. is buying drone pioneer Aurora Flight Sciences Corp., gaining a portfolio of futuristic technology such as unmanned air taxis that may someday navigate city skies for Uber Technologies Inc. With the acquisition, Boeing is betting that smarter airplanes will dominate flying, with computer algorithms and artificial intelligence playing an increasingly important role in the cockpit. Aurora is ...

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• 8 October

  Graze mirrors Amazon in retail store push

  Bloomberg The company once known as the Netflix of snacks looks a bit more like Blockbuster video these days—but not in a bad way. Graze, which started selling snack boxes via online subscriptions in the UK a few years back, is for the first time generating a majority of its sales through physical stores—a reminder that food is still almost ...

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• 8 October

  Ryanair CEO appeals to stem pilot revolt

  

  Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary made a personal pledge to improve pay and career prospects for the budget carrier’s 4,200 pilots amid concerns about a rebellion in the aftermath of its cancellation fiasco. O’Leary, often dismissive of pilot demands, is seeking to soothe disgruntled cockpit crew with wage increases of as much as $11,700 and loyalty ...

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