September, 2017

• 26 September

  Jaguar Land Rover hunts for luxury brand

  Bloomberg Jaguar Land Rover, the luxury unit of Tata Motors Ltd., is scouting for acquisitions of international automakers amid rising competition in the industry, people with knowledge of the matter said. The company has been holding internal discussions on buying other brands to diversify the range of vehicles it sells, the people said. It will consider purchases of luxury marques ...

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• 26 September

  Hong Kong, Malaysia ‘look better,’ says ADB

  Bloomberg Hong Kong and Malaysia are proving to be the biggest growth surprises in Asia. The two nations received the largest upgrades for this year among major economies in the Asian Development Bank’s latest outlook released on Tuesday. Meanwhile, India received the steepest downgrade. The global trade recovery is helping boost exports in Hong Kong and Malaysia while demonetisation and ...

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• 26 September

  Nestle plans $10bn revamp as activist Loeb takes aim

  

  Bloomberg Nestle SA may buy or sell businesses with combined sales of almost 10 billion francs ($10 billion) as Chief Executive Officer Mark Schneider embarks on the biggest overhaul of the world’s largest food company in at least a decade. Selective acquisitions and divestments could affect about 10 percent of total revenue, Schneider told investors as he unveiled his new ...

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• 26 September

  IHS: iPhone 8 build costs rise on faster chip, cameras

  

  Bloomberg Apple Inc.’s latest smartphones, the iPhone 8 and iPhone 8 Plus, have more expensive parts, but the company will still make significant profits because it raised prices for the devices, according to research firm IHS Markit. A base model iPhone 8 with a 4.7-inch screen and 64 gigabytes of storage includes material costs of $247.51, up from $237.94 for ...

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• 26 September

  After London bans Uber, New York weighs limits to help yellow cabs

  

  Bloomberg A week after London moved to revoke Uber Technologies Inc.’s operating license, the company and its electronic ride-hailing competitors are feeling the heat in New York as city officials consider moves to regulate and control the industry. The City Council was considering a six-month study of Uber’s impact on the traditional yellow cab business, where the value of medallions—licenses ...

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• 26 September

  Puerto Rico in ‘deep trouble’ as storm adds to debts: Trump

  

  Bloomberg President Donald Trump said Puerto Rico is in “deep trouble” as devastation brought by Hurricane Maria adds to the crippling debts that have already pushed the US territory into a record-setting bankruptcy. The storm, the worst to batter the island in nearly a century, caused widespread flooding, washed away roads and knocked out power to its 3.4 million residents ...

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• 26 September

  Hurricane Maria punishes US refineries without touching land

  

  Bloomberg Hurricanes sometimes don’t need to make landfall to cause problems for US refineries. At least two East Coast refineries are making less gasoline and diesel as rough Atlantic seas hamper the transfer of crude oil from ships to barges for delivery to the facilities, people familiar with operations say. Philadelphia Energy Solutions Inc., which operates the largest oil-refining complex ...

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• 26 September

  Driverless madness

  

  Driverless vehicles may not be all that they’re cracked up to be. Indeed, they may be harmful to our collective security and well-being. Unless you’ve been vacationing on Saturn, you know that driverless vehicles are the next Big Thing. Almost every major car company (General Motors, Ford, Toyota, Mercedes) has a program, often in cooperation with tech firms. A few ...

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• 26 September

  Is timing right for India’s digital push?

  

  India’s digital push has got its timing all wrong. Yes Bank Ltd., one of the nation’s fastest-growing lenders, has cut 12 percent of its workforce, mostly salespeople. When Reliance Industries Ltd., controlled by billionaire Mukesh Ambani, starts a new bank soon, it won’t have any branches. According to BloombergQuint, shop attendants that sell its phones will double as bankers. It ...

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• 26 September

  Investors reward Argentina for taming inflation

  Where in the world can you get more than 11 percent from bonds since June and 41 percent from bank stocks this year, with inflation evaporating as the gross domestic product and currency strengthen? That would be Argentina, a financial integrity scofflaw for most of the past century, now bringing a bonanza to global investors. Since he was elected president ...

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