November, 2016

• 12 November

  China’s top SUV maker begins upscale climb with luxury brand

  

    Bloomberg Great Wall Motor Co. said it will introduce a new premium brand to target the high-end market, joining Zhejiang Geely Holding Group among Chinese automakers seeking to upgrade from offering cheap, utilitarian cars. The SUV maker led by billionaire Chairman Wei Jianjun plans to unveil its upscale WEY brand on Nov. 16, the same week as the opening ...

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• 12 November

  Shanghai Disney draws 4 million guests, sees break-even in 2017

  

    Bloomberg Walt Disney Co. said its new $5.5 billion Shanghai theme park attracted four million visitors in its first four months and will be close to breaking even in its first full year of operation in 2017. About 50 percent of the park’s guests are from outside the Shanghai area, a “big surprise” as the Chinese city had been ...

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• 12 November

  Malaysia GDP beats estimates, private sector held up

    Bloomberg Malaysia’s economic expansion beat estimates as private consumption growth quickened, helping counter weak government spending. Malaysia’s consumers and companies are now the growth pillars of the economy after a collapse in global crude prices hurt exports and curtailed the government’s ability to spend. Donald Trump’s victory in the U.S. presidential election poses a risk to Asian economies should ...

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• 12 November

  Net neutrality could be another casualty of the Trump era

  

    Bloomberg The Obama administration’s signature policy on technology was net neutrality. Rules passed by the Federal Communications Commission in 2015 prohibited internet service providers from treating web traffic differently depending on the service being used.To Obama’s FCC, the rules were a way to prevent broadband providers from inappropriately knee-capping companies like Netflix whose services competed with their own. Opponents ...

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• 12 November

  Facebook to stop ethnicity-based targeting

  

    Reuters Facebook Inc has said it would no longer allow certain advertisers to exclude racial or ethnic groups when placing ads on its service, following criticism that the practice was discriminatory. The move comes amid growing scrutiny of how the world’s largest online social media network’s policies and algorithms shape what content appears in a user’s news feed. The ...

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• 12 November

  Pimco ends three-year bleeding as Allianz sees turnaround

  

    Bloomberg Pacific Investment Management Co. has finally stopped the bleeding. Third-party clients added a net 4.7 billion euros ($5.1 billion) in new money to Newport Beach, California-based Pimco last quarter, according to a statement by its parent Allianz SE. The inflows cap three years of net redemptions that have cut assets at the money manager by about a quarter, ...

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• 12 November

  EU sees Trump freezing talks on Trans-Atlantic trade pact

    Bloomberg European Union Trade Commissioner Cecilia Malmstrom said EU-US negotiations on a free-trade agreement would probably be put on hold in definitely because of Donald Trump’s victory in the American presidential election. Trump lashed out at market-opening initiatives such as the planned Trans-Atlantic Trade and Investment Partnership, or TTIP, during his successful campaign to succeed US President Barack Obama. ...

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• 12 November

  BMW labour chief urges CEO to accelerate electric-car rollout

  

    Bloomberg BMW AG’s top labour representative offered a rare public rebuke of the company’s leadership, warning that the luxury-car maker risks falling behind rivals in the race to develop battery-powered cars. “Management has been slow to decide on investing in more electric models,” Manfred Schoch, who’s also deputy chairman of BMW’s supervisory board, said in an interview in Nuremberg, ...

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• 12 November

  Americans need a respite from furiousness

  

    The Republican Party resembles the man who told his psychiatrist, “I have an identity problem, and so do I.” The party’s leader is at best indifferent to, and often is hostile to, much of the party’s recent catechism: limited government, the rule of law, a restrained executive, fiscal probity, entitlement reforms, free trade, the general efficiency and equity of ...

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• 12 November

  What President Trump’s foreign policy will look like

  Donald Trump proclaimed “America First” on his way to his head-spinning victory in Tuesday’s presidential election, and the success of that message will rock many foreign capitals where leaders have feared that Trump would alter the basics of U.S. foreign policy. Making predictions about Trump’s foreign policy is difficult, given his lack of experience. But the most likely bet is ...

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