October, 2016

• 20 October

  China’s biggest coal miner digs on as national output slips

  

    Bloomberg China’s biggest coal miner has sprung into action as the government calls on major producers to ease supply tightness before winter. China Shenhua Energy Co. output jumped more than 14 percent in September from the same month last year, while national production was down more than 12 percent, company and government data on Wednesday showed. And as national ...

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• 20 October

  Reliance Industries profit up as Petchem earnings expand

  

    Bloomberg Reliance Industries Ltd.’s second-quarter profit rose 18 percent from a year earlier, buoyed by higher earnings from its petrochemicals business. Net income for the operator of the world’s biggest oil-refining complex rose to 77.04 billion rupees ($1.2 billion) in the three months ended Sept. 30, the Mumbai-based company said Thursday in a stock exchange filing. That compares with ...

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• 20 October

  Alibaba CEO eyes $4trn offline market by being middleman

  

    Bloomberg After taking control of China’s online shopping market, Alibaba Group Holding Ltd. wants to bring the business of instant feedback to a brick-and-mortar sector that’s 10 times bigger. The nation’s biggest e-commerce company is building a network that would allow physical stores — and the brands they sell — to monitor transactions as they happen, Chief Executive Officer ...

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• 20 October

  Aussie workforce sees dip in full-time jobs

    Bloomberg Australia’s job market is going casual. The nation saw its biggest monthly drop in full-time jobs in five years in September, a report showed Thursday, sending down the local dollar. The 162,800 part-time positions added in the year so far is the biggest gain on record, according to data going back to 1978. The 112,100 full-time jobs cut ...

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• 20 October

  Intel wins in battle over $1.17bn EU fine

  

    Bloomberg Intel Corp.’s fight to overturn a record 1.06 billion-euro ($1.17 billion) European Union antitrust fine received a boost from an adviser to the bloc’s top court in a case that could have ramifications for a growing list of disputes involving U.S. tech giants from Google to Apple Inc. Intel’s appeal should be totally re-examined by a lower court, ...

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• 20 October

  EU’s Tusk warns Canada trade deal ‘could be our last’

  

    Brussels / AFP European Union president Donald Tusk warned the bloc would be incapable of negotiating new trade deals if Belgium failed to approve the accord with Canada by Friday. The deal, known as CETA, “could be our last free trade agreement, if we are not able to convince people that we negotiate to protect their interests,” Tusk said ...

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• 20 October

  Verizon adds fewest subscribers in 6 years

  

    Bloomberg Verizon Communications Inc. suffered its worst quarter of subscriber growth in more than six years amid intensified price competition from smaller rivals, adding pressure on the company’s media and advertising ventures to take up the slack for a rapidly maturing wireless business. The nation’s largest wireless carrier signed up 442,000 total subscribers in the third quarter, falling far ...

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• 20 October

  EU sugar producers eye exports when quotas end next year

  

    Paris / AFP European sugar producers will target export markets in addition to looking for new domestic customers when the EU lifts quotas next year and fully embraces free-market farm policies, officials and analysts say. However, some analysts believe exports will face tough competition in attractive Middle East and North African markets while some producers, especially in Italy, fear ...

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• 20 October

  Monsanto talked to 3 firms before Bayer deal

    Bloomberg Monsanto Co. talked to three other companies about potential transactions in the months leading up to its agreement to be acquired by Bayer AG for $65.7 billion, the largest ever agricultural takeover. Details of the talks were revealed in the seed company’s proxy statement filed Wednesday. While talks with Germany’s BASF SE about a possible combination of their ...

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• 20 October

  Tesla accelerates towards the self-driving future

  

    Bloomberg After pushing the auto industry along toward an electric future, Elon Musk wants to put cars on an accelerated path to driving autonomously, equipping each new Tesla Motors Inc. model with the hardware needed for full self-driving capability. Every Tesla, including the upcoming Model 3 sedan, will ship with eight cameras and a dozen sensors to give them ...

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