October, 2016

• 9 October

  18 killed in Turkey truck bombing

  

    Ankara / AFP Eighteen people were killed on Sunday when a van packed with five tonnes of explosives blew up in Turkey’s restive southeast in an attack blamed on Kurdish militants, the prime minister said. The bombing, which killed 10 soldiers and eight civilians, was one of the single deadliest attacks on the Turkish security forces since the attempted ...

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• 9 October

  Activity at North Korea nuclear site fuels test fears

    Seoul / AFP Analysis published on Sunday of recent satellite images fuelled concerns that North Korea may be on the brink of another nuclear test or long-range rocket launch. Speculation that Pyongyang is preparing such a show of force has been linked to Monday’s anniversary of the founding of the North’s ruling Workers’ Party. Past nuclear tests and missile ...

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• 9 October

  China firm to buy iconic Australian cattle farm

  

    Sydney / AFP Australia’s richest woman and a Chinese property developer joined forces Sunday to bid for one of the world’s largest cattle estates, despite Canberra’s rejection of previous foreign offers. Australia’s biggest private landowner, cattle firm S. Kidman and Co, has attracted keen interest from Chinese firms wanting to secure the sprawling pastoral empire. But the government has ...

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• 9 October

  Alibaba affiliate Ant Financial appoints new CEO

  

    Bloomberg Alibaba Group Holding Ltd.’s financial affiliate appointed a new chief executive officer as it prepares for a highly anticipated 2017 initial public offering. Zhejiang Ant Small & Micro Financial Services Group Co. named finance veteran and President Eric Jing to take the helm from Lucy Peng, who retains her role as executive chair, according to an e-mailed statement ...

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• 9 October

  Chinese cities plan tighter ride-sharing rules

    Bloomberg Three of China’s largest cities plan to limit the pool of drivers for online ride-sharing services, dealing a blow to Didi Chuxing, the firm that agreed to acquire the Chinese business of Uber Technologies Inc. Draft rules issued by Beijing, Shanghai and Shenzhen said that only holders of local residency permits — called hukou — would be able ...

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• 9 October

  Morrison sees no chance of further cut in interest rates

    Bloomberg Australian Treasurer Scott Morrison said he doesn’t see much appetite for further cuts to his nation’s already record-low interest rates, while stressing that’s a decision for new central bank Governor Philip Lowe. “From our perspective, the old pushing-against-the-string analogy is very relevant,” Morrison said in an interview at the International Monetary Fund’s headquarters in Washington. “It’s up to ...

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• 9 October

  Radioactive leak at New Delhi airport

    NEW DELHI / AP A section of the cargo terminal at New Delhi’s international airport was cordoned off Sunday after a suspected radioactive leak, but officials later said the radiation posed no danger to people and called off the emergency. The leak at Indira Gandhi International Airport was suspected to have occurred from a package containing cancer medicine that ...

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• 9 October

  Shanghai to curb rocketing property prices

  

    Bloomberg Shanghai, China’s financial hub, is putting in place new measures to curb a surge in property prices as part of the country’s latest push to ensure stable and healthy real estate development. The new steps announced by the city’s housing commission include increasing land supply and forbidding price increases in new home pre-sales without approval. In addition, punishment ...

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• 9 October

  Banks drag down Saudi, Gulf mostly sluggish

  

  DUBAI / Reuters Banking shares dragged Saudi Arabian stocks lower on Sunday while most other Gulf markets were sluggish as investors waited for third-quarter corporate earnings announcements. Good news on Egypt’s International Monetary Fund loan boosted that market. The Saudi stock index sank 2.2 percent as the banking index tumbled 4.5 percent. Banque Saudi Fransi plunged by its 10 percent ...

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• 9 October

  Investors preparing for Fed move push S&P 500 lower for the week

  Bloomberg U.S. stock market investors have put Dec. 14 firmly in their crosshairs. Amid a range of reports showing the U.S. economy can withstand an interest-rate increase, investors are punishing industries likely to suffer with tighter monetary policy and shifting cash into groups that benefit from higher borrowing costs and economic growth. The S&P 500 Index tumbled 0.7 percent to ...

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