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Almost 60% of Mutual Fund Assets Will Be ESG by 2025, PwC Says, , on October 19, 2020 at 8:00 am
(Bloomberg) -- ESG investing is the most significant development in money management since the creation of the exchange-traded fund two decades ago and it will reshape finance just as passive funds have.That’s the finding of a new report from PwC that forecasts as...
Tech Still Offers Value, `Vaccine or No Vaccine': Barings, , on October 19, 2020 at 7:37 am
Oct.19 -- Tech is "having the time of its life and is not going anywhere, vaccine or no vaccine," says Baring Investment Services Chief European Strategist Agnes Belaisch. She speaks on "Bloomberg Markets: European Open.", Oct.19 -- Tech is "having the time of its...
Tech Still Offers Value, `Vaccine or No Vaccine’: Barings, , on October 19, 2020 at 7:37 am
Oct.19 -- Tech is "having the time of its life and is not going anywhere, vaccine or no vaccine," says Baring Investment Services Chief European Strategist Agnes Belaisch. She speaks on "Bloomberg Markets: European Open.", Oct.19 -- Tech is "having the time of its...
Danone Plans Biggest Shakeup in Years With Full Portfolio Review, , on October 19, 2020 at 7:03 am
(Bloomberg) -- Danone is reviewing its entire portfolio for underperforming assets in Chief Executive Officer Emmanuel Faber’s biggest shakeup of the French yogurt maker, whose shares are languishing near a six-year low.The company is putting the Vega protein powder...
GLOBAL MARKETS-Asian markets jump on vaccine, U.S. aid hopes; China data caps gains, , on October 19, 2020 at 6:38 am
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Founders Love Listing in Amsterdam. Maybe a Little Too Much., , on October 19, 2020 at 6:00 am
(Bloomberg Opinion) -- Founders who want to list their company in Europe while retaining control usually have a shortlist of one bourse: Amsterdam.The Dutch capital’s stock exchange promises the flexibility of London with an added perk: It allows dual classes of stock...
Strong Consumer Data Lifts Stocks, , on October 19, 2020 at 5:46 am
The Dow Jones is rising this Friday, looking for its first daily gain in four sessions after the release of strong U.S. consumer data to end a volatile week., The Dow Jones is rising this Friday, looking for its first daily gain in four sessions after the release of...
Futures Consolidate As Volatile Week Winds Down, , on October 19, 2020 at 5:39 am
As a volatile trading week winds down, US stock futures are consolidating ahead of the open. Also, the Nasdaq is in focus., As a volatile trading week winds down, US stock futures are consolidating ahead of the open. Also, the Nasdaq is in focus.,
Alibaba Takes Over China’s Top Hypermart Chain for $3.6 Billion, , on October 19, 2020 at 5:32 am
(Bloomberg) -- Alibaba Group Holding Ltd. will invest about $3.6 billion to double its stake in Sun Art Retail Group Ltd., taking control of China’s largest chain of hypermarts to try and fend off rivals like JD.com Inc. in e-commerce’s hottest growth arena.Alibaba...
Europe Shouldn’t Try to Eat London’s Lunch, , on October 19, 2020 at 5:00 am
(Bloomberg Opinion) -- Brexit could one day give the European Union an opportunity to challenge the City of London’s dominance as a global financial hub. Right now, however, the EU is in no condition to take advantage.As talks on Britain’s future relationship with the...
China's Key Policy Rate to Remain Unchanged This Year: BofA, , on October 19, 2020 at 4:55 am
Oct.19 -- Helen Qiao, chief Greater China economist at BofA Securities, discusses the health of the world's second-largest economy and its policies. Gross domestic product climbed 4.9% in the third quarter from a year ago. That’s lower than economists forecast. Retail...
China’s Key Policy Rate to Remain Unchanged This Year: BofA, , on October 19, 2020 at 4:55 am
Oct.19 -- Helen Qiao, chief Greater China economist at BofA Securities, discusses the health of the world's second-largest economy and its policies. Gross domestic product climbed 4.9% in the third quarter from a year ago. That’s lower than economists forecast. Retail...
Singapore-H.K. Travel Bubble 'Really Good News': IATA, , on October 19, 2020 at 4:04 am
Oct.18 -- Conrad Clifford, regional vice president for Asia Pacific at the International Air Transport Association, looks at how the coronavirus outbreak is affecting the global airline industry. Singapore and Hong Kong will open their borders to one another for the...
Singapore-H.K. Travel Bubble ‘Really Good News’: IATA, , on October 19, 2020 at 4:04 am
Oct.18 -- Conrad Clifford, regional vice president for Asia Pacific at the International Air Transport Association, looks at how the coronavirus outbreak is affecting the global airline industry. Singapore and Hong Kong will open their borders to one another for the...
Oil prices decline after China economic data disappoints, , on October 19, 2020 at 3:39 am
Oil prices fell on Monday after reports that China's third-quarter economic growth did not rise as much as expected, underscoring concerns that surging coronavirus cases globally are impacting demand in the world's largest oil importer. Refiners in China, the world's...
GLOBAL MARKETS-Asian markets jump on vaccine, U.S. aid hopes; gains capped by China data, , on October 19, 2020 at 2:59 am
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Alibaba shops for hypermarket chain Sun Art in $3.6 billion deal, , on October 19, 2020 at 2:46 am
The e-commerce giant is hoping to further leverage its digital presence to support Sun Art's 481 hypermarkets and three mid-size supermarkets in China. The move comes as Alibaba steadily expands its presence in China's offline retail sector, as growth in traditional...
Pelosi Shifts Stimulus Deadline, , on October 19, 2020 at 2:32 am
Oct.18 -- House Speaker Nancy Pelosi is now saying that Tuesday is now the deadline for an agreement on stimulus before the election. Over the weekend, President Donald Trump said he can convince Republicans to back a so-called “good” deal. Bloomberg’s Enda Curran...
Pelosi Shifts Stimulus Deadline, , on October 19, 2020 at 2:32 am
Oct.18 -- House Speaker Nancy Pelosi is now saying that Tuesday is now the deadline for an agreement on stimulus before the election. Over the weekend, President Donald Trump said he can convince Republicans to back a so-called “good” deal. Bloomberg’s Enda Curran...
Oil Steady Near $41 Before OPEC+ Meets to Assess State of Market, , on October 19, 2020 at 2:31 am
(Bloomberg) -- Oil was steady near $41 a barrel in New York before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus.The Joint Ministerial Monitoring Committee, which typically reviews compliance...
Ant’s Hong Kong Listing Wins China Approval, , on October 19, 2020 at 2:27 am
Oct.18 -- Ant Group has reportedly won approval from the Chinese Securities Regulatory Commission for its Hong Kong listing. The payments giant is said to be seeking HKEX’s approval today. Bloomberg’s Lulu Chen reports on “Bloomberg Markets: China Open.”, Oct.18 --...
Tesla Accounts For Majority Of EV Sales In South Korea This Year: Report, , on October 19, 2020 at 2:18 am
Tesla Inc (NASDAQ: TSLA) has registered substantial growth in South Korea this year due to increasing demand for electric vehicles in the country, Yonhap News Agency reported Monday (Seoul time).What Happened: The Elon Musk-led automaker sold 10,518 vehicles in the...
Alibaba shops for hypermarket chain Sun Art in $3.6 billion deal, , on October 19, 2020 at 1:50 am
The e-commerce giant is hoping to further leverage its digital presence to support Sun Art's 481 hypermarkets and three mid-size supermarkets in China. The move comes as Alibaba steadily expands its presence in China's offline retail sector, as growth in traditional...
Alibaba to Take Control of Grocer Sun Art for $3.6 Billion, , on October 19, 2020 at 1:25 am
(Bloomberg) -- Alibaba Group Holding Ltd. will invest about $3.6 billion to double its stake in Sun Art Retail Group Ltd., taking control of one of China’s largest hypermarts to try and fend off rivals like JD.com Inc. in e-commerce’s hottest growth arena.Alibaba will...
U.K. Inc. Told to Prepare for ‘No Deal’ Brexit, , on October 19, 2020 at 1:21 am
Oct.18 -- U.K. business is being urged to ramp up preparations for a “no deal” Brexit as trade talks with the EU face collapse. The government has told EU officials not to bother coming to London this week to continue negotiations, but also says the door remains ajar....
Speculators Reverse Big Nasdaq Short, , on October 19, 2020 at 1:10 am
(Bloomberg) -- Hedge funds have pulled back from one of the biggest short positions in U.S. tech stocks in over a decade, in a near-record buying spree of Nasdaq futures last week.Net speculative positions in Nasdaq 100 mini contracts surged by the most in more than...
Asian markets jump on vaccine, U.S. aid hopes; gains capped by China data, , on October 19, 2020 at 12:45 am
Asian markets advanced toward a recent 2-1/2-year peak on Monday powered by hopes of a U.S fiscal package and expectations of a coronavirus vaccine by the end of this year, though weaker-than-expected Chinese data capped gains. MSCI's broadest index of Asia-Pacific...
GLOBAL MARKETS-Asian markets start on firm footing on vaccine, U.S. aid hopes, , on October 19, 2020 at 12:43 am
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What Does Ardern's Victory Mean for N.Z. Businesses?, , on October 19, 2020 at 12:25 am
Oct.18 -- Michael Barnett, chief executive officer of the Auckland Chamber of Commerce, discusses what Prime Minister Jacinda Ardern's landslide victory in New Zealand’s general election means for local businesses and the economy. He speaks with Haidi Stroud-Watts and...
What Does Ardern’s Victory Mean for N.Z. Businesses?, , on October 19, 2020 at 12:25 am
Oct.18 -- Michael Barnett, chief executive officer of the Auckland Chamber of Commerce, discusses what Prime Minister Jacinda Ardern's landslide victory in New Zealand’s general election means for local businesses and the economy. He speaks with Haidi Stroud-Watts and...
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