Month: September 2018

Sep.02 — A surprise interest rate-hike for Australian mortgage holders should further delay a Reserve Bank policy tightening that markets have already pushed out to 2020. Westpac Banking’s decision to raise borrowing costs last week will likely be repeated by other major lenders. That would further sideline the RBA, already on hold for two years at a record-low 1.5 percent and set to remain there at Tuesday’s policy meeting. Bloomberg’s Garfield Reynolds reports. …read more […]

Sep.02 — John Romalis, professor of economics at the University of Sydney, talks about the trade dispute between the U.S. and China. The U.S. is leaning toward a fresh round of tariffs against Chinese imports, this time for $200 billion in goods. Romalis speaks with Haidi Stroud-Watts on “Bloomberg Daybreak: Australia.” …read more […]

Sep.02 — The deadline for public consultation on President Donald Trump’s plan for tariffs on another $200 billion in Chinese imports ends Thursday. Separately, Ford Motor is canceling plans to import a new crossover model from a plant in China after Trump’s tariffs undermined the business case for bringing the vehicle to the U.S. market. Bloomberg’s Stephen Engle reports on “Bloomberg Daybreak: Australia.” …read more […]

Sep.02 — President Donald Trump slammed what he termed “decades of abuse” by Canada with a new threat to terminate the NAFTA, a day after talks stalled. “There is no political necessity to keep Canada in the new NAFTA deal. If we don’t make a fair deal for the U.S. after decades of abuse, Canada will be out,” Trump said on Twitter. “Congress should not interfere w/these negotiations or I will simply terminate NAFTA entirely. Ros Krasny reports on “Bloomberg Daybreak: Australia.” …read more […]

Evidence suggests a key decision will go its way soon. …read more […]

Restaurant Brands New Zealand Ltd said on Monday it would not renew its licence deal with Starbucks Corp when it expires in October. The fast-food company said in a statement it had sold fixed assets and stock related to its deal with Starbucks Coffee International, Inc to New-Zealand based Tahua Capital for NZ$4.4 million ($2.9 million). Restaurant Brands intends on focusing on its core businesses of quick-service restaurant brands and said the Starbucks Coffee business was “becoming less relevant to the company’s overall direction”. …read more […]

There was a lot of good news in the company’s second quarter earnings report. …read more […]

Silicon Valley giants including Google, Facebook and Twitter are headed to Capitol Hill. Here’s what you can expect from their hearings. …read more […]

The billionaire founder and chief executive of Chinese e-commerce firm JD.com Inc , Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released after what the company said was a false accusation. JD.com, backed by Walmart Inc , Alphabet Inc’s Google, and China’s Tencent Holdings Ltd , said in a statement on Sunday that Liu, whose Chinese name is Liu Qiangdong, was falsely accused. …read more […]

The company’s commercial operations get most of the attention, but its defense business just got a much-needed win. …read more […]

The billionaire founder and chief executive of Chinese e-commerce giant JD.com Inc (JD.O), Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released after what the company said was a false accusation. JD.com, backed by Walmart Inc (WMT.N), Alphabet Inc’s (GOOGL.O) Google, and China’s Tencent Holdings , said in a statement on Sunday that Liu, whose Chinese name is Liu Qiangdong, was falsely accused. …read more […]

Ford is drawing up drastic plans to slash costs by scrapping its Mondeo range of mid-market family cars and cutting up to 24,000 workers. Thousands of staff who work for the car maker are at risk of redundancy while the famous ‘Mondeo Man’ which embodied an aspiring political class of voters under former Labour leader Tony Blair could be on his way out. The Detroit car maker could slash up to 12pc of its global workforce in “deep and fundamental” plans being formulated in its headquarters in Dearborn, Michigan. Many of the cuts are feared to come from the company’s …read more […]