- Reuters
Tesla's Model 3 earns insurance industry's top safety rating
The IIHS has given the Model 3 its highest rating, top safety pick+. It said the Model 3 earned good ratings across the board for crashworthiness. The car's structure held up well in the driver-side small overlap front test, IIHS said.
- Reuters
Toyota to expand plant in Brazil's Sao Paulo state, joining Volkswagen, GM
Toyota Motor Corp on Thursday announced a 1 billion reais (£195 million) expansion at a plant in the Brazilian state of Sao Paulo, joining Volkswagen and General Motors in new investments in the region. Toyota said the funding would allow the Sorocaba plant, which builds the Etios and Yaris sedan models
- Reuters
Japan economy minister says ready to help small businesses once U.S. trade deal finalised
Japanese Economy Minister Yasutoshi Nishimura said on Thursday that the government was prepared to help small businesses and farms depending on the outcome of trade talks with the United States, expected to be finalised and signed next week. "We're working on the negotiations now," Nishimura
- Bloomberg UK
CreditEase’s Zhang Sees China’s Credit Demand Rising
Sep.18 -- Zhang Yue, senior vice president at CreditEase, discusses the demand for credit in China, write downs in her portfolio, P2P lending, their wealth management business and their expansion plans. She speaks exclusively on “Bloomberg Markets: China Open” on the sidelines of the Milken Institute
- Reuters
BOJ keeps policy steady, signals chance of easing in October
The Bank of Japan kept monetary policy steady on Thursday but signalled the chance of expanding stimulus as early as its next policy meeting in October by issuing a stronger warning over the risks threatening the economy. As expected, the BOJ maintained its short-term interest rate target at -0.1% and
- Bloomberg UK
We Are Clearly in a Rate Declining Environment, Says Clearwater Funds’s Petty
Sep.18 -- Robert Petty, co-chief executive officer and co-chief investment officer at The Clearwater Funds Fiera Capital, discuss the Fed policy decision, the possibility of recession and his take on negative interest rates. He speaks on “Bloomberg Markets: China Open” from the sidelines of the Milken
- Bloomberg UK
Nomura’s Brokerage Venture With Line Seeks to Expand User Base
Sep.18 -- Yoshikazu Yonenaga and Noritaka Ochiai, co-chief executive officers of Line Securities Corp., Nomura Holdings Inc.’s new online brokerage venture with mobile messaging provider Line, talk about the prospects and strategy for the business.
- Reuters
Oil prices settle after turbulent week as Saudi Arabia reassures on output
Oil prices edged higher in early Asian trade on Thursday after days of turbulence, with markets soothed by Saudi Arabia's pledge to restore full production by end-September at facilities knocked out in drone and missile attacks last weekend. Brent crude futures rose 8 cents to $63.68 a barrel by
- Reuters
Charles Taylor agrees purchase deal to go private
Lovell Minnick, has offered 315 pence per share in cash to take Charles Taylor private, the company said in a statement. Charles Taylor directors said the offer, which represents a 34% premium to the company's share close on Wednesday, is "fair and reasonable" and unanimously recommend
- Bloomberg UK
Nokia Says 5G Technology Is Foundation of 4th Industrial Revolution
Sep.18 -- Jae Won, senior vice president and head of Asia Pacific and Japan and Nokia Oyj, talks about 5G, and the company's strategy for the region. He speaks from the sidelines of the Milken Institute's Asia Summit in Singapore with Paul Allen and Shery Ahn on "Bloomberg Daybreak: Asia
- PA Media: Money
Rates set to remain unchanged in final MPC meeting before Brexit deadline
It also comes as reports suggest Bank governor Mark Carney could be asked to extend his term once more in the event of Brexit being delayed.
- Bloomberg UK
All That Glitters Is Not Gold, Sometimes Its A Silver ETF
Sep.18 -- The ETF industry has something for everyone -- the iShares Silver Trust ETF (ticker: SLV) tracks the price of silver, which has shined in 2019. In this week's "There's an ETF for That", Bloomberg's Scarlet Fu details the performance and makeup of 'SLV'.
- Bloomberg UK
Defining Value in ETFs as the Group Makes A Comeback
Sep.18 -- Bloomberg's Eric Balchunas and Scarlet Fu break down the Alpha International Quantitative Value ETF (ticker: IVAL) with Ryan Kirlin, head of capital markets at Alpha Architect.
- Bloomberg UK
Elizabeth Banks Thinks Mid Caps Need ‘Some Love’...She is Right
Sep.18 -- Matt Bartolini, head of SPDR Americas research at State Street Global Advisors, and Elizabeth Banks, producer, director, and actor, talk with Bloomberg’s Scarlet Fu about mid cap stocks, her involvement with ETFs and what celebrities bring to ETF marketing.
- Bloomberg UK
Value Looks Extremely Attractive Right Now: CLS’s Sissel
Sep.18 -- Shana Sissel, senior portfolio manager at CLS Investments, talks with Bloomberg's Scarlet Fu, Eric Balchunas and Sarah Ponczek about the rotation to value ETFs, emerging markets and how this week’s volatility in the repo market affected ETFs.
- Reuters
Asian shares turn lower on guarded Fed, yen rises after BOJ
Asian shares turned lower on Thursday after the U.S. Federal Reserve cut interest rates as expected but signalled a higher bar to further policy easings. Treasury yields rose broadly and the curve flattened as Fed Chairman Jerome Powell took a cautious approach to any further reductions in borrowing
- Reuters
Airbnb says second-quarter revenue topped $1 billion
Airbnb Inc took in more than $1 billion (£801 million) in revenue for the second quarter of 2019, the second time it exceeded that level in its decade-plus history, the home rentals company said in a statement on Wednesday. The company also said it will be launching a multimillion-dollar marketing campaign
- Reuters
Purdue Pharma seeks to halt opioid suits against company, Sacklers
In addition to seeking a pause in widespread litigation against it, Purdue also asked U.S. Bankruptcy Judge Robert Drain to shield the wealthy Sacklers from related opioid lawsuits they face. Purdue filed for Chapter 11 bankruptcy protection on Sunday after reaching an outline of a deal it estimated
- Bloomberg UK
Gold Is Still 'Great Place to Be,' Solstein Capital CEO Says
Sep.18 -- Nadine Terman, founder, chief executive officer and chief investment officer of Solstein Capital, talks about Chinese stocks, gold, energy and TLT, a 20-year treasury bond ETF. She speaks with Shery Ahn and Paul Allen on "Bloomberg Daybreak: Australia."
- Reuters
Repo chaos tests Wall Street confidence in NY Fed's Williams
The New York Fed had to intervene in cash markets this week when the repo rate, a key measure of liquidity in the global banking system, sky-rocketed, forcing the Fed to make an emergency injection of more than $125 billion (£100.2 billion) on Tuesday and Wednesday. "What has happened in the repo
- Reuters
Britain launches first major auction for offshore wind leases in a decade
Britain has launched its first major auction of offshore wind farm leases in a decade, offering sites with the combined potential to power more than six million homes. Britain is already the world's largest offshore wind market, and plans to generate a third of its electricity from the technology
- The Guardian
Credit card spending overtakes cash for first time
Total UK retail sales rose by 4.1% to £381bn in 2018, with debit card payments representing almost 57%. Photograph: Philip Toscano/PACredit card spending has overtaken cash for the first time, according to data from UK retailers. This means notes and coins have been demoted to the third most popular
- PA Media: Money
Developers to have chance to bid for offshore wind sites to power 6m homes
The Crown Estate is launching a new round of leases in four areas off the coast of England and Wales.
- PA Media: Money
Nearly half of working renters ‘one pay cheque away from losing home’
Among working families with children, the charity found 60% could be just one pay cheque away from losing their home.
- PA Media: Money
Nearly 80% of retail sales made using card, payment figures show
The British Retail Consortium is calling for action to improve regulation of card payment fees.
