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Carney Government Targets Banking Competition in Budget

Canada’s government is taking aim at competition in the financial sector, pledging to tackle fees, make it easier for consumers to switch banks and reduce regulatory burdens for smaller lenders.

Canada’s government is taking aim at competition in the financial sector, pledging to tackle fees, make it easier for consumers to switch banks and reduce regulatory burdens for smaller lenders.
Bloomberg PoliticsNov 4, 9:03 PM
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Losses From Car Loan Fraud Soars Above Other Debt: Study

When auto loans suffer losses they are “dramatically higher” than losses in other types of consumer credit products, according to a recent analysis by the credit bureau TransUnion.

When auto loans suffer losses they are “dramatically higher” than losses in other types of consumer credit products, according to a recent analysis by the credit bureau TransUnion.
Bloomberg MarketsNov 4, 1:00 PM
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Shein to Work with French Authorities After Banning Sex Dolls

Shein, the e-commerce giant in the middle of a storm in France after a report it was selling childlike sex dolls on its platform, said it will fully cooperate with French authorities.

Shein, the e-commerce giant in the middle of a storm in France after a report it was selling childlike sex dolls on its platform, said it will fully cooperate with French authorities.
Bloomberg PoliticsNov 4, 10:21 AM
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State Bank of India’s Profit Beats Forecasts on Credit Growth

State Bank of India reported stronger-than-expected profit for the second quarter, supported by robust credit growth as retail consumers increased spending during the country’s festive season.

State Bank of India reported stronger-than-expected profit for the second quarter, supported by robust credit growth as retail consumers increased spending during the country’s festive season.
Bloomberg MarketsNov 4, 8:51 AM
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India’s Top Bank Beats Profit Forecast on One-Time Gains

State Bank of India reported stronger-than-expected profit for the second quarter, supported by one-off gains and robust credit growth as retail consumers increased spending during the country’s festive season.

State Bank of India reported stronger-than-expected profit for the second quarter, supported by one-off gains and robust credit growth as retail consumers increased spending during the country’s festive season.
Bloomberg MarketsNov 4, 8:51 AM
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Starbucks to sell control of China business to private equity. Here’s how much the stake is worth.

Starbucks to sell control of China business to private equity. Here’s how much the stake is worth.

The U.S. coffee-shop chain is forming a joint venture with Boyu Capital, with Boyu holding 60% interest in the company’s retail operations in China. Starbucks will retain the other 40% and continue to own and license the Starbucks brand and intellectual property in the new entity.
MarketWatch - Top StoriesNov 3, 10:48 PM
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Decision Day Nears for Musk’s $1 Trillion Tesla Pay Deal

Rob Anderson, law professor at the University of Arkansas and a Tesla retail investor, discusses the corporate governance questions being raised around the proposed Tesla pay package for Elon Musk.

Rob Anderson, law professor at the University of Arkansas and a Tesla retail investor, discusses the corporate governance questions being raised around the proposed Tesla pay package for Elon Musk. Anderson joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Bloomberg MarketsNov 3, 9:25 PM
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Link Logistics Sees Strong Supply Chain

Luke Petherbridge, the CEO of Link Logistics, joined Bloomberg Open Interest to talk about his view on the US economy through the lens of his company's warehouses.

Luke Petherbridge, the CEO of Link Logistics, joined Bloomberg Open Interest to talk about his view on the US economy through the lens of his company's warehouses. He says despite recent trade uncertainty, demand remains strong, with robust inventories and steady leasing activity. E-commerce continues to expand, driven by faster delivery expectations and the need for more local warehouse space. Petherbridge points to growing power demands, new manufacturing investments, and long-term planning challenges as key...
Bloomberg MarketsNov 3, 4:03 PM
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Chinese Jewelers to Bear the Brunt of Tax Changes for Gold

Chinese jewelers and smaller firms in the gold sector look set to be hardest hit by tax changes announced over the weekend that got rid of long-standing incentives for some retailers of the metal.

Chinese jewelers and smaller firms in the gold sector look set to be hardest hit by tax changes announced over the weekend that got rid of long-standing incentives for some retailers of the metal.
Bloomberg MarketsNov 3, 5:14 AM
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Chinese Jewelers to Bear the Brunt of Gold Tax Change

Chinese jewelers and smaller firms in the gold sector look set to be hardest hit by tax changes announced over the weekend that got rid of long-standing incentives for some retailers of the metal.

Chinese jewelers and smaller firms in the gold sector look set to be hardest hit by tax changes announced over the weekend that got rid of long-standing incentives for some retailers of the metal.
Bloomberg MarketsNov 3, 5:14 AM