Week of 1 Dec 2017
Photographer: SeongJoon Cho/Bloomberg Millions of Japanese Over 35 Still Live With Mom and Dad: https://www.bloomberg.com/news/articles/2016-11-29/millions-of-japanese-over-35-still-live-with-mom-and-dad
The aging of Japanese and South Korean societies, and the significant slowdown in their economic growth rates, are contributing to a large increase in households with elderly parents supporting adult children who haven’t been able to leave home. In some cases, it’s even forcing parents to delay retirement.
GoPro Cutting 15% of Workforce, Closes Entertainment Unit: https://www.bloomberg.com/news/articles/2016-11-30/gopro-cutting-15-of-workforce-shuts-down-entertainment-unit
After being a one-time tech darling, San Mateo, California-based GoPro is now facing rising competition from Apple Inc. and even Snap Inc., whose camera glasses are also promising a seamless experience from capturing adventure film to posting on social media. In drones, GoPro is up against the dominant player, Chinese manufacturer SZ DJI Technology Co., who also released a new model just a week after GoPro.
Uber and Lyft Hail Trump’s Transportation Pick: https://www.bloomberg.com/news/articles/2016-11-30/uber-and-lyft-hail-trump-s-transportation-pick
“We have the utmost respect for Elaine Chao, an accomplished public servant and highly capable leader,” Adrian Durbin, a spokesman for Lyft, wrote in an e-mail. “We congratulate her on the nomination and look forward to working with her on an array of transportation issues.”
Here Are The Details From The OPEC Production Cut Deal: http://www.zerohedge.com/news/2016-11-30/opec-said-reach-agreement-cut-output-12mmbpd
Current market conditions are counterproductive and damaging to both producers and consumers, it is neither sustainable nor conducive in the medium- to long-term. It threatens the economies of producing nations, hinders critical industry investments, jeopardizes energy security to meet growing world energy demand, and challenges oil market stability as a whole.
Tweeting Trump has brought markets to life: SGX executive: http://www.businesstimes.com.sg/companies-markets/tweeting-trump-has-brought-markets-to-life-sgx-executive
“With Trump, what you see is greater uncertainty, and the opportunity to trade different sectors,” Mr Chew said in an interview on Bloomberg Television on Wednesday. “We’re really happy that some of the animal spirits are back.”
The Singapore exchange’s average daily value of shares traded has risen to S$1.32 billion since Mr Trump’s surprising Nov 8 win over Democrat Hillary Clinton. That’s 28 per cent higher than the daily average during the first 10 months of the year. Mr Chew said Mr Trump’s unpredictability is keeping markets on their toes.
Senior citizen hypnotised and cheated of RM86,000: http://www.thestar.com.my/news/nation/2016/11/30/senior-citizen-hypnotised-and-cheated-of-rm86000/
Ajinomoto dividend windfall from land acquired by Govt: http://www.thestar.com.my/business/business-news/2016/11/30/dividend-windfall/
Why is the popularity of Taiwan’s Tsai Ing-wen plummeting?: http://www.scmp.com/news/china/policies-politics/article/2047906/why-popularity-taiwans-tsai-ing-wen-plummeting
Hong Kong caught in diplomatic bind as customs seize shipment of military vehicles from Taiwan: http://www.scmp.com/news/hong-kong/law-crime/article/2048964/hong-kong-caught-diplomatic-bind-customs-seize-shipment
There are €360 billion in impaired loans in the Italian banking system, compared to €225 billion in equity on their books: http://www.businessinsider.sg/mark-carney-bank-of-england-financial-stability-report-italian-banks-2016-11/#smDjFhZSVYUtX20z.99