Bloomberg Brazilian President Jair Bolsonaro is set to visit India next week, aiming to boost trade with a rapidly growing market as ties with neighbouring Argentina deteriorate. With the Asian nation expanding around 7% a year over the past decade, Brazil sees a huge potential for its exports of food and commodities, according to Marcos Troyjo, the special secretary of ...
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Founder of Lotte business dynasty dies at 97
Bloomberg Shin Kyuk-ho, a wartime migrant to Japan who returned home to build a little-known chewing-gum maker into Lotte Group, South Korea’s biggest retailer, has died. He was 97. Shin had been hospitalised in Seoul to get medical treatment for various age-related symptoms and passed away on Sunday at 4:29 pm, Lotte Group said. Shin was among the last of ...
Read More »Premier Oil gets court approval to push ahead with debt plan
Bloomberg UK-based energy explorer Premier Oil Plc can move ahead with its plan to extend debt maturities and buy gas fields in the North Sea, a Scottish court ruled. Judge Sarah Wolffe ruled the company can proceed to a creditor vote on a proposed change in terms on $2 billion-worth of debt, heading off a challenge by Premier Oil’s largest ...
Read More »N Korea picks army man who led Korean talks as top envoy
Bloomberg North Korea named a former army officer who led military and high-level talks between the two Koreas as its top diplomat, Yonhap News reported, in a move that could change the course of stalled nuclear negotiations between Kim Jong-un and US President Donald Trump. Foreign envoys in Pyongyang were notified late last week that Ri Son Gwon replaced Ri ...
Read More »UK’s prince Harry, Meghan Markle to give up royal titles
Bloomberg Prince Harry and Meghan Markle will relinquish their HRH titles and pay back public money spent on renovating their home near Windsor Castle, in an agreement that lets them build a life away from intense scrutiny as members of Britain’s royal family. “Harry, Meghan and Archie will always be much loved members of my family,†Queen Elizabeth II said ...
Read More »Trump loses another Russia adviser
Bloomberg The top Russia expert on President Donald Trump’s National Security Council (NSC) has left his post after about three months, according to three people familiar with the matter. Andrew Peek, the NSC’s senior director for European and Russian affairs, was escorted from the White House grounds, two of the people said, asking not to be identified because they weren’t ...
Read More »HK officers injured as rally ends in violence
Bloomberg Two Hong Kong police officers were beaten at a rally in the city centre that was dispersed as it descended into confusion and violent clashes. The officers, from the Police Community Liaison Office, both suffered head wounds after being attacked with wooden sticks and other weapons near the gathering in Chater Garden in the Central business district. The meeting ...
Read More »White House says Dems trying to overturn 2016 vote
Bloomberg Donald Trump’s legal team says Democrats mounted a “brazen†bid to overturn the 2016 election, echoing the president’s aggressive posture in the first formal White House response to impeachment proceedings in the US Senate. Two people close to the team previewed how Trump’s lawyers plan to mount his defense over the coming weeks, largely tracking public statements the president ...
Read More »BOE may cut rates even if key economic number improves
Bloomberg The most up-to-date measure of the UK economy looks set to improve this week — yet it might not be sufficient to deter the Bank of England (BOE) from cutting interest rates. With policy makers signalling they’re considering a rate cut to preempt possible weakness in the months ahead, and recent data backing their case, IHS Markit’s monthly survey ...
Read More »Morgan Stanley’s drive to rein in costs starts with chief Gorman
Bloomberg Morgan Stanley just had its most profitable year on record. It wasn’t enough for its chief to land a raise. James Gorman’s compensation fell as the firm announced he will receive $27 million for 2019, according to a regulatory filing. That’s a 6.9% decline from the prior year and on par with the package the chief executive officer received ...
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