Bloomberg South Sudan’s main rebel leader committed to the latest deal to end a half decade of bloody civil war as he returned to the capital for the first time since fleeing violence more than two years ago. Former Vice President Riek Machar temporarily returned to Juba on Wednesday to take part in celebrations for a so-called “final, final†peace ...
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Trump turns focus to rally GOP post Kavanaugh saga
Bloomberg So much for the “Kavanaugh Bump.†Republicans now fear some of their voters are losing enthusiasm a week away from midterm elections that will determine control of Congress. Outrage amid the Republican electorate over Democrats’ treatment of Supreme Court Justice Brett Kavanaugh’s nomination has dissipated, Trump aides and Republican pollsters say. After last week’s mail-bomb scare and synagogue shooting, ...
Read More »Merkel’s party fights over legacy with chancellor sidelined
Bloomberg Angela Merkel’s favoured successor to head her governing party is running into stiff competition in a race that will shape the German chancellor’s legacy. Her old nemesis Friedrich Merz is now a contender for the Christian Democratic Union’s chairmanship, raising the possibility that for the first time ever the leader of the Europe’s dominant economy will come from the ...
Read More »US stocks rally to end painful month; dollar at 16-month high
Bloomberg US stocks rallied on the final day of one of the worst months of the bull market, as earnings from Facebook jolted tech shares higher. The dollar added to a 16-month high. The S&P 500 Index headed for the first back-to-back gains of October, paring its steepest monthly drop since 2011 to 7 percent. Strong earnings that had largely ...
Read More »Traders see little hope in world’s worst stock market in October
Bloomberg For South Korean stock investors, a rebound did little to revive optimism. Sentiment among fund managers remains decisively negative as the benchmark Kospi Index heads for the world’s biggest monthly slide after entering bear territory last week. The nation’s equity market has lost more than $300 billion in value in about a month, with the benchmark dipping below the ...
Read More »Oil poised for biggest monthly slide since 2016 on growth fears
Bloomberg Oil’s set for its biggest monthly drop since 2016 as the specter of a slowdown in the global economy haunts the market while US inventories grow and producers relay mixed signals. Futures in New York are poised for an 8.8 percent drop in October, following two months of gains. A global equity rout and an escalating US-China trade war ...
Read More »India seeks $2bn from stake sale in largest coal miner
Bloomberg India will sell as much as 9 percent in monopoly miner Coal India Ltd. in a public offer starting on Wednesday, according to a regulatory filing by the country’s coal ministry. The federal government, which owns 78.55 percent in the world’s largest coal producer, will sell a 3 percent stake, or 186.22 million shares, with an option to sell ...
Read More »Weaker China adds to risks of a synchronised global slowdown
Bloomberg China’s manufacturing sector worsened in October as the trade war hit home, adding to risks the global economy may be edging towards a synchronised slowdown. China’s official factory gauge missed estimates with a reading of 50.2 and its exports sub-index slumped to the lowest reading since early 2016. In other data released on Wednesday, Industrial output for September in ...
Read More »Singapore tops luxury real estate ranking
Bloomberg Guess which city managed to top a luxury real-estate ranking despite a slew of cooling measures to tame its property market? Yes, the tiny island nation of Singapore, nudging out Hong Kong. Luxury home prices rose 13 percent in the quarter ended September 30 from a year earlier, according to Knight Frank LLP’s Prime Global Cities Index. Gains were ...
Read More »India Inc. faces ‘trust deficit’ after lender default: S&P
Bloomberg Borrowing conditions for Indian companies will likely remain tough for months as fallout from defaults at Infrastructure Leasing & Financial Services Ltd. continue to weigh on the nation’s debt market, according to S&P Global Ratings. “India’s financial markets are facing a trust deficit,†S&P credit analyst Geeta Chugh wrote in a note. “The disruption could put a strain on ...
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