Bloomberg Aides for UK Prime Minister Theresa May have begun contingency planning for a possible snap election in November, the Sunday Times reported. Two senior members of her political operation began “war gaming†an autumn vote in a bid to win public backing for a new Brexit plan. One person in her inner circle told cabinet members she’ll probably stand ...
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Pompeo says Trump willing to meet with Iran’s Rouhani at UN
Bloomberg President Donald Trump is willing to meet with Iran’s Hassan Rouhani when world leaders gather at the United Nations this week, said the top US diplomat, who also said that Russia hasn’t been helpful to US foreign policy objectives. “He’s happy to talk with folks at any time,†US Secretary of State Michael Pompeo said in a pre-recorded interview ...
Read More »US may restrict green cards to aid recipients in new crackdown
Bloomberg The US may deny green cards to immigrants who’ve legally used or seem likely to use a range of public benefits, including food assistance or housing vouchers, under new rules announced by the Trump administration on Saturday. The proposal, “Inadmissibility on Public Charge Grounds,†will be posted in the Federal Register in the coming weeks and subject to a ...
Read More »Swedish PM may face confidence vote
Bloomberg All signs point to Prime Minister Stefan Lofven losing the first round in his battle to remain in power as Sweden seats its new parliament. The 349-person legislature reconvenes on Monday two weeks after an election that saw the nationalist Sweden Democrats grab 62 seats and Lofven’s coalition hang on to a one-seat lead over the center-right Alliance opposition. ...
Read More »Vietnam gets its first female head of state
Bloomberg Vietnam has its first female president with the appointment of Vice President Nguyen Thi Ngoc Thinh after Tran Dai Quang died on Friday from a serious illness. Thinh will be the acting president until the National Assembly elects a new leader, according to a statement on the government website, which cited parliament chairwoman Nguyen Thi Kim Ngan. Thinh has ...
Read More »Investors stay wary as gold mining stocks get cheap
Bloomberg Investors stung by the sell-off in gold are going to need more than cheap equities and stabilising bullion prices to wade back into mining-company stocks. Bullion has slipped 8.2 percent this year as a stronger dollar and expanding global economy diminished demand for the metal as a haven. Miners have fared even worse, with the Philadelphia Stock Exchange Gold ...
Read More »Rupiah set for central bank relief as RBNZ puts pressure on kiwi
Bloomberg Two of the year’s worst-performing Asia-Pacific currencies are poised to enter the fourth quarter with dramatically different support from their central banks. New Zealand officials are expected to keep the possibility of a rate cut on the table when they meet on Thursday, wary of a slump in business confidence even as growth has shown recent signs of picking ...
Read More »Tata warns UK steel-making needs ‘big profits’ to survive
Bloomberg The smoking towers of the Port Talbot steelworks have dominated the South Wales skyline for more than a century. If they’re to continue to do so for decades to come, they’ll need to make more money. The past decade has seen some of the most traumatic years for the plant. Hurt by the global financial crisis and then by ...
Read More »Indian billionaire KM Birla says he’s hungry for deals
Bloomberg Kumar Mangalam Birla, the billionaire chairman of the acquisitive Indian conglomerate that bears his name, said he’s hungry for more deals after creating the nation’s biggest mobile-phone operator. His Aditya Birla Group continues to look for targets in the US, Europe and India that make business sense and are likely to add value, the 51-year-old said at Bloomberg’s India ...
Read More »India plans doubling of sugar export aid
Bloomberg India, the world’s top sugar producer after Brazil, is considering a proposal to provide 45 billion rupees ($617 million) assistance to sugar mills to boost exports and cut domestic surplus next year. The government plans to provide a subsidy of 13.88 rupees per 100 kilograms of cane to sugar mills in the year starting from October 1, compared with ...
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