Bloomberg US and North Korean officials met on Sunday to discuss the return of remains of American soldiers killed almost seven decades ago during the Korean War, with the talks offering a chance to ease tensions between the two sides as they argue over disarmament issues. The meeting began around 10 am Seoul time at the border village of Panmunjom, ...
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Trump says he may ask Putin to extradite intelligence agents
Bloomberg President Donald Trump said he may ask Vladimir Putin to extradite 12 Russian intelligence agents indicted for hacking Democratic email accounts during the 2016 campaign, and said he has “low expectations†for his summit on Monday with the Russian leader. “I go in with low expectations,†Trump said in excerpts of an interview with CBS News released. “I’m not ...
Read More »Uneasy calm settles over Israel, Gaza after violence flares
Bloomberg A brittle calm took hold in the Gaza Strip and southern Israel on Sunday after the Palestinian enclave’s Hamas rulers and another powerful militant faction reported that efforts had succeeded to end a weekend of escalating violence. Hazem Qassem, a Hamas spokesman, said in an emailed statement that regional and international mediators crafted an agreement that led to a ...
Read More »May says Trump advised her to sue EU
Bloomberg UK Prime Minister Theresa May said US President Donald Trump advised her to be litigious in dealing with the European Union on Brexit. “He told me I should sue the EU,†May told BBC. “Sue the EU, not go into negotiations, sue them.†In an interview given before arriving in the UK, Trump criticised May for the way she ...
Read More »Italy to EU nations: Accept some migrants from ships
Bloomberg Italy has called on other European Union nations to take some of the 450 migrants aboard two ships in the Mediterranean after the country’s interior ministry refused to allow them to come ashore. “I expect facts and not words, concrete action,†said Matteo Salvini, who leads the anti-immigration League party and is both interior minister and a deputy prime ...
Read More »Anxiety lurks everywhere across US stock market
Bloomberg The Nasdaq 100 is at a record, stocks have just strung together two straight weeks of gains and one of the best earnings seasons in a decade is at hand. Bears vanquished? Not entirely. While benchmark measures of volatility are as calm as they’ve been in five months, among individual stocks anxiety is running high. It’s showing up in ...
Read More »Trade war fallout blurs lines between Japan, China stocks
Bloomberg The Japanese stock market got an extra lift around 10:30 am on July 12 in Tokyo. China had started trading, and it had opened higher. But that was a rare lucky day for investors who got used to losses this year, with the Topix index becoming one of the worst performers among developed-market gauges. As the US-China trade conflict ...
Read More »India’s cash-strapped Fortis picks IHH as its new owner
Bloomberg Fortis Healthcare Ltd.’s board of directors chose IHH Healthcare Bhd. to take control of India’s second-largest hospital chain, ending a months-long takeover battle as the company wrestles with investigations over financial irregularities. Malaysia-based IHH’s offer would see $583 million invested directly in the company through a preferential allotment of shares at 170 rupees a share, according to a statement ...
Read More »Beijing to import less soybean first time since 2004
Bloomberg China has been gobbling up the world’s soybeans at breakneck speed over the past decade. But as the trade spat with the US escalates, its imports of the oilseed are set to decline for the first time in 15 years. China will bring in 95 million metric tonnes of soybeans in the 2018-2019 season, the US Department of Agriculture ...
Read More »Hong Kong’s Bexcellent soars 22% in debut
Bloomberg Bexcellent Group Holdings Ltd., whose top tutor earns more than HK$40 million ($5.1 million) a year, surged as much as 34 percent on the first day of trading in Hong Kong. The provider of tutoring services to Hong Kong secondary school students was so popular that individual investors placed orders for about 289 times the stock initially available to ...
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