International News

Brexit pollsters feel the pressure with guaranteed uncertainty

  Bloomberg Days before a referendum that seemed to be in the bag for David Cameron, a YouGov Plc poll suddenly showed the “Leave” side ahead. The pound plunged, the prime minister panicked — then Scotland voted to stay in the U.K. by a 10-point margin. Two years on, and British voters are preparing to decide whether to leave the ...

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Rothschild & Co. to buy Martin Maurel, eyes French expansion

  Bloomberg Rothschild & Co., part of the banking dynasty focused on advising on mergers, is buying Compagnie Financiere Martin Maurel to expand its wealth-management and lending operations for French families and entrepreneurs. The boards of both companies support the deal, which needs approval from shareholders and regulators, according to a joint statement on Monday. Marseille-based Martin Maurel has received ...

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Carry trade blocked by Iceland in bid to avoid crisis replay

  Bloomberg Iceland erected new defenses to block fast money from chasing western Europe’s highest interest rates as the nation prepares to dismantle the last remnants of capital controls that have existed since 2008. Over the weekend, the small north Atlantic island set reserve requirements for new offshore investors forcing them to keep a substantial part of their holdings in ...

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Lukoil Q1 profit drops 59% after crude prices slump

  Bloomberg Lukoil PJSC, Russia’s second-largest oil producer, said profit dropped 59 percent in the first quarter as oil prices declined to a 12-year low. Net income fell to 42.8 billion rubles ($651 million) from 104 billion rubles a year earlier, the Moscow-based company said. Russian producers have been partially buffered against the rout in crude by a weaker ruble, ...

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Suning to buy controlling stake in Inter Milan for $306 mn

  Bloomberg Chinese retailer Suning Commerce Group Ltd will acquire about 70 percent of Italian soccer club Inter Milan for €270 million ($306 million), making the deal a rare purchase in which a Chinese company will control a major European sports team. Suning will purchase existing and new shares in Inter Milan. Suning’s Inter Milan deal comes as another Chinese ...

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Anger seethes over fish deaths in Vietnam

  Hanoi / AFP Dozens of activists were detained in Vietnam’s two biggest cities on Sunday as they tried to hold protests calling for greater government transparency over a recent spate of mass fish deaths. Tonnes of dead fish and other marine life began washing up on central Vietnamese shores two months ago and continued to appear for two to ...

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Modi in Qatar talks natural gas supply, workers’ rights

  DUBAI / AP Indian Prime Minister Narendra Modi paid his first official visit to gas-rich Qatar, where he met the Gulf country’s leaders on Sunday to discuss economic ties. Qatar is one of the world’s largest suppliers of liquefied natural gas. Qatari media says it supplies India with more than 85 percent of its gas needs. The Indian Embassy ...

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Sri Lanka ammunition dump explodes, thousands flee

  Colombo / AFP A key military ammunition dump in Sri Lanka exploded Sunday showering shrapnel over a large area on the edge of the capital forcing thousands to flee to safety, officials said. There were no immediate reports of casualties at the Salawa military camp where security forces are known to store some of their heavy weaponry and ammunition, ...

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Tata Motors sues Jiangling over copyright SUV design

  Mumbai / Reuters Tata Motors Inc.’s Jaguar Land Rover said it sued Jiangling Motors Co. over copyright and unfair competition. Reuters reported that the dispute is over the Chinese company’s Landwind X7 sport utility vehicle that looks like the Land Rover Evoque, citing a person with familiar with the matter. Stuart Schorr, a Jaguar Land Rover spokesman, confirmed a ...

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Unwed women targeted in ‘black-market baby scam’

  Gwalior / AFP In an intensive care unit, a nurse soothes a crying baby rescued in a raid on a private Indian hospital that police suspect was selling abandoned newborns on the black market. “She is too weak and needs special care,” the nurse said, patting the girl born underweight and premature and receiving treatment at another hospital, run by ...

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