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Bids sought for $5.5bn Thailand to China high-speed rail

Bloomberg Thailand will seek bids in the fourth-quarter for a $5.5 billion high-speed rail project that’s part of a wider plan for a train network to China. The bidder will build the first half of the network in Thailand, Minister of Transport Arkhom Termpittayapaisith said. His ministry expects to receive detailed designs this month from China, its partner for the ...

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Trade tensions rattle US equities; crude gains

Bloomberg US stocks slid to three-week lows as President Donald Trump’s threats of more trade protectionism against major partners were met with Chinese and European vows of retaliation, rattling global equities and sparking demand for the safety of bonds. The S&P 500 Index fell to the lowest since May, with technology shares leading declines on reports the US Treasury Department ...

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Pound still stuck in Brexit bog as more talks loom

Bloomberg A boost from the Bank of England, spoilt in no time by Brexit gloom — this has been a recurring pattern for the pound of late. This week may be no exception. While a hawkish surprise out of Thursday’s BOE meeting — namely, Chief Economist Andy Haldane’s shift of stance in favour of raising interest rates — gave the ...

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