Bloomberg Chancellor Angela Merkel offered implicit support for military action against Syria, upbraiding her coalition partner for ruling out German participation in a response to an offensive in the country’s last rebel stronghold. Germany’s Social Democrats, the junior partner in Merkel’s government, this week rejected a German role in any military strike should President Bashar al-Assad and his backers create ...
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Anwar ‘appalled’ by Suu Kyi, criticises China’s Muslim camps
Bloomberg Anwar Ibrahim, who’s in line to become Malaysia’s next premier, blasted Myanmar leader Aung San Suu Kyi’s treatment of the Rohingya and called for formal talks on China’s crackdown against its Muslim minority. “I was appalled by the attitude of Suu Kyi these days,†Anwar said in an interview with Bloomberg Television’s Sophie Kamaruddin in Hong Kong. “Buddhists, Muslims, ...
Read More »UK, EU plan special summit to ink Brexit deal
Bloomberg The UK and the European Union are preparing for a special summit to sign the Brexit deal in November and the meeting could be announced within days, according to people familiar with the matter. While negotiators still need to resolve key disagreements, the EU is getting ready to schedule a one-off gathering in mid-November so leaders can formally agree ...
Read More »Tripoli airport closed as rockets shatter UN truce
Bloomberg Tripoli’s international airport was closed and flights rerouted after a series of overnight rocket attacks rendered all but meaningless a ceasefire announced by the United Nations days earlier. Inbound flights were being sent to the city of Misrata, Libyan television reported, noting that there were no reports of injuries from the attacks. The Maitiga International Airport’s Facebook page said ...
Read More »China’s NIO tests investor appetite for electric cars
Bloomberg The global excitement about electric cars faces a test in New York on Wednesday. China’s NIO Inc., which seeks to take on the likes of Tesla Inc., starts trading on the New York stock exchange after raising about $1 billion selling American depositary shares at $6.26 apiece. The electric-car maker, backed by Tencent Holdings Ltd., priced the stock near ...
Read More »Japan’s Pioneer to get $538 million bailout from Baring
Bloomberg Pioneer Corp., once among the world’s hottest names in technology before succumbing to debt and failed expansions, agreed to a bailout from Baring Private Equity. Baring Private Equity will buy as much as $538 million of stock in the Tokyo-based company, according to a filing. But its shares fell 9.3 percent to their lowest in nine years after the ...
Read More »Tokyo prosecutors indict 2nd firm in ‘data scandal’
Bloomberg Mitsubishi Materials Corp. became the second Japanese firm to be indicted by Tokyo prosecutors for falsifying product data, in a scandal that has rocked the nation’s prized reputation for manufacturing prowess. Three units of the Tokyo-based company — Mitsubishi Aluminum Co., Diamet Corp. and Mitsubishi Cable Industries Ltd. — were indicted on suspicion of breaching Japan’s unfair competition law, ...
Read More »Indonesian govt wants tighter FX rules on exporters to help rupiah
Bloomberg Indonesian exporters must keep their earnings in the country to support efforts by the government to rein in the current-account deficit and shield the rupiah, Finance Minister Sri Mulyani Indrawati said. While legislation protects the free movement of capital, authorities want to tighten some rules on exporters amid a rout in the currency, Indrawati said. “In a situation in ...
Read More »Free holidays, rail passes as Hong Kong developers push sales
Bloomberg Developers in Hong Kong are offering perks such as free rail tickets and early move-in dates in a further sign one of the world’s hottest property markets may finally be cooling. In a bid to shift apartments, CK Asset Holdings Ltd. is giving away high-speed rail holiday and travel packages, including accommodation, worth $35,700 for people who agree to ...
Read More »Trump tariffs spark industry campaign to defuse trade war
Bloomberg Trade associations representing farmers, retailers and manufacturers are joining forces in a new multi-million-dollar campaign to oppose President Donald Trump’s tariffs, in the latest attempt by US business to stop an escalating trade war. Groups lobbying for months to persuade the president that tariffs are the wrong approach have been largely ignored, as Trump slapped duties on billions of ...
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