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Indonesia palm oil exports to India seen at record high

Bloomberg Palm oil exports from Indonesia to India, the world’s biggest buyer, will probably climb to the highest ever this year as strong demand counters higher import duties. Shipments of palm and kernel oils to India climbed 32 percent to record 7.6 million metric tons in 2017 from a year earlier, according to the Indonesian Palm Oil Association. Exports are ...

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US immigration deal’s chances in Congress slip

Bloomberg Chances for an immigration deal in Congress are dimming as Republicans and Democrats pull further apart and President Donald Trump threatens to walk away from any agreement that doesn’t meet his demands. The House and Senate return this week with only one major item on their agendas: Voting on another short-term spending bill to avoid a government shutdown after ...

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Broadcom mulls boosting Qualcomm bid to $120bn

Bloomberg Broadcom Ltd. plans to raise its bid for Qualcomm Inc. to around $120 billion, according to a person with knowledge of the matter, trying to force its target to come to the table in what would be the largest-ever technology deal. The chipmaker is considering lifting its offer to about $80 to $82 per Qualcomm share, the person said, ...

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UK services slowdown casts cloud over economy

Bloomberg Britain’s services growth weakened more than expected at the start of the year, casting a cloud over the economy following some recent positive figures. IHS Markit’s Purchasing Managers Index fell to 53 in January from 54.2 in December. That’s the lowest since September 2016 and well below the 54.1 economists had forecast. Along with reports showing a slowdown in ...

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Jaguar Land Rover sales in US, Europe weigh on Tata profit

Bloomberg Jaguar Land Rover’s lower sales in the US and Europe pulled down profit at parent Tata Motors Ltd. Net income was $187 million in the quarter through December, Tata Motors said. That compares with the 23.5 billion-rupee average of 15 analysts estimates compiled by Bloomberg. Profit before tax at its Jaguar Land Rover unit fell 25% to $271 million. ...

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Why your modern office is beginning to look like a forest!

Bloomberg The modern office is starting to look more like a Rainforest Cafe than a place of business. Amazon.com Inc.’s new Seattle headquarters has 40,000 plants. Down the coast, every other floor in Samsung’s two-and-a-half-year-old San Jose office space is a garden. Alibaba Group Holding Ltd. wants all employees in its Hangzhou workplace to be no more than a one-minute ...

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US mulls sanctions on Venezuela oil

Bloomberg The US is weighing sanctions on Venezuela’s oil sector, Rex Tillerson said in Argentina, as he continues a South America trip that’s quickly being dogged by President Donald Trump’s threat to cut aid to the countries the Secretary of State is visiting. Tillerson said that during his meetings with Argentina’s leaders he’d raised the possibility of oil sanctions as ...

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Macron heads to Corsica to avert French repeat of Catalonia

Bloomberg Emmanuel Macron doesn’t wa-nt Corsica to turn into France’s Catalonia. The French president on Tuesday begins a two-day visit to the Mediterranean island where a recently elected local administration is making demands for greater autonomy that the national government so far has indicated it can’t accept. French governments have long struggled in their dealings with Corsica, an island of ...

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Turnbull goes Trump-lite to win back votes

Bloomberg Australian leader Malcolm Turnbull has found timely inspiration in his bid to woo back disaffected voters this year: Donald Trump. Turnbull is seeking to draw on the US president’s first key legislative victory that’s handing wide-ranging tax cuts to firms and workers. Trump’s success has given the prime minister confidence to make a renewed push for lower corporate levies, ...

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Paris terror attack suspect refuses to answer court

BRUSSELS / Reuters The prime surviving suspect in the 2015 IS attacks on Paris said he would answer no questions as his trial in Belgium over a shooting that preceded his arrest got under way in Brussels on Monday. Salah Abdeslam, 28, his long black hair and beard a stark contrast to the cropped, clean-shaven young man familiar across Europe ...

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