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Venezuela’s Guaido seeks contact with US military

Bloomberg Venezuelan opposition leader Juan Guaido told an emissary to meet with US military officials in a bid to establish “direct” cooperation, a signal he’s warming to the idea of intervention by force after months of failed attempts to topple President Nicolas Maduro. Guaido told supporters during a rally in Caracas that he’s sending his envoy in Washington, Carlos Vecchio, ...

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Malaysian premier gets reprieve in by-election after year of discontent

Bloomberg PM Mahathir Mohamad’s ruling coalition retained a parliamentary seat in a by-election in Borneo, providing him a reprieve amid sliding approval ratings. Pakatan Harapan’s candidate won the Sandakan seat in the state of Sabah by 11,521 votes, according to the Election Commission. The special poll was called after the incumbent, father of Saturday’s victor Vivian Wong, died in March. ...

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Duterte set to gain allies, shut out critics in midterm vote

Bloomberg Philippine President Rodrigo Duterte says he hasn’t lost an election in his three-decade political career. He’s hoping his candidates for the midterm vote on Monday will continue that winning streak as voters assess his three years in office. Even with slowing economic growth and controversial policies including a deadly drug war, the firebrand leader is poised for a majority ...

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Yellow Vests weaker, but hit 6-month mark

Bloomberg France’s Yellow Vest demonstrations drew a lower turnout and drifted away from Paris to smaller cities, suggesting the movement is weakening as it hits the six-month mark. Police estimated 18,600 people took to the streets around France, including 1,200 in the capital, on the movement’s 26th Saturday of protests, AFP reported, citing the interior ministry. Police counted fewer than ...

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Brexit Party leads in UK in EU election poll

Bloomberg The Brexit Party has more support in the UK ahead of this month’s EU elections than the Conservatives and Labour combined, according to an Opinium survey for the Observer newspaper. The party, fronted by Nigel Farage and founded only last month, would take 34 percent of the vote in the May 23 election, compared with 21 percent for Labour ...

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US, China are living in different universes

Have US and Chinese trade negotiators been meeting with each other in recent months, or with bands of convincing impostors? You almost have to ask the question, because media reports about who “broke the deal” over the past week seem to have been filed from two different universes. In a Reuters report and attributed principally to three US government sources, ...

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Singapore spreads the wealth

Singaporeans may be in line for some good news. The central bank’s decision to transfer S$45 billion ($33 billion) to the island’s sovereign wealth fund could push back an increase in the consumption tax. The Monetary Authority of Singapore (MAS) said in a statement that foreign-exchange reserves of S$404 billion are more than it needs to manage the local dollar ...

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UniCredit can’t rely on M&A as a cure-all

Unlike some of his peers, UniCredit SpA Chief Executive Officer Jean Pierre Mustier can’t be faulted for wavering. In his three years on the job, he has sold assets and cut costs to put Italy’s largest bank on a more solid footing. He now faces a much harder task: finding growth. While the headline first-quarter results the lender were the ...

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The UK should accept the ‘net zero’ challenge

The UK has been a leader in the fight against climate change, reducing its carbon dioxide emissions by more than 40 percent from 1990 levels. Now the government’s Committee on Climate Change wants to set a far higher goal: net-zero greenhouse-gas emissions by 2050. Although short of what climate activists in London have lately been demanding, this target is still ...

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Hong Kong’s IPO game slips well behind the US

Hong Kong’s stock exchange is poised to lose its crown as the world’s leading IPO fundraising venue again, and this time there may be no easy way back. The bourse trails in third place behind the Nasdaq and New York exchanges so far this year, having topped the global rankings in three out of four years between 2015 and 2018. ...

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