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January 29, 2019 Politics, Uncategorized
Bloomberg Venezuelan leader Nicolas Maduro may wonder whether President Donald Trump is trying to rattle him. On Monday, White House National Security Adviser John Bolton entered a press briefing on new Venezuela sanctions with a yellow legal pad, accidentally — or not —turned to face gathered reporters and photographers. On the pad appeared a hand-written note: “Afghanistan —welcome the talks. ...
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January 29, 2019 Stocks
Bloomberg US equities were mixed following gains in Europe as investors weighed the latest corporate earnings and the chances of a trade breakthrough between the world’s biggest economies. Industrial companies led advances as 3M Co struck an optimistic tone after reporting a profit that beat estimates, while technology stocks dragged on major US indexes. Almost all sectors climbed in the ...
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January 29, 2019 Stocks
Bloomberg Indian stocks fluctuated as investor concerns over the financial vulnerability of local companies emerged ahead of the federal budget this week. Shares in major Asian markets were in the red after their US counterparts retreated on signs of slowing global growth. The S&P BSE Sensex fell 0.2 percent to 35,592.50 at the close in Mumbai after swinging between gains ...
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January 29, 2019 Energy
Bloomberg Laden with 400,000 barrels of Venezuelan oil, the Icaro sits in the azure waters of the Caribbean just off the Dutch island of Curacao. It’s been there more than a month, and it’s not going anywhere until state-owned oil company PDVSA pays its bills. The Icaro has become an unlikely but telling symbol of Venezuela’s woes. And it shows ...
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January 29, 2019 Energy
Bloomberg Adani Gas Ltd surged the most in nearly two months after India’s top court nullified orders restricting its network expansion. Shares jumped as much as 6.8 percent to 94.55 rupees, the biggest intraday gain since December 5, before paring its advance to 3.4 percent in Mumbai. The benchmark NSE Nifty 50 index was little changed. A two-judge Supreme Court ...
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January 29, 2019 International News, Uncategorized
Bloomberg Apple Inc.’s main assemblers are shifting more output to India and Southeast Asia as trade tensions threaten to escalate costs in their longstanding production base of China. Hon Hai Precision Industry Co, known also as Foxconn, said over the weekend it’s investing more than $200 million in India and Vietnam. Smaller rival Pegatron Corp. said it’s moved to Indonesia ...
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January 29, 2019 International News
Bloomberg Sugar millers in India are urging the government to increase the benchmark price of the commodity to help them pay off about $2.7 billion they owe to farmers, according to a person familiar with the matter. The Indian Sugar Mills Association sent a letter to the government asking for the minimum selling price to be raised to 35-36 rupees ...
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January 29, 2019 International News
Bloomberg Allianz Malaysia Bhd has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co, people with knowledge of the matter said. AmGeneral Insurance Bhd’s owners have decided to enter detailed discussions with Allianz on a potential deal, according to the people, who asked not to be identified because ...
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January 29, 2019 International News
Bloomberg Indonesia will seek to sustain the growth in domestic consumption and boost government spending in a bid to shield itself from a spillover of slowing economic growth in China, according to Finance Minister Sri Mulyani Indrawati. The success in maintaining people’s purchasing power and consumption, which accounts for more than 55 percent of Indonesia’s gross domestic product, will determine ...
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January 29, 2019 International News, Uncategorized
Bloomberg Investors locked into holding newly-listed Hong Kong stocks could only watch as last year’s bear market ate away at their returns. The shackles will soon be off. Xiaomi Corp saw a wave of selling after its lockup period — when key investors are banned from selling stock — ended three weeks ago. Similar restriction terms are due to end ...
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