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March 10, 2018 Politics
Bloomberg Slovakia’s ruling parties prepared to respond after tens of thousands of people took to the streets in the biggest protests since the fall of the Iron curtain, calling on PM Robert Fico’s government to step down over a failure to fight corruption. The biggest crisis faced by the three-time premier’s government, triggered by the murder of an investigative journalist ...
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March 10, 2018 Politics
Reuters Britain and Saudi Arabia want to strengthen a United Nations inspection regime for ships headed to Yemen, the Britishforeign minister said after meeting his Saudi counterpart in London. “Today we have agreed to strengthen the UN inspection of shipping in order to ensure that all Yemeni ports remain open to the humanitarian and commercial supplies that Yemen’s people so ...
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March 10, 2018 Politics
Bloomberg House and Senate negotiators aim to introduce a $1.2 trillion spending bill by Wednesday to avoid potentially messy battles that forced partial government shutdowns in January and February, according to members and aides involved in the talks. Three major obstacles remain: funds for the $12.9 billion Gateway commuter railroad tunnel under the Hudson River between New Jersey and New ...
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March 10, 2018 Politics
Bloomberg The Republican chairman of the House Oversight Committee criticised the Trump administration’s response to questions about its vetting and security clearance process following a series of controversies about staff with access to the country’s most classified information. Representative Trey Gowdy’s spokeswoman on the committee, Amanda Gonzalez, said that a five-paragraph letter sent to the committee by White House Director ...
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March 10, 2018 Opinion
The controversy over President Trump’s proposed tariffs on imports of steel (25%) and aluminum (10%t) is less about economics than ego — Trump’s ego. Frustrated by special counsel Robert Mueller’s investigation and the reported chaos in the White House, the president, it seems, had to show who’s boss and who’s driving events. Hence, his broadside attack against many traditional US ...
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March 10, 2018 Opinion
It’s becoming all too easy to throw accusations at Chinese companies, especially when trade and political tensions rise. You know the refrain: They’re just copycats of US counterparts, ripping off larger rivals and protected by trade barriers such as censorship and investment laws. Frankly, this is an intellectual crutch. Witness the overuse of descriptive cliches — X, the Netflix of ...
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March 10, 2018 Opinion
Three down, one to go. Fire sales aren’t usually associated with handsome profits; lucky for HNA Group Co. that its asset hoard includes Hong Kong real estate. The indebted Chinese conglomerate has sold the third of four plots of land bought just over a year ago to local developer Wheelock & Co. for HK$6.36 billion ($811 million), the latest step ...
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March 10, 2018 Opinion
The most significant trade story of the year might be happening about 5,000 miles from Donald Trump. Trump is pressing ahead with tariffs on steel and aluminum imports, widely seen as typical of America’s retreat from the global order the US had underwritten since 1945. Considering moves like tariffs and his threat to Nafta and Brexit, it can seem that ...
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March 10, 2018 Opinion
Hoping to jump-start its “Make in India†manufacturing push, India’s government has rolled out the welcome mat for foreign investors. It should consider doing the same for global bond buyers. Indian bonds are, at the moment, suffering a full-scale rout. On Monday, yields on benchmark 10-year government debt—called the “G-sec†rate in India—continued their slow creep upwards to 7.78%. Many ...
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March 10, 2018 Opinion
The private equity industry has had its struggles in achieving gender balance just like the rest of Wall Street. But it has the most incentive to do so. Private equity firms struck about $120 billion of buyout deals for US companies last year, according to data compiled by Bloomberg based on pending and completed transactions. Leading the charge were takeovers ...
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