April, 2016

• 28 April

  Tata says no deadline for UK steel ops sale as losses continue

    Bloomberg Tata Steel Ltd. said that while it has no fixed deadline to sell its ailing U.K. steel operations, it must act quickly to stem losses. “Urgency is important,” Bimlendra Jha, chief executive officer of the company’s U.K. business, told a committee of U.K. lawmakers on Thursday. “We cannot continue to bleed.” Tata Steel said last month that it ...

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• 28 April

  Companies lose top EU court fight over free carbon allowances

  

    Bloomberg Exxon Mobil Corp., Dow Chemical Co. and OMV AG lost a court challenge to a European Union decision to cut the number of free emission permits they receive under the region’s carbon market, the bloc’s highest court ruled on Thursday. But the EU Court of Justice in Luxembourg delayed the implementation of its ruling by 10 months so ...

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• 28 April

  Federal Reserve leaves door open for June rate increase

  

    Bloomberg Federal Reserve policy makers left open the door to raising interest rates in June by nodding to improvement in global financial markets and downplaying recent weakness in the U.S. economy. The Federal Open Market Committee omitted previous language that “global economic and financial developments continue to pose risks,” instead saying officials will “closely monitor” the world situation, according ...

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• 28 April

  Bread king paces Mexico’s biggest profit surprise in two years

  

    Bloomberg Mexican corporate profits are exceeding analyst estimates by the most in at least two years as consumer spending buoys Latin America’s second-biggest economy. Grupo Bimbo SAB, the world’s largest bread maker, and Wal-Mart de Mexico SAB, the nation’s biggest retailer, were among the companies that posted first-quarter earnings that beat forecasts as local shoppers boost revenue. Companies in ...

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• 28 April

  Tapping into Brazil’s stock rally without taking on all the risk

  

    Bloomberg Anyone who’s ventured into Latin American equity markets in the past year knows that doing so during times of political turmoil requires a healthy appetite for risk. Stock indexes in Peru and Brazil are posting the world’s biggest gains this year, but they’re also among the most volatile. There’s another way to ride the rally, minus the whiplash: ...

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• 28 April

  Venezuela needs oil’s rally more than anyone as economy teeters

  

    Bloomberg Few countries need oil’s rally to last more than Venezuela, where the economy’s expected to shrink 8 percent this year and a lack of petrodollars has seen shops run short of consumer goods. The Latin American nation with the world’s largest oil reserves relies on crude shipments for 95 percent of export revenue. It will default this year ...

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• 28 April

  Trump’s ‘woman’s card’ comment sparks uproar

  

    ATLANTA / AP Republican presidential candidate Donald Trump’s claim that Hillary Clinton is playing “the woman’s card” has drawn intense backlash, from the Democratic front-runner herself as well as tens of thousands of critics on social media. “If fighting for women’s health care and paid family leave and equal pay is playing the ‘woman card,’ then deal me in,” ...

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• 28 April

  India asks Britain to deport biz tycoon

  

    New Delhi / AP India’s foreign ministry said on Thursday it has asked Britain to deport the embattled former airline boss Vijay Mallya, who faces a money laundering investigation. Mallya, a part-owner of the Force India Formula 1 team who used to run a liquor empire, left India on March 2 owing more than $1 billion and is believed ...

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• 28 April

  Serbia poll results on hold after PM, oppn complain

    Belgrade / AFP Serbia’s electoral commission has asked some voters to recast their ballots after both opposition groups and powerful Prime Minister Aleksandar Vucic, who won by a landside, disputed the regularity of the weekend polls. The repeat votes at 15 polling stations, likely to take place next week, mean the final results of Sunday’s general election will not ...

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• 28 April

  Indonesia to host ‘security talks’

  

    Jakarta / AFP Indonesia hopes next week to secure an agreement with Malaysia and the Philippines on conducting joint military patrols on the high seas where militants have been on a kidnapping spree, an official said on Thursday. The plight of hostages held by the Abu Sayyaf militant group could also be on the agenda when the foreign ministers ...

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