June, 2019

• 10 June

  Trump: US to raise tariffs if Xi won’t meet at G-20

  

  Bloomberg US President Donald Trump threatened to raise tariffs on China again if President Xi Jinping doesn’t meet with him at the upcoming Group of 20 summit in Japan. Trump was asked in an interview with CNBC on Monday whether tariffs on about $300 billion in Chinese goods would be enacted immediately if there’s no meeting at the summit later ...

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• 10 June

  UAE, Irena sign supplementary accord to HQ pact

  ABU DHABI / WAM The UAE and the International Renewable Energy Agency (Irena), on Monday, signed a supplementary agreement to the headquarters agreement that was signed in 2012 on hosting the Agency’s permanent headquarters in the UAE capital. The new document outlines the specific conditions governing the occupancy by Irena of its headquarters premises Dr Thani bin Ahmed Al Zeyoudi, ...

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• 10 June

  Investcorp buys 11 US properties for $370m

  

  BAHRAIN / WAM Investcorp announced that it acquired 11 new US multifamily properties. The portfolio totals 2,615 units for a combined purchase price of approximately $370 million. The acquisition marks Investcorp’s largest US real estate portfolio acquisition co- mpleted in the past decade. “This diversified acquisition marks very exciting milestone for our real estate investment team as this is the ...

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• 10 June

  Plastic-trash crisis puts oil firms’ lifeline at risk

  

  Bloomberg As the world strives to wean itself off fossil fuels, oil companies have been turning to plastic as the key to their future. Now even that’s looking overly optimistic. The global crackdown on plastic trash threatens to take a big chunk out of demand growth just as oil companies sink billions into plastic and chemicals assets. Royal Dutch Shell ...

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• 10 June

  S Africa sued over air pollution from Eskom and Sasol

  

  Bloomberg South Africa’s government is being sued for failing to crack down on some of the world’s worst air pollution emitted by power plants operated by Eskom Holdings SOC Ltd. and refineries owned by Sasol Ltd. The case was filed in the Pretoria High Court by groundWork, an environmental-rights organisation, and the Vukani Environmental Justice Movement in Action, according to ...

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• 10 June

  Citi: Russia may be testing US gas nerve with Europe push

  

  Bloomberg Russia’s strong natural gas shipments to Europe may be an attempt to test the resilience of US exporters, according to Citigroup Inc. Shipments this year from Russia have helped boost European gas storage to near full capacity and exace- rbated the regio- n’s oversupply, the bank’s analysts including Ed Morse wrote in a June 9 report. One motivation for ...

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• 10 June

  Stocks advance, bonds slide following Mexico trade relief

  

  Bloomberg US equity futures advanced on Monday together with stocks in Europe and Asia after President Donald Trump suspended plans for punitive tariffs on Mexican imports. Sovereign bonds fell across the board, along with gold and the yen, as demand for havens ebbed. Stock markets rose in much of Europe, though several exchanges including Germany’s closed for a holiday. Shares ...

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• 10 June

  Software firms pace India stocks rally as rupee’s fall continues

  

  Bloomberg Indian equities advanced, driven by shares of software exporters as the rupee headed for a fall for the third straight day. Banks and financial stocks indexes, which initially advanced after the central bank eased bad-debt rules, retreated. The benchmark S&P BSE Sensex climbed 0.4 percent to 39,784.52 at the close in Mumbai, paring a gain of as much as ...

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• 10 June

  Russia stock market hits highest level since 2014

  Bloomberg It has taken five years but Russian stocks have sprung back to levels they traded in 2014 before a meltdown sparked by US sanctions, oil-price collapse and a rocky float of the ruble had erased half of their value. The RTS Index, a dollar-denominated equivalent of the benchmark MOEX Russia Index, rose 0.5 percent on Monday after closing at ...

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• 10 June

  BOJ has enough ammunition, wary of side effects: Kuroda

  

  Bloomberg The Bank of Japan (BOJ) can deliver bigger monetary stimulus if necessary, but needs to take care with its side effects on the financial system, said Governor Haruhiko Kuroda. The BOJ will ease further if momentum towards its 2 percent inflation target is lost, Kuroda said in an interview with Bloomberg TV’s Kathleen Hays in Fukuoka, Japan, where central ...

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