December, 2017

• 20 December

  India’s Maruti Suzuki set to become next Nifty stock

  Bloomberg Maruti Suzuki India Ltd. is set to become the third stock in an equity index of the nation’s top 50 companies to cross the 10,000-rupee mark, thanks to this year’s record-setting rally. Shares of the carmaker, which accounts for about half of all cars sold in India, rose as high as 10,000 rupees for the first time on Wednesday. …

  Read More »
• 20 December

  Reliance Communications bondholders organise after default

  

  Bloomberg Bondholders of Reliance Communications Ltd., the embattled Indian mobile phone operator controlled by billionaire Anil Ambani, have hired advisers after the company defaulted on its dollar-denominated notes in November. Certain investors holding a significant percentage of the securities have formed a committee, which has appointed PJT Partners Inc. as its financial adviser and Kirkland & Ellis LLP as its …

  Read More »
• 20 December

  US urges Russia to end latest upsurge in East Ukraine attacks

  

  Bloomberg The US urged Russia to halt a renewed bout of fighting in the four-year conflict in eastern Ukraine following the Kremlin’s decision to withdraw from a military-monitoring mission. Ukraine, which has been battling Russian-backed insurgents near the two nations’ border since 2014, said eight civilians were wounded on Tuesday by heavy artillery and mortar fire. Two soldiers were killed, …

  Read More »
• 20 December

  Pro-Spain Catalans to punish Rajoy for ‘timid response’

  

  Bloomberg Mariano Rajoy’s People’s Party is facing substantial losses in Thursday’s Catalan elections as pro-Spain voters punish the prime minister for his cautious response to the push for independence. The PP could lose as many as eight of its 11 seats in the Catalan assembly as voters opposed to secession shift their support to the more hawkish Ciudadanos, according to …

  Read More »
• 20 December

  Italy president signals polls early next year

  

  Bloomberg Italian President Sergio Mattarella signalled he would soon pave the way for national elections early next year, telling political leaders that the parliamentary term was drawing to an end. “Our voice will be the stronger if we create the image of a country which is united, stable, determined, capable of respecting commitments,” the head of state said at a …

  Read More »
• 20 December

  Battle for Canada’s left: Trudeau versus Singh

  Bloomberg Justin Trudeau swept to power in Canada as a fresh face pledging to tax the rich and help the masses. Now a rival has picked up his playbook. Halfway through his mandate, Trudeau’s two main challengers are in place for the 2019 election, each younger than he is. To the political right is Conservative Andrew Scheer, Trudeau’s closest competitor …

  Read More »
• 20 December

  Ramaphosa’s narrow ANC win could delay Zuma ouster

  

  Bloomberg Cyril Ramaphosa’s victory in a grueling battle to lead South Africa’s ruling party may have been the easy part. His narrow win and his allies’ failure to secure three other top posts is likely to delay his ascendancy to the nation’s presidency and plans to revive a stuttering economy. While Ramaphosa won 52 percent of the vote for the …

  Read More »
• 20 December

  What the world can learn from Japan’s factories

  

  Reviving manufacturing has become a prime policy objective for national leaders from Washington to Beijing to New Delhi. We can debate whether chasing factories is worth the effort in the 21st century, but not the difficulty of building and maintaining a robust industrial sector in the face of relentless global competition and technological change. At least one country seems to …

  Read More »
• 20 December

  Barnier’s Brexit line will keep Lloyd Blankfein tweeting

  

  The 75,900 people following Lloyd Blankfein on Twitter have come to expect a regular dose of snarky Brexit commentary from the Goldman Sachs Group Inc. CEO. Like a Zagat guide to euro-zone financial hubs, he has doled out praise to Paris and Frankfurt for its ‘nice weather,’ of course. The UK gets nul points. Blankfein frets he won’t be able …

  Read More »
• 20 December

  Investors double down on flight from coal

  

  Oil faces some new pressures and coal is on the outs. Those were two clear messages in the many energy investments and emissions strategies announced at the recent One Planet Summit in Paris: Consider, for example, these announcements. France’s AXA plans to divest 2.4 billion euros from coal and “completely divest from the oil sands industry and associated pipelines.” ING …

  Read More »