November, 2017

• 14 November

  Anil Ambani’s RCom defaults in India test

  Bloomberg The first default on US dollar bonds by an Indian company in 15 months may become a closely-watched test case for how international creditors will fare under the country’s new bankruptcy laws. Reliance Communications (RCom), the Indian mobile phone operator controlled by Anil Ambani, failed to pay a coupon on its 2020 dollar notes before the expiry of a …

  Read More »
• 14 November

  Germany puts EU economy for best growth in years

  

  Bloomberg The euro-area economy maintained its solid pace of expansion in the third quarter, keeping it on track for its best annual performance in a decade. Gross domestic product rose 0.6 percent in the period, unchanged from a flash estimate, the European Union’s statistics office said on Tuesday. In Germany, the region’s largest economy, expansion accelerated to 0.8 percent, while …

  Read More »
• 14 November

  Vodafone boosts outlook as data hungry users ditch Wi-Fi

  

  Bloomberg Vodafone Group Plc reaped a payoff from its network build-out in Europe, taking the rare step of raising its profit forecast as customers choose costlier data plans. The shares rose after the carrier almost doubled its outlook for earnings growth and reported second-quarter results that beat expectations on strength in most markets. Vodafone is benefiting as consumers opt for …

  Read More »
• 14 November

  UK inflation holds at 3 percent as cheaper fuel offsets rising food prices

  

  Bloomberg UK inflation held at a 5 1/2-year high in October, as cheaper auto fuel offset the rising cost of food. Consumer prices rose 3 percent from a year earlier, the Office for National Statistics said on Tuesday. Economists had expected inflation to accelerate to 3.1 percent. It means Bank of England Governor Mark Carney has been spared having to …

  Read More »
• 14 November

  Ads soon may stalk you on TV like they do on your Facebook feed

  

  Bloomberg Targeted ads that seem to follow you everywhere online may soon be doing the same on your TV. The Federal Communications Commission (FCC) is poised to approve a new broadcast standard that will let broadcasters do something cable TV companies already do: harvest data about what you watch so advertisers can customise pitches. The prospect alarms privacy advocates, who …

  Read More »
• 14 November

  US court lets Trump travel ban go partially into effect

  

  WASHINGTON / Reuters A US appeals court in California let President Donald Trump’s latest travel ban go partially into effect, ruling the government can bar entry of people from six Mus- lim-majority countries with no connections to the United States. A three-judge panel of the San Francisco-based 9th US Circuit Court of Appeals partially granted a Trump administration request to …

  Read More »
• 14 November

  Iran ends earthquake rescue works as death toll rises to 530

  

  ANKARA / Reuters Iranian officials called off rescue operations, saying there was little chance of finding more survivors from the earthquake that shook parts of western Iran on Sunday, killing at least 530 people, media said on Tuesday. Survivors, many left homeless by the 7.3 magnitude earthquake that struck villages and towns in a mountainous area bordering Iraq, battled overnight …

  Read More »
• 14 November

  Brazil plans cabinet shuffle as ally heads to exit

  

  Bloomberg Brazilian President Michel Temer is planning a cabinet shakeup to rebuild support for his proposed pension overhaul after the largest ally moved closer to abandoning his government. Cities Minister Bruno Araujo, from the Brazilian Social Democracy Party, or PSDB, handed in his resignation, citing the lack of party support as the reason for his departure. Temer himself considers the …

  Read More »
• 14 November

  UK lawmakers to face stark choice to vote on Brexit

  Bloomberg UK lawmakers will get a take-it-or-leave-it vote on the final Brexit deal, with their choices limited to accepting the agreement or voting for a chaotic crashing out of the block. And if the government fails to reach a deal, the UK will leave without consulting Parliament, Brexit Secretary David Davis said. The twin announcements provoked jeers in Parliament as …

  Read More »
• 14 November

  Dual-nationality crisis claims eighth Australian lawmaker

  

  Bloomberg A dual-citizenship crisis roiling Australian politics has claimed its eighth lawmaker, with independent Senator Jacqui Lambie resigning after revealing she contravened the constitution. “I probably should have been a bit smarter and checked that citizenship stuff,” Lambie, 46, told reporters in Canberra after it was confirmed she inherited British citizenship from her Scottish-born father. “I don’t know who feels …

  Read More »