July, 2017

• 19 July

  Labour’s Corbyn taunts May over cabinet split

  Bloomberg A week of plotting against Theresa May was capped by Labour leader Jeremy Corbyn taunting the British prime minister over the splits in her cabinet in their final encounter before Parliament goes on a summer break. The recess will come as a relief for May after she lost her majority in a botched election gamble that has left the …

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• 19 July

  Iran vows to respond to US sanctions violating N-deal

  

  Bloomberg Iran will respond to any new US sanctions that violate the terms of the nuclear deal with countersteps, President Hassan Rouhani said on Wednesday, If the US wants “to implement sanctions under any pretext or excuse, the Iranian nation will respond accordingly,” he said in comments broadcast on state television. “When it comes to congressional legislation, our parliament will …

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• 19 July

  US Supreme Court rejects Trump on reach of travel ban

  Bloomberg The US Supreme Court dealt a blow to President Donald Trump on his embattled travel ban on Wednesday, rejecting his bid to bar entry by some people with family members already in the country. The 6-3 order by the justices—who last month let the president start restricting entry by people from six mostly Muslim countries—means the government must accept …

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• 19 July

  Struggling Kenyans headache for Kenyatta as polls near

  

  Bloomberg About two-thirds of Kenyans say they’re worse off economically, expressing concerns that should “worry” President Uhuru Kenyatta as he seeks re-election in a vote in three weeks, pollsters Ipsos and US-based John Zogby said. Almost half of the population cite the cost of living and hunger as the most serious problems they grapple with daily, followed by unemployment, Nairobi-based …

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• 19 July

  Germany summons Turkish envoy over ‘detained activist’

  Bloomberg Germany’s Foreign Ministry summoned the Turkish ambassador to demand the immediate release of a German human-rights activist, with Chancellor Angela Merkel’s spokesman calling the detention a “serious and sad” turn for German-Turkish relations. Foreign Minister Sigmar Gabriel returned from a vacation to Berlin to respond to the “dramatic escalation” in the actions of Turkish President Recep Tayyip Erdogan’s government, …

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• 19 July

  Top oil buyer’s demand in peril as OPEC wrestles over output

  

  Bloomberg Oil bulls grappling with OPEC’s weakened resolve to curb output are also having to worry about waning demand in the world’s biggest buyer of overseas crude. State-run China Petroleum & Chemical Corp., the globe’s largest oil refiner, will process about 1 million metric tons a month less than previously planned over June to August, according to people with knowledge …

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• 19 July

  Oil steadies amid mixed signals on US crude inventories

  

  Bloomberg Oil was steady amid mixed signals on US crude invento-ries, with industry data showing supplies increased last week while government statistics were expected to indicate a decline. Futures were little changed in New York after adding 0.8 percent. US inventories rose by 1.63 million barrels last week, according to people familiar with the API data. That contrasts with a …

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• 19 July

  Libya’s rising output a challenge for OPEC, Russia

  

  Bloomberg Libya’s rebounding oil output is undermining the supply curbs masterminded by Saudi Arabia and Russia. But any pleas for the OPEC member to exercise restraint will probably be resisted by the technocrat overseeing the North African nation’s turnaround. Production has climbed to a four-year high of 1.1 million barrels a day, with Libya adding output since April that’s equivalent …

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• 19 July

  Gas lobbies for attention as Perry aims to aid coal

  

  Bloomberg As Energy Secretary Rick Perry considers whether the US should do more keep coal and nuclear power plants online, natural gas producers are trying to ensure they aren’t left in the dark. Lobbyists for the natural gas industry are telling the administration their fuel is just as reliable as coal or nuclear, and that gas-fueled plants have the added …

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• 19 July

  NRG Energy sees buyers circling for renewables unit

  

  Bloomberg NRG Energy Inc. says buyers are hungry for the company’s renewable-energy business as the power generator looks to cut debt and sell assets under pressure from billionaire investor Paul Singer. Almost a week after the largest US independent power producer disclosed that it’s looking to slim down, the company is seeing “robust engagement from a variety of potential co-sponsors …

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