November, 2019

• 20 November

  Ex-JPMorgan banker’s currency-rigging case to go to jury

  

  Bloomberg A federal jury in New York is set to start mulling the fate of former JPMorgan Chase & Co banker Akshay Aiyer, who is accused of conspiring with traders at other banks to eliminate competition by manipulating currency markets and boost their own profits. Over more than two weeks, prosecutors presented evidence highlighted by testimony from former Citigroup Inc ...

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• 20 November

  Hungary keeps key rates unchanged

  

  Bloomberg Hungary’s central bank left its monetary policy setup unchanged, ignoring a depreciation in the forint and a surge in core inflation in one of the European Union’s fastest-growing economies. The central bank, which has pledged to make substantial adjustments only on a quarterly basis, left the overnight deposit rate at -0.05%, matching economists’ predictions. It also left the parametres ...

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• 20 November

  Encana investor blasts ‘discriminatory’ US plan

  

  Bloomberg One of the largest Encana Corp shareholders says the oil and natural gas producer’s plan to move to the US is “highly discriminatory” against Canadian investors. Letko, Brosseau & Associates Inc, which has a stake of about 4%, will vote against Encana’s plan to relocate to the US, the investor said in a statement. The Montreal-based firm says the ...

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• 20 November

  California deepens fight against fossil fuel with new drilling ban

  

  Bloomberg California intensified its battle against fossil fuels by seeking independent reviews of all pending hydraulic fracturing permits and halting approvals of a key production technique in an area that has pumped crude for more than a century. Governor Gavin Newsom ordered regulators to assess the safety of high-pressure steamflooding, a production process that has been linked to recent oil ...

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• 20 November

  New Jersey doubles down on offshore wind power

  Bloomberg New Jersey Governor Phil Murphy is doubling his state’s offshore wind power goal as he competes with New York and elsewhere to jump start an industry expected to create thousands of jobs. New Jersey plans to install 7.5 gigawatts of offshore wind by 2035, up from a previous target of 3.5 gigawatts by 2030. It will be enough for ...

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• 20 November

  Australian mine pioneers off-grid wind, solar power

  Bloomberg An isolated gold mine in Western Australia plans to become the first in the country to get its power from combined wind and solar generation on site, as projects increasingly look to co-locate the two technologies as a way to overcome intermittent renewable power. Stage one of the hybrid renewable project at Gold Fields Ltd’s Agnew mine, located nearly ...

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• 20 November

  Mexico’s clean energy switch spurs ‘backlash’

  Bloomberg Sweeping changes to Mexico’s clean energy regulations by president Andres Manuel Lopez Obrador’s administration has sparked a legal backlash from the industry. In October, Mexico’s energy ministry said it would grant older, government-run projects the same energy certificates — known as CELs — as the new projects the certificates were designed to support. Now, clean energy companies representing 14 ...

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• 20 November

  US Senate passes bill backing HK protests, draws China’s ire

  

  Bloomberg The US Senate unanimously passed a bill aimed at supporting protesters in Hong Kong and warning China against a violent suppression of the demonstrations — drawing a rebuke from Beijing. China reiterated on Wednesday a threat to impose unspecified retaliation if the bill became law and urged the US to stop meddling in Hong Kong affairs. Separately, the city’s ...

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• 20 November

  Sri Lankan PM to quit after presidential loss

  

  Bloomberg Sri Lanka’s prime minister Ranil Wickremesinghe has decided to resign, state-run Daily News reported, days after his party’s candidate lost the country’s bitterly contested presidential poll and allowing newly-elected president Gotabaya Rajapaksa to choose a replacement. The Daily News didn’t say whether Wickremesinghe, who leads the United National Party and the ruling coalition, took the decision in order to ...

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• 20 November

  Referendum tests Ethiopia’s ability to hold peaceful polls

  Bloomberg Ethiopia’s ethnic Sidama began voting in a referendum on whether to create a new regional state, the first of what’s expected to be a series of demands for more autonomy. The plebiscite will test whether the Horn of Africa nation can hold a general election scheduled for next year peacefully. The outcome will provide an indication of whether the ...

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