November, 2019

• 16 November

  Orange working on Africa IPO

  Bloomberg Orange SA, France’s dominant phone company, is starting preparations for a potential initial public offering of its Africa and Middle East unit, people familiar with the matter said. The firm has been interviewing advisers for the planned share sale, according to the people, who asked not to be identified because the information is private. Orange is weighing potential listing ...

  Read More »
• 16 November

  Germany likely to impose 5G ban on Huawei

  

  Bloomberg German Chancellor Angela Merkel is coming under pressure from her own party to impose an outright ban on Chinese equipment supplier Huawei Technologies Co from the country’s 5G network. The demand is part of a motion signed by 500 of her fellow Christian Democrats to be presented at the party conference next week, according to a copy obtained by ...

  Read More »
• 16 November

  Uber shares have potential to double: Barclays analyst

  

  Bloomberg Uber Technologies Inc has been on the wrong side of investor sentiment since its debut on the public market this year, and Barclays analyst Ross Sandler said the ride-hailing company could be “one major announcement” away from a change in the narrative. Shares of the company came under significant pressure around the expiry of its IPO lockup period — ...

  Read More »
• 16 November

  FDA nod for Chinese cancer drug in US

  Bloomberg The US Food and Drug Administration (FDA) has granted approval to a blood cancer drug from Beijing-based BeiGene Ltd, paving the way for American patients to access a Chinese cancer therapy for the first time. The accelerated approval — ahead of even China’s own national drug regulator — marks a breakthrough for the growing legion of Chinese biotech companies ...

  Read More »
• 16 November

  Sri Lanka’s strongmen seek comeback in presidential vote

  

  Bloomberg Sri Lanka’s 16 million voters were expected to decide on Saturday whether to return to power a family of strongmen that took the nation towards a deep reliance on China or extend the rule of the current government that promises more freedom but failed to avert terror attacks that killed over 250 people in April. Gotabaya Rajapaksa, 70, whose ...

  Read More »
• 16 November

  ‘US defense-cost hike hurts S Korea alliance’

  

  Bloomberg Democratic Representative Grace Meng said President Donald Trump is destabilising the US’s relationship with South Korea by demanding the Asian country pay a greater share of military costs. Defense Secretary Mark Esper said in South Korea that Seoul needed to contribute more towards the cost of hosting US troops. President Donald Trump has demanded the Asian nation pay about ...

  Read More »
• 16 November

  Bolivia expels ‘diplomats’ in foreign policy shift

  

  Bloomberg Bolivia’s new government has only been in power for three days, yet it’s already turned the nation’s foreign policy on its head, transforming former allies into enemies, and former enemies into friends. The government of interim leader Jeanine Anez is cutting the nation’s close ties with socialist nations such as Venezuela and Cuba, and re-aligning the country’s foreign policy ...

  Read More »
• 16 November

  Trump pardons soldiers accused of war crimes

  

  Bloomberg President Donald Trump granted clemency to two Army officers, one of whom is in prison after being convicted in the killing of two men in Afghanistan. Trump signed an order that gave a full pardon to Lieutenant Clint Lorance, who had ordered soldiers under his command to open fire on three men who were moving towards them on a ...

  Read More »
• 16 November

  Ukraine envoy testimony on campaign draws fire from Trump

  

  Bloomberg The former US ambassador to Ukraine faced down the president she still serves with a scathing account of how Donald Trump was played by corrupt actors eager to get her fired and expose American policy to political manipulation. Less than an hour after ambassador Marie Yovanovitch began testimony before the House impeachment inquiry, Trump weighed in with a tweet ...

  Read More »
• 16 November

  Fed warns low rates could spark financial instability

  

  Bloomberg Continuing low interest rates could dent US bank profits and push bankers into riskier behaviour that might threaten the nation’s financial stability, the Federal Reserve said in a report. The latest version of the twice-yearly report, meant to flag stability threats on the Fed’s radar, highlighted the rate squeeze facing banks and insurers, noting that it could erode lending ...

  Read More »