November, 2019

• 17 November

  Spain’s Iberdrola targets Asia-Pacific growth with foray into Australia

  

  Bloomberg Spain’s Iberdrola SA has selected a site for its first project in the Asia-Pacific region, as Europe’s biggest renewable generator looks to expand beyond its core markets. The Bilbao-based company seeks to start a 320-megawatt hybrid wind and solar plant in South Australia in 2021, kicking off planned investments of about $340 million in the country’s renewables sector, it ...

  Read More »
• 17 November

  Amazon antitrust complaint filed in US gets EU attention

  

  Bloomberg Amazon.com Inc’s big push into logistics is getting scrutiny from European Union (EU) antitrust regulators who asked the US to share an online merchant’s complaint against the retail giant, according to documents reviewed by Bloomberg and two people familiar with the matter. The online merchant accused Amazon of rewarding those who pay for the company’s warehousing, packing and delivery ...

  Read More »
• 17 November

  Reynolds Wrap maker files for IPO in US

  Bloomberg Reynolds Consumer Products Inc, the maker of Reynolds Wrap aluminum foil and Hefty trash bags, has filed for a US initial public offering. The company has hired Credit Suisse Group AG, JPMorgan Chase & Co and Goldman Sachs Group Inc for the share sale. The $100 million registration amount listed on the documents is a placeholder used to calculate ...

  Read More »
• 17 November

  Polls may be least of UK investors’ woes

  

  Bloomberg With all the focus on getting the positioning right for next month’s UK election, investors may be overlooking bigger threats beyond. Even as optimism grows that Prime Minister Boris Johnson’s party will win the vote and see through a market-friendly Brexit deal, a floundering economy and the prospect of fraught trade talks with the European Union (EU) are unnerving ...

  Read More »
• 17 November

  US retirement fund okays China investment amid threat

  

  Bloomberg The board that oversees retirement savings for US government employees will allow one of its funds to invest in an international index that includes Chinese companies, despite the threat of legislation from lawmakers who say the investments will undermine national security and contribute to China’s economic and corporate growth. The Federal Thrift Retirement Investment Board finalised the decision in ...

  Read More »
• 17 November

  Italy’s industrial engine sputters on German economic malaise

  

  Bloomberg The tremors from Germany’s downturn are reverberating in Italy — particularly in the country’s industrial heartland. Companies big and small in the prosperous northern regions have been hit by declining sales as Europe’s largest economy buckles under a manufacturing slump. That’s a problem for Italy’s government, desperate to boost its own economic growth to help it get control of ...

  Read More »
• 17 November

  Venezuelans march in biggest anti-Maduro protest in months

  

  Bloomberg Supporters of Juan Guaido staged their biggest protest in Caracas in months as Venezuela’s opposition leader seeks to revive his campaign to oust president Nicolas Maduro. A week after Maduro’s ally Evo Morales was toppled in Bolivia, Guaido is seeking to boost thinning crowds that have grown apathetic since a botched uprising in April failed to remove Maduro. “I’m ...

  Read More »
• 17 November

  Lebanese tycoon pulls candidacy for premier

  

  FILED – 03 November 2019, Lebanon, Beirut: Protestors shout slogans and wave national flags during an anti-government protest in downtown Beirut. Demonstrators took the streets across Lebanon to protest against the government for the 18th consecutive day. Photo: Marwan Naamani/dpa[/caption Bloomberg Mohammed Safadi, a wealthy Lebanese businessman and former finance minister, has withdrawn his name as a candidate for prime ...

  Read More »
• 17 November

  South Korea, Japan discuss extension of military pact

  Bloomberg The defense chiefs of South Korea and Japan discussed a potential extension of their bilateral military intelligence-sharing pact at a meeting in Bangkok, but only at an “in principle” level, Yonhap reported. “We talked about it only at a theoretical level,” South Korean Defense Minister Jeong Kyeong-doo was quoted by Yonhap as saying. He was speaking to reporters in ...

  Read More »
• 17 November

  Rajapaksa wins Sri Lanka presidential polls

  

  Bloomberg A family of strongmen who tilted Sri Lanka towards a deep reliance on China clinched victory in a tightly-fought presidential election, as voting showed the country remains divided down ethnic lines. Gotabaya Rajapaksa won 52.3% of the votes, while ruling alliance candidate Sajith Premadasa had 42% at the final count, according to the Election Commission of Sri Lanka. There ...

  Read More »