September, 2019

• 17 September

  Rice excluded in initial trade deal US, Japan aim to sign

  

  Bloomberg US rice growers won’t get increased sales under the current terms of a trade deal agreed by President Donald Trump and Japanese Prime Minister Shinzo Abe, people familiar with the accord said. While there are still details to be finalised, the people said there won’t be any expansion of Japan’s quotas for US-grown rice. US producers hope the issue ...

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• 17 September

  China Gold hunting for deals worth $2 billion

  

  Bloomberg China Gold International Resources Corp, the overseas arm of state-owned China National Gold Group, is on the hunt for acquisitions to replenish its pipeline as deal-making in the sector heats up thanks to a jump in the metal’s price. “We need more pipeline, especially in gold production,” Jerry Xie, executive vice president, said in an interview on the sidelines ...

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• 17 September

  S’pore property trust IPOs surge to 6-year high

  Bloomberg Singapore real estate investment trusts are on a money-raising spree. Lendlease Global Commercial REIT began taking investor orders on Tuesday for an initial public offering that could raise as much as S$740.3 million ($538 million) in what would be Singapore’s third-largest IPO this year. REITs have raised $1.63 billion in Singapore IPOs so far this year, the highest since ...

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• 17 September

  MTR train derails in Hong Kong, 8 injured

  

  Bloomberg An MTR Corp train derailed in Hong Kong, dealing a fresh blow for the subway operator that has become a target and battleground in the anti-Beijing demonstrations rocking the city. The incident, which occurred on Tuesday morning and injured eight people, involved three carriages that went off track and prompted the company to suspend trains running between Hung Hom ...

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• 17 September

  A $45 billion bet on Modi’s India is rapidly unwinding

  

  Bloomberg Global investors are starting to fall out of love with Narendra Modi. After pouring $45 billion into India’s stock market over the past six years on hopes that Modi would unleash the country’s economic potential, international money managers are now unwinding those wagers at the fastest pace on record. They’ve sold $4.5 billion of Indian shares since June, on ...

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• 17 September

  Investors prefer Berlin over Beijing for ‘spending’

  Bloomberg Global fund managers say German fiscal stimulus would be a greater boon to risk assets than infrastructure spending in China or aggressive central-bank policies. Uncertainty from the US-China trade war and perceived monetary-policy impotence are increasingly placing the onus on fiscal policy, according to a recent investor survey conducted by Bank of America Merrill Lynch. Yet market participants are ...

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• 17 September

  Robot man, TV mogul prevail as Tunisia rages against system

  

  Bloomberg A low-profile law professor and a jailed media tycoon secured the top spots in Tunisia’s landmark presidential vote, routing veteran politicians in a rejection of the status quo in the birthplace of the Arab Spring. Kais Saied, a constitutional law professor, secured 18.4 percent of the vote while Nabil Karoui, the owner of a TV channel who’s detained on ...

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• 17 September

  Sanctions won’t help HK as Wong meets Congress, says Lam

  

  Bloomberg Hong Kong leader Carrie Lam said sanctions would only complicate the city’s problems as prominent local activist Joshua Wong gets set to address US lawmakers who are considering changes to special trade privileges for the financial hub. “I uphold this principle of accountability, but at the moment it is all for us to see that Hong Kong is undergoing ...

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• 17 September

  US readying ‘evidence’ in Saudi attacks

  

  Bloomberg The Pentagon is preparing a report on who was responsible for the weekend attack on Saudi oil facilities and intends to make it public within 48 hours, a US defense official said. The official couldn’t confirm or deny a CBS News report that the US has identified locations in southern Iran from which it believes more than 20 drones ...

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• 17 September

  South Sudan may plunge back into conflict, says UN

  

  Bloomberg South Sudan, where warring parties agreed to end five years of conflict, could return to bloodshed despite recent commitments by its leaders to form a power-sharing government, the United Nations warned. Both armed opposition groups and the government are forcibly recruiting children in Juba and Western Bahr el Ghazal, and in Greater Bahr el Ghazal, respectively, according to Yasmin ...

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