August, 2019

• 18 August

  Wiped out again, Argentina bulls sift through the ashes

  

  Bloomberg There are sell-offs and there are sell-offs. But what occurred in Argentina is on a scale of its own. The local stock market tanked 45% in dollar terms and bond prices tumbled 34% after a surprise in the primary election on August 11 that was widely seen as foretelling a victory for the opposition populists when the presidential vote ...

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• 18 August

  US-Mexico tomato trade war facing crucial deadline

  

  Bloomberg A key deadline is set to lapse on Monday that could lead to permanent US tariffs on Mexican tomato imports, with costs potentially hitting American consumers when the weather turns cold later this year. As of last week, the two sides had failed to reach an agreement to end an anti-dumping investigation over Mexican tomato imports and lift a ...

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• 18 August

  UK faces fuel, food shortages, port delays post-Brexit: Report

  

  Bloomberg The UK will grapple with a shortage of fuel, food and medicine as well as job losses and a disruption at its ports of as long as three months with a no-deal Brexit, the Sunday Times reported, citing leaked government documents. The dossier called “Operation Yellowhammer,” prepared by the cabinet office, also warned that the supply of fresh food ...

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• 18 August

  Tesla set to launch solar roof business in Europe next year

  

  Bloomberg Tesla Inc. will bring its solar technology business to Europe next year, Chief Executive Officer Elon Musk wrote on Twitter. Tesla Solar uses roof tiles with solar cells embedded inside to allow people’s homes to convert sunlight into electricity. Musk announced a re-launch of the design on Sunday, which he says could save $500 a year in utility bills ...

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• 18 August

  Shopify success puts spotlight on next tech stars

  

  Bloomberg Shopify Inc.’s scorching rally and Lightspeed POS Inc.’s successful trading debut this year are throwing the spotlight on who might be the next Canadian tech star to go public. A total of C$1 billion ($751 million) was invested in 142 venture capital deals in the first quarter, up 48% from a year earlier, according to the Canadian Venture & ...

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• 18 August

  IS claims responsibility for Kabul bombing that killed 63

  

  Bloomberg An IS affiliate said it was responsible for a suicide bombing attack at a wedding hall in Afghanistan’s capital that killed 63. More than 180 others were injured in the attack, which took place at 10:40 pm in the western part of Kabul, Nasrat Rahimi, a spokesman at the Interior Ministry, said by phone on Sunday. There were about ...

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• 18 August

  Houthis appoint first ambassador to Iran

  

  Bloomberg Yemen’s Houthi rebel government appointed its first ambassador to Iran, days after a delegation met Iran’s supreme leader Ali Khamenei in Tehran, the rebel-held Saba news agency. The appointment of Ibrahim Mohammed Al-Dailami is meant to boost ties between Yemen and Iran, the rebel ­­­said on TV. Al-Houthi said the relationship with Tehran will be better than it was ...

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• 18 August

  Gibraltar says can’t seek court order detaining tanker for US

  Bloomberg The Government of Gibraltar says European Union regulations don’t allow it to seek a court order to seize a tanker which the US accuses of breaching its sanctions by exporting Iranian oil. The US issued a warrant to seize the supertanker, which has been detained by the UK and Gibraltar since July, on suspicion of hauling Iranian oil to ...

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• 18 August

  Johnson to raise Brexit stakes in Berlin, Paris

  

  Bloomberg Boris Johnson will travel to Germany and France this week to make clear that Britain is leaving the European Union on October 31 with or without a deal. The prime minister will tell German Chancellor Angela Merkel and French President Emmanuel Macron that the EU must offer a new deal or face Britain leaving the bloc without one. The ...

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• 18 August

  Spain offers to receive ‘Open Arms’ migrants

  

  Bloomberg Spain’s government will make available the southern port of Algeciras to receive the migrant rescue ship Open Arms given the refusal by Italy to allow it to dock. Acting Prime Minister Pedro Sanchez is taking the step given the “emergency situation” facing the Spanish vessel with more than 100 migrants off the Italian island of Lampedusa, his government said ...

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