July, 2019

• 27 July

  Yahoo Japan, Askul clash over ‘stake sale’

  

  Bloomberg Askul Corp plans to exercise its right to demand Yahoo Japan sell its 45 percent stake, escalating a public dispute between two major Japanese internet companies. CEO Shoichiro Iwata said he intends to propose the move at a board meeting scheduled for August 1. Whether the online retailer can force a sale hinges on the interpretation of an agreement ...

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• 27 July

  China’s industrial profits decline

  Bloomberg Profits at China’s industrial companies decreased, highlighting the headwinds faced by the world’s second-largest economy. Industrial firms’ profits fell 3.1 percent in June from a year earlier, the National Bureau of Statistics said. Changes to how the data has been collected have made economists question the accuracy of the release. China’s economic growth slowed to its weakest pace since ...

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• 27 July

  India deploys military to rescue 700 from train

  Bloomberg India deployed airforce helicopters and teams from its navy to rescue passengers stranded aboard a train stalled by heavy rainfall and floods about 60 kilometers east of Mumbai. The Mumbai-Kolhapur Mahalaxmi Express was held up since 3 a.m. local time with 700 passengers on board, India Today reported. “Following the incessant rains over the last 24 hours in Mumbai ...

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• 27 July

  T-Mobile’s Sprint agreement faces trial with dubious states

  

  Bloomberg States that sued to block T-Mobile US Inc’s acquisition of Sprint Corp signalled they aren’t giving up, even after the US antitrust regulator blessed the $26.5 billion deal. New York Attorney General Letitia James, who’s co-leading the lawsuit filed in June, cast doubt on the centerpiece of the companies’ settlement with the government: the sale of assets to Dish ...

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• 27 July

  Uber plans to start grocery delivery service in Europe

  

  Bloomberg Uber Technologies Inc said it’s in discussions with European supermarkets to roll out a grocery delivery service as rivals Deliveroo and Just Eat Plc move to compete with the likes of Amazon.com Inc in the field. The ride-hailing company has spoken with the UK’s second-biggest grocer, J Sainsbury Plc, according to people familiar with the situation. The supermarket operator ...

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• 27 July

  Vodafone surges on possible tower IPO

  

  Bloomberg Vodafone Group Plc shares gained the most in more than a decade on the phone carrier’s plan to carve out its towers business and consider an initial public offering or minority stake sale of the new unit. The stock rose as much as 10.4 percent, the biggest intraday jump since November 2008, after the carrier announced plans to separate ...

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• 27 July

  UK households get $500 boost in real incomes

  Bloomberg British households received a $497 boost in the last financial year as a booming labour market lifted real incomes to a record high. The median income after inflation rose by 1.4 percent in the year through March to 29,400 pounds, the Office for National Statistics said. It followed a year in which living standards failed to grow for the ...

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• 27 July

  Aluminum giant sees trade war impact on use

  

  Bloomberg The trade war between the US and China that’s clouded the global growth outlook will have a lasting negative effect on aluminum demand, Norsk Hydro ASA Chief Executive Officer Hilde Merete Aasheim said. The Oslo-based company pared its demand growth forecast for a second time this year, echoing the dimming outlook painted by top US producer Alcoa Corp. Russian ...

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• 27 July

  Trump, Guatemala sign deal to limit asylum claims in US

  

  Bloomberg The US reached a deal with Guatemala to stop migrants from other parts of Central America from claiming asylum in the US, President Donald Trump said, and will instead force them to file a claim in Guatemala, a nation that one refugee advocacy group said is neither safe nor able to handle the task. Trump told reporters during a ...

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• 27 July

  Russian police detain opposition politician ahead of new protest

  

  Bloomberg Russian authorities detained prominent opposition politician Ilya Yashin overnight and moved him to a Moscow suburb before a planned protest in the capital. Ten masked police officers transported him from his apartment to the city of Troitsk, Yashin said on his Facebook page. The move follows a series of raids on the homes of activists involved in promoting the ...

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