June, 2019

• 16 June

  Philippines turns to UN over ‘sea row’

  

  Bloomberg The Philippines has asked the United Nations to make protecting life at sea a priority after the collision this month between a Filipino fishing boat and a Chinese vessel in the South China Sea. Foreign Affairs Secretary Teodoro Locsin, in a post on his Twitter account, said he authorised the Philippine embassy in London to make an “appeal” to ...

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• 16 June

  Trump faces uncomfortable voters in 2020, shows poll

  

  Bloomberg A majority of American voters say they would be “very uncomfortable” voting for President Donald Trump in 2020, an NBC-Wall Street Journal poll shows. Some 52% reported being very uncomfortable about Trump and another 10% had some reservations. That combined 62% compared with a combined 37% who said they were enthusiastic or comfortable with a Trump vote, the poll ...

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• 16 June

  Pompeo vows US will protect shipping in Persian Gulf

  

  Bloomberg There’s “no doubt” Iran was responsible for attacks on two oil tankers leaving the Persian Gulf last week, and the US will guarantee safe commercial navigation going forward with its partners, Secretary of State Michael Pompeo said. “The United States is going make sure that we take all the actions necessary, diplomatic and otherwise, that achieve that outcome,” Pompeo ...

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• 16 June

  Samsung’s Lee looks beyond next 10 years with 6G, chips

  

  Bloomberg Samsung Electronics Co. Vice Chairman Jay Y. Lee said the company will pursue investment in future businesses including sixth-generation mobile networks and system semiconductors as the South Korean tech giant faces a rapidly changing global business environment that has already put pressure on profit. Lee, the company’s de facto leader, last week held discussions with Samsung executives on potential ...

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• 16 June

  Inpex agrees on framework for $20b Indonesian project

  

  Bloomberg Japan’s Inpex Corp. agreed on a framework with Indonesia for the $20 billion Abadi liquefied natural gas (LNG) project, a key step towards reaching final investment for one of the world’s biggest export ventures. The heads of agreement includes an extension of the company’s contract to operate the Masela field by 27 years until 2055, Inpex President Takayuki Ueda ...

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• 16 June

  Lupin recalls 18,000 drug bottles in US

  

  Bloomberg Indian drug maker Lupin Ltd. is recalling more than 18,000 bottles of an antibiotic drug used to treat bacterial infections from the US market. Lupin Pharmaceuticals Inc, the US unit of the Indian company, is recalling the drug due to a “complaint received of metal piece identified in the product bottle prior to the reconstitution,” according to information on ...

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• 16 June

  India trade gap ‘widens’ for third month in a row

  

  Bloomberg India’s trade deficit widened for a third straight month as exports remained sluggish amid a slowing global economy and escalating US-China trade war. The gap between exports and imports was $15.36 billion in May, slightly higher than $15.33 billion in April, according to data from the Commerce Ministry. That compares with the $15.74 billion median estimate in a Bloomberg ...

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• 16 June

  India increases tariffs on US goods as trade war heats up

  

  Bloomberg India has imposed higher customs duties on a raft of US goods on Sunday in response to similar measures taken by Washington, according to a government notice. The increased charges have been imposed on 28 products including chickpeas, phosphoric acid, apples, almonds and walnuts, according to the notice released late on Saturday. The country would get about $217 million ...

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• 16 June

  Dan Loeb calls Sony to spin off its semiconductor unit

  

  Bloomberg Activist investor Dan Loeb disclosed a $1.5 billion stake in Sony Corp. and pushed the company to make dramatic changes, including spinning off its semiconductor business and listing it in Japan. Sony’s shares rose 3.1% in Tokyo after Loeb’s Third Point published a letter and 102-page presentation pushing for changes at the Japanese media and electronics giant, including sales ...

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• 16 June

  VW’s $18.6 billion truck IPO to test CEO’s overhaul push

  

  Bloomberg Volkswagen AG valued its heavy-trucks business at as much as $18.6 billion in a planned initial public offering that will test Chief Executive Officer Herbert Diess’s ambition of overhauling the carmaking behemoth. The manufacturer intends to offer stock in Traton SE, which sells MAN and Scania AB vehicles, for between 27 euros to 33 euros per share, it said ...

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