June, 2019

• 24 June

  Prague’s massive protest fails to budge PM

  

  Bloomberg Andrej Babis, the billionaire Czech prime minister, is brushing off the nation’s biggest protest in 30 years, when the nation rose up and toppled communism. As many as 250,000 people rallied in Prague, seeking to pressure Babis to resign over his business interests and concern he may meddle with the courts. The premier, who won power in 2017 on ...

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• 24 June

  Hunt: Johnson dodges scrutiny amid PM race

  

  Bloomberg Boris Johnson faces mounting pressure to submit to public scrutiny, after his rival in the race to be UK prime minister tried to turn questions about the front-runner’s character to his advantage. Foreign Secretary Jeremy Hunt, the underdog candidate in the contest to lead the ruling Conservative Party, called on Johnson to take part in more media interviews and ...

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• 24 June

  Thailand’s $13b plan may woo 65m tourists

  

  Bloomberg Thailand is already struggling to cope with the environmental impact of a tourism boom that’s expected to lure 40 million visitors this year. The influx is on course to hit 65 million a decade from now, signalling an even bigger challenge ahead. Southeast Asia’s second-largest economy plans to pour about $13 billion into expanding airport capacity and connecting major ...

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• 24 June

  Bosideng falls most on record

  

  Bloomberg Bosideng International Holdings Ltd shares fell the most on record after a short seller report questioned the company’s accounting practices. Hong Kong-listed Bosideng overstated its revenue and profit, according to a note published on Monday by Bonitas Research. The stock fell as much as 28 percent before being suspended. Bosideng said in a statement that the report contains “untrue ...

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• 24 June

  China buying more bananas from abroad

  

  Bloomberg Chinese consumers are buying more bananas from abroad than ever before as an increasingly health consciousness middle class helps propel the fruit’s popularity. Imports of bananas surged to a record 227,199 tons in May, according to China’s general administration of customs. That helped lift total shipments of fruits and nuts to 720,000 tons, an almost 8-fold increase from the ...

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• 24 June

  Yes Bank co-founder’s family plans sale of mortgage finance unit

  

  Bloomberg Indian banker Rana Kapoor’s family is planning to sell a stake in their six-year-old mortgage finance company, people with knowledge of the matter said, as rising wariness in the credit market erodes growth prospects of shadow finance firms. The family office run by the three daughters of the Yes Bank Ltd co-founder is working with Nomura Holdings Inc on ...

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• 24 June

  Zara’s Indian partner builds its own cheaper fashion line

  

  Bloomberg For nearly a decade, Tata Group has been Inditex SA’s partner running Zara stores in India. Now, the country’s largest conglomerate is building its own apparel empire as trend-focussed as Zara — but at half the price. Its retail arm, Trent Ltd, has fine-tuned its local supply chain to deliver “extreme fast fashion” which can get runway styles to ...

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• 24 June

  Fosun mulls takeover of $1b GV Gold

  

  Bloomberg A consortium led by Fosun International Ltd is in talks to acquire a majority stake in GV Gold PJSC, a Russian gold miner backed by BlackRock Inc, according to people familiar with the matter. Fosun is considering teaming up with partners including Zhaojin Mining Industry Co for a joint offer, the people said, asking not to be identified as ...

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• 24 June

  US equities mixed, dollar falls; Treasuries advance

  

  Bloomberg US equities fluctuated near records as investors weighed expectations for easier monetary policy against concerns about a slowing economy. Treasuries gained, while the dollar edged lower. The S&P 500 was mixed, hovering just under all-time highs reached during last week’s rally. Tech shares led gains, while healthcare paced falling stocks. Bristol-Meyers Squibb Co tumbled after saying it will divest ...

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• 24 June

  Bitcoin resurgence drives rally in Asia’s crypto-linked stocks

  

  Bloomberg Bitcoin’s climb to above $11,000 for the first time in 15 months sparked gains in related Asian stocks on Monday. GMO Internet Inc climbed 7 percent in Tokyo to its highest level since October, while Metaps Inc jumped 11 percent, Remixpoint Inc 6.2 percent and Ceres Inc 4.4 percent. In Seoul, Vidente Co climbed as much as 5.4 percent ...

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