June, 2019

• 2 June

  US’s Ohio state approves coal, nuclear power plant subsidies

  

  Bloomberg The Ohio House of Representatives approved a measure that would subsidise the state’s struggling coal and nuclear plants after lobbying from a member of President Donald Trump’s re-election campaign. Bob Paduchik, who also led the Ohio Trump campaign in 2016, called lawmakers urging them to support the legislation and stressing that the president was behind it as well, according ...

  Read More »
• 2 June

  US touts LNG exports as molecules of liberty

  

  Bloomberg The US has a message for the rest of the world: Get ready for a lot more “freedom gas.” The country’s growing muscle as a natural gas exporter isn’t only seen by the Trump administration as an economic boon at home — it’s also viewed as a foreign policy tool. That view was articulated as the Department of Energy ...

  Read More »
• 2 June

  Shell plans to buy oil-block stake in South Africa

  

  Bloomberg Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospects. Shell has applied to take a stake in a license owned by OK Energy, located in deep waters off South Africa’s west coast, according to ...

  Read More »
• 2 June

  Total signals withdrawal from Congo oil search

  Bloomberg Total SA, the only oil major exploring for crude in the Democratic Republic of Congo, indicated it’s pulling out of a block in the central African nation, one of its partners said. The French company has been searching for oil in Block 3 in eastern Congo since March 2011. Its license for the field, near the border with Uganda, ...

  Read More »
• 2 June

  Airlines plead for regulators to unite on 737 Max’s return

  

  Bloomberg Airlines are calling on aviation regulators worldwide to work together to get Boeing Co’s grounded 737 Max back in the skies and to prevent the regulatory response from splintering and slowing the jet’s return. As aviation bosses met in South Korea for their biggest gathering since the two 737 Max disasters, Ed Bastian, chief executive officer of Delta Air ...

  Read More »
• 2 June

  China trade war risks engulfing Embraer

  

  Bloomberg For Embraer Commercial, the escalating rift between the US and China is making things difficult. That’s because the commercial plane-making unit of Embraer SA counts China as its biggest market and is in the process of being taken over by the US’s top exporter, Boeing Co. The unit, which will be renamed Boeing Brasil Commercial, is seeking antitrust approval ...

  Read More »
• 2 June

  KLM to host IATA’s annual meet in Amsterdam in 2020

  

  Seoul / Emirates Business The International Air Transport Association (IATA) announced that KLM Royal Dutch Airlines will host the 76th IATA Annual General Meeting (AGM) and World Air Transport Summit in Amsterdam, the Netherlands, from June 22-23, 2020. This will be the third time that the Netherlands will host the global gathering of aviation’s top leaders (Following events held in ...

  Read More »
• 2 June

  Calvin Klein owner plunges as Trump’s trade tariffs spook shoppers in China

  

  Bloomberg President Donald Trump’s trade war with China is creating a mess on both sides of the Pacific Ocean for American fashion labels Tommy Hilfiger and Calvin Klein. PVH Corp, the parent company of both brands, plunged the most in a decade after reporting that the escalating battle is causing anxious American and Chinese shoppers to buy less. “Tariffs and ...

  Read More »
• 2 June

  Aviation tycoon Neeleman eager to buy new Airbus jet

  

  Bloomberg Airline entrepreneur David Neeleman said he’d be at the front of the line for a proposed new longer-range Airbus SE jetliner if it’s launched at next month’s Paris Air Show, as widely expected. “We’d definitely be interested in that airplane,” Neeleman said of the Airbus A321XLR, which wouldn’t start deliveries until 2023. “I wish it was coming sooner,” he ...

  Read More »
• 2 June

  Will Trump ease up on Huawei? Don’t be so sure

  

  With the Huawei case, as with so many other Trump administration gambits, the puzzling question is whether the president is using tough tactics to make a deal — or whether he really means to put China’s most powerful telecommunications company on what’s informally known as the “kill list” by denying it US technology. US financial markets have been fairly calm ...

  Read More »