June, 2019

• 19 June

  Emerging-market currencies offer best value, says Pimco

  Bloomberg Emerging-market currencies offer some of the best value as an eight-year run of dollar strength is “close to the end,” according to Pacific Investment Management Co (Pimco). “We like to be long a number of those,” Gene Frieda, a Pimco strategist in London, said. Slowing US growth will finally put a dent in the greenback, while counterparts in the ...

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• 19 June

  Jilted by Trump, Xi and Kim seek upper hand before G-20

  

  Bloomberg Both China’s Xi Jinping and North Korea’s Kim Jong-un have suffered from President Donald Trump’s penchant for walking away from talks. Now, he’ll have to worry about what they tell each other behind closed doors. Xi’s state visit to Pyongyang on Thursday — the first such visit by a Chinese president in 14 years — will showcase a renewed ...

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• 19 June

  ‘Changes to nuke deal minimum Iran could do’

  

  Bloomberg President Hassan Rouhani said Iran’s decision to end its compliance with some measures within the nuclear deal were the “minimum” that the Islamic Republic could do in response to the US violating the landmark accord, according to the semi-official Iranian Students’ News Agency (INSA). Rouhani said “the other side in the agreement” hadn’t only failed to fulfil its obligations ...

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• 19 June

  Merkel sees ‘strong evidence’ Iran attacked Gulf oil tankers

  Bloomberg German Chancellor Angela Merkel said there is “strong evidence” supporting a US accusation that Iran was behind last week’s attacks on oil tankers in the Gulf of Oman. “We of course take these explanations very seriously, and there is strong evidence,” the German Chancellor said at a news conference after talks with Ukraine President Volodymyr Zelenskiy in Berlin. “But ...

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• 19 June

  Japan’s Abe to skip summit with Moon

  

  Bloomberg Japan rejected a South Korean proposal for a joint compensation fund to resolve a dispute over colonial-era forced labour claims, in the latest sign of strain between the two US allies. South Korea’s Foreign Ministry said it was willing to consider diplomatic talks about compensation for Koreans forced to work for Japanese companies before and during World War II. ...

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• 19 June

  US House speaker rules out censuring Trump

  

  Bloomberg House Speaker Nancy Pelosi ruled out the possibility of censuring President Donald Trump as an alternative to impeachment, saying that it would be a half-way measure and little more than “a way out.” “Censure is nice but it is not commensurate with the violations of the Constitution, should we decide that is the way to go,” Pelosi told reporters ...

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• 19 June

  Boris Johnson extends lead in race to become British PM

  

  Bloomberg Boris Johnson extended his lead over his rivals in the race to become Britain’s next prime minister, and looked poised to pick up more votes as the hardest Brexiteer in the contest was eliminated. This week will see Conservative members of parliament narrow the field of possible successors to Theresa May down to two candidates, who will then be ...

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• 19 June

  Airbus edges back into front with Paris orders for A321XLR

  

  Bloomberg Airbus SE muscled its way to the front again on the third day of the Paris Air Show, adding orders for its newest plane after US rival Boeing Co stole the spotlight with a mega-deal for its grounded 737 Max. The new A321XLR now has seven customers lined up after Qantas Airways Ltd and US-based Indigo Partners LLC signed ...

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• 19 June

  KKR nears deal to exit from $2b helicopter firm

  

  Bloomberg KKR & Co is nearing a deal to exit part of its stake in Weststar Aviation Services Sdn, Southeast Asia’s biggest provider of helicopters for the offshore energy industry, people with knowledge of the matter said. The private equity firm is in advanced talks to sell a portion of its 40 percent Weststar holding to the company’s controlling shareholder, ...

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• 19 June

  AOT surges on higher fees

  

  Bloomberg Airports of Thailand (AOT), the world’s biggest airport operator by market value, surged the most in six years in Bangkok trading after announcing higher-than-expected concession fees for duty free shops and commercial areas at four of the Southeast Asian nation’s international airports. The state-controlled company will receive 20 percent of sales, with a minimum guarantee of 15.4 billion baht ...

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