June, 2019

• 17 June

  Xi to meet North Korea’s Kim in Pyongyang ahead of G-20

  

  Bloomberg Chinese President Xi Jinping will travel to North Korea on Thursday for talks with Kim Jong Un, state media in Beijing and Pyongyang reported. The state visit will take place on June 20-21, China’s official Xinhua News Agency and the Korean Central News Agency reported on Monday, without elaborating. This will be Xi’s first visit as Chinese leader to ...

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• 17 June

  HK unrest stirs anti-China mood in Taiwan

  

  Bloomberg As Hong Kong leader Carrie Lam fights to survive, she’s taking heat from another government whose population is similarly skeptical of Beijing: Taiwan, an island claimed by China. Taiwanese President Tsai Ing-wen has strongly supported the hundreds of thousands of demonstrators who’ve opposed Lam’s “evil bill” to allow extraditions from Hong Kong to the mainland for the first time. ...

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• 17 June

  Former Slovak president launches political party

  

  Bloomberg Slovakia’s former president launched a political party to capitalize on public discontent with the ruling leftists who are struggling to contain the fallout from a journalist’s murder before the 2020 election. Anti-government sentiment has been rising in the ex-communist European Union nation for over a year since the killing of an investigative reporter exposed links between politicians, law enforcement ...

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• 17 June

  Ukraine warns Europe of gas crisis

  

  Bloomberg Ukraine is warning European nations to prepare for a gas crisis amid skepticism it will agree on a new transit contract with Russia before the current deal expires. It’s “highly probable” that a new accord won’t be concluded by January 1, when the current agreement ends, according to Ukraine’s deputy foreign minister Olena Zerkal. That echoes skepticism by the ...

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• 17 June

  Oil driller Parsley says it’s ‘attractive’ for any purchaser

  

  Bloomberg Parsley Energy Inc. said it would be “attractive” for any potential buyer as the US shale driller expects to generate positive free cash flow in the back half of this year. “We are attractive for purchasers whatever type of investor it is,” Chief Executive Officer Matt Gallagher said in a phone interview. “That’s always a goal, an objective of ...

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• 17 June

  Exxon, Saudi okay Texas chemical plant

  

  Bloomberg Exxon Mobil Corp. and Saudi Arabia’s state-controlled petrochemicals company formally approved construction of a new chemical complex in Texas that will process production from the Permian Basin’s booming oil and natural gas wells. The project near Corpus Christi will be the world’s largest steam cracker and create $50 billion of “economic output” in the first six years, Exxon and ...

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• 17 June

  Huawei braces for phone sales drop of up to 60mn overseas

  

  Bloomberg Huawei Technologies Co. is preparing for a drop in international smartphone shipments of 40 million to 60 million as the Trump administration’s blacklisting hammers one of the Chinese tech giant’s most important businesses. China’s largest technology company is crunching internal estimates and exploring options including pulling the latest model of its marquee overseas label, the Honor 20, people familiar ...

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• 17 June

  Alibaba plans stock split as it preps giant listing

  

  Bloomberg Alibaba Group Holding Ltd. plans a one-to-eight share split, as the e-commerce giant prepares for a stock sale that could be Hong Kong’s largest since 2010. China’s largest company is proposing to increase the number of ordinary shares eight-fold to 32 billion, it said in a statement. The proposal will be discussed and put to a vote at its ...

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• 17 June

  Yield slump sees Japan funds roll dice on FX bets

  Bloomberg Spare a thought for Japan’s yield-starved investors. Not even three months into a new fiscal year, a gauge of global bond yields has slumped to the lowest since 2017 and the yen has strengthened against almost all its major peers. Assumptions made when investment plans were released in April are being rapidly reworked. A shift to longer-maturity bonds, increased ...

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• 17 June

  Singapore’s export numbers add to GDP’s warning signs

  

  Bloomberg Trade-reliant Singapore just took another big hit in the latest data, and the implications for the economy are looking serious. Singapore’s non-oil domestic exports plunged in May by the most since February 2013, driven by an ongoing slump in the electronics sector that’s now the worst in more than a decade, Enterprise Singapore figures showed on Monday. Both trade-war ...

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