May, 2019

• 27 May

  Global Switch plans HK IPO filing

  Bloomberg Global Switch, the UK data centre operator controlled by Chinese investors, is planning to file for a Hong Kong initial public offering as soon as this week, according to people with knowledge of the matter. The London-based company aims to raise more than $1 billion, Bloomberg News has reported in March. Deliberation is ongoing and timing of the deal ...

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• 27 May

  World’s dirtiest air presents challenge for Modi in second term

  

  Bloomberg One of the biggest challenges facing Indian Prime Minister Narendra Modi as he begins his second term is ensuring clean air in a country that’s home to some of the most polluted cities in the world. The country is burning up more coal to supply cheap electricity to its 1.3 billion people, resulting in polluted air across vast stretches. ...

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• 27 May

  Fiat plans merger with Renault to form world’s 3rd-biggest carmaker

  

  Bloomberg Fiat Chrysler Automobiles NV proposed a merger with Renault SA to create the world’s third-biggest carmaker as manufacturers scramble for scale to tackle an expensive shift to electrification and autonomous driving. The transaction would be structured as a 50-50 ownership through a Dutch holding company, Fiat said on Monday. Renault shareholders, including the French government, would get an implied ...

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• 27 May

  First American may have exposed millions of client records: Research

  Bloomberg First American Financial Corp., one of the largest US title insurers, may have allowed unauthorised access to more than 885 million records related to mortgage deals going back to 2003, according to a security researcher. The flaw was outlined in an article by Brian Krebs, a cybersecurity expert. Digitised records including “bank-account numbers and statements, mortgage and tax records, ...

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• 27 May

  Trade war may hurt business: Maersk

  

  Bloomberg AP Moller-Maersk A/S, the world’s largest container line, said it had a good start to the year but warned that “considerable uncertainties” stemming from global trade tensions will probably hurt its business. “New tariffs can potentially reduce expected growth in global container volumes by up to 1 percentage point,” the Copenhagen-based company said. Maersk, which also unveiled plans to ...

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• 27 May

  US new home sales drop from 11-year high as prices surge

  

  Bloomberg Sales of new US homes cooled in April from an 11-year high amid a surge in prices, adding to signs of softness in housing at the start of the quarter. Single-family home sales fell 6.9 percent to a 673,000 annualised pace, close to economist estimates following an upwardly revised March reading of 723,000, government data showed. The median sales ...

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• 27 May

  Swedish unemployment rate hits 14-month low

  

  Bloomberg Sweden’s unemployment rate fell to a 14-month low in April, providing surprisingly favourable data for the central bank as it seeks to increase interest rates amid slowing economic growth. The seasonally adjusted rate came in at 5.9 percent, down from a 17-month high of 6.7 percent in March. Economists polled by Bloomberg had expected a rate of 6.5 percent. ...

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• 27 May

  Trump not bothered by Kim’s recent missile test launches

  

  Bloomberg President Donald Trump said he wasn’t bothered by recent North Korean ballistic missile tests his national security adviser labeled a violation of UN resolutions, adding that sanctions on the country give him time to reach a disarmament deal with Kim Jong-un. Trump said he believes the North Korean leader wants to build up his country’s economy, and that giving ...

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• 27 May

  US president pledges to bring Japan abductees home from North Korea

  

  Bloomberg US President Donald Trump met families of Japanese citizens abducted by North Korea, pledging to help solve an emotive decades-old issue that has been a major policy concern of PM Shinzo Abe’s government. After a meeting focused on trade and security in Tokyo, Trump and Abe met relatives of those taken captive, with Trump saying the two men were ...

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• 27 May

  Brexit tears up UK politics as Farage tops EU election poll

  

  Bloomberg Brexit upended Britain’s established political order in European Parliament elections, with both the ruling Conservatives and the main opposition Labour Party scoring their worst results in decades. Voters backed politicians with clear pro- and anti-European Union agendas, fuelling demands for a second referendum on one side of the divisive national debate, and a hard, no-deal split from the EU ...

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