April, 2019

• 27 April

  Dip in tourist arrivals affects Thai economy

  Bloomberg Thailand suffered a rare combined drop in tourist arrivals and spending in March, signalling a rocky first quarter for Southeast Asia’s second-largest economy. The number of visitors fell 0.7 percent from a year ago to 3.5 million, official figures and data compiled by Bloomberg show. Foreign tourism receipts slid 1.3 percent to $5.8 billion. Tourism is critical for Thailand ...

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• 27 April

  China property developer eyes European auto acquisitions

  

  Bloomberg China Evergrande Group, a property developer that has ambitions to dominate the global electric-vehicle industry, has approached two Dutch truck-and-bus makers about possible acquisitions, according to people familiar with the matter. The group, headed by China’s third-richest man, has reached out to Paccar Inc’s DAF Trucks NV and closely held bus manufacturer V DL Groep BV, the people said, ...

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• 27 April

  Singapore’s Best World tumbles after short seller report

  

  Bloomberg Best World International Ltd plunged to its lowest in six months after activist short seller Bonitas Research published a report questioning the company’s accounting and sales. The Singapore-based firm has overstated sales and profit in China, Matthew Wiechert’s Bonitas said in the report, which was based on on-the-ground research on the Chinese mainland. Bonitas believes that Best World’s “Chinese ...

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• 27 April

  Hydrogen as replacement for natural gas gets a boost in UK

  

  Bloomberg Lawmakers from Britain’s main political parties called for using hydrogen as a source of energy to significantly reduce the nation’s greenhouse gas emissions and help transition to a low-carbon system. The rules should be changed as soon as next year to allow hydrogen into the natural gas grid, members of Parliament on the Business, Energy and Industrial Strategy Committee ...

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• 27 April

  Chevron working on merger with deal Anadarko despite rival bid

  

  Bloomberg Chevron Corp. is already working on integrating Anadarko Petroleum Corp., even as it faces a higher rival takeover bid for the oil explorer from Occidental Petroleum Corp. Just two weeks after Chevron agreed to buy Anadarko for $31 billion, executives from both companies have begun planning the combination of their sprawling international operations, Chevron Chief Executive Officer Mike Wirth ...

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• 27 April

  Trump gets GDP boost he needs for 2020

  

  Bloomberg President Donald Trump’s re-election hopes have always hinged on supercharging the US economy, and data showing faster than expected growth provided him a boost just as he prepares to ramp up his campaign. Trump heralded the Commerce Department report that gross domestic product rose at a 3.2 percent annual rate in the first quarter of 2019 — describing it ...

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• 27 April

  PG&E falling behind on wildfire safety work

  

  Bloomberg PG&E Corp., the California utility giant that filed for bankruptcy in January, is falling behind on some deadlines for inspections, repairs and tree-clearing work designed to reduce wildfire risks in Northern California this year. The state’s largest utility said circumstances beyond its control, such as a rainy winter and permitting requirements, were making it difficult to inspect some of ...

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• 27 April

  Uber set to hit the road for year’s biggest IPO

  

  Bloomberg Over the past decade, Uber Technologies Inc. proved itself to be one of the most prolific young fundraisers ever. It pulled together more than $20 billion from private investors. After burning through more than half that amount in just the last three years, Uber will soon see whether it can recreate that magic on the stock market. The ride-hailing ...

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• 27 April

  Musk, SEC settle legal fight over tweets about Tesla

  

  Bloomberg A regulatory fight over Elon Musk’s tweeting habit may be over — at least for now. Tesla Inc.’s chief executive officer and the US Securities and Exchange Commission said in a court filing that they are settling a legal dispute over how Musk posts news about his electric-car company, avoiding a decision by a federal judge in New York ...

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• 27 April

  German factories hold back euro-area economy

  Bloomberg German manufacturing remained in a slump at the start of the second quarter, casting a cloud over the euro-area economy as well as the European Central Bank’s hopes for a quick recovery. Factory output in Europe’s largest economy contracted for a fourth month running in April, according to a survey. Manufacturing in the euro area also shrank, while a ...

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