April, 2019

• 8 April

  Sweet-toothed millennials lure giant sugar player to China

  

  Bloomberg One of Asia’s biggest sugar refiners is in talks to sell the sweetener in China, lured by the country’s “new generation” of consumers. MSM Malaysia Holdings Bhd is nearing the final stages of discussions to set up partnerships in China’s downstream sugar industry, Executive Director Khairil Anuar Aziz said. The refiner is looking to sell sugar for popular snacks ...

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• 8 April

  Flows to India stock funds rebound

  

  Bloomberg Flows into Indian equity mutual funds hit a five-month high in March, induced by the rally that recently lifted the $2.2 trillion stock market to a record. Stock funds took in about $1.7 billion, the highest since October, and more than double over the previous month, data from the Association of Mutual Funds in India, or AMFI, show. Indian ...

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• 8 April

  Trump to tout green bona fides while gutting environmental rules

  

  Bloomberg Donald Trump is preparing a novel campaign strategy for a president who is pulling the US from the international Paris accord on climate change, cheer-leading for coal, one of the dirtiest source of power, and suggesting that wind turbines cause cancer. He’s going to tout his environmental credentials. Administration officials are developing talking points on climate change and cultivating ...

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• 8 April

  Pinterest seeks to raise $1.28bn in US initial public offering

  

  Bloomberg Pinterest Inc. is seeking to raise as much as $1.28 billion in an US initial public offering that could value the company below the amount it reached in its last private valuation. The maker of online inspiration boards is offering 75 million shares for $15 to $17 apiece, according to a filing on Monday. Based on the total number ...

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• 8 April

  ICG, Merieux to acquire Italian generic-drug maker Doc Generici

  

  Bloomberg Investment firms Intermediate Capital Group and Merieux Equity Partners have agreed to acquire Italian generics drugmaker Doc Generici from CVC Capital Partners for an undisclosed amount. The pharmaceutical company may have been valued at about 1.1 billion euros ($1.2 billion), people familiar with the matter said previously. Bloomberg reported last week that ICG and CVC were close to a ...

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• 8 April

  German institutes slash nation’s growth forecast

  

  Bloomberg Germany’s economy will grow by less than half the rate previously expected this year, and risks to outlook include global trade disputes and a disorderly Brexit, according to the nation’s five leading research institutes. The gross domestic product of Europe’s largest economy will expand by 0.8 percent in 2019, the institutes predicted in their latest outlook published in Berlin. ...

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• 8 April

  GE tumbles as analyst returns to bearish view

  Bloomberg General Electric (GE) fell in pre-market trading on Monday after a key analyst at JPMorgan returned to a bearish view on the stock, reversing a December upgrade that had provided a major boost to positive sentiment. Steve Tusa downgraded the shares to underweight from neutral and trimmed his price target by $1 to a Street-low view of $5, a ...

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• 8 April

  Fiat to pool cars with Tesla to meet emissions targets

  

  Bloomberg Fiat Chrysler Automobiles NV is pooling its fleet with Tesla Inc. to comply with stricter European Union rules on carbon-dioxide emissions, in a deal that’s likely to pay the US electric-car leader hundreds of millions of dollars. Tightening EU regulations that kick in next year could cost Fiat 2 billion euros ($2.2 billion) in potential fines in each of ...

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• 8 April

  Pompeo warns Haftar forces to halt advance on Tripoli

  

  Bloomberg The Trump administration issued a stern warning to Libyan militia leader Khalifa Haftar to halt his forces’ advance on Tripoli, and urged all sides to continue with political negotiations. Secretary of State Michael Pompeo said in a statement that the US was “deeply concerned” about the warlord’s threat to the internationally recognised capital. He said the military campaign was ...

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• 8 April

  Modi pledges $1.44trn on infrastructure to woo voters as elections near

  

  Bloomberg Prime Minister Narendra Modi’s ruling Bharatiya Janata Party pledged spend $1.44 trillion on infrastructure to boost the economy and raise living standards, in a bid to match its main rival’s populist promises. The BJP, which is seeking to retain power in elections starting April 11, released its manifesto in New Delhi, reiterating its pledge to double farmers’ income by ...

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