April, 2019

• 22 April

  Tokyo Century buys fifth of Yoma Strategic vehicle leasing business

  Bloomberg Tokyo Century Corp will buy a fifth of Yoma Strategic Holdings Ltd’s vehicle leasing business in a bid to expand in Myanmar and explore further collaboration with the Southeast Asian conglomerate. The Japanese leasing services firm will buy a 20 percent stake in Yoma Fleet via newly issued shares for $26.6 million, Yoma Group said in a statement. Myanmar’s ...

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• 22 April

  China’s green light on coal power won’t trigger new plant boom

  

  Bloomberg China’s green light to build more coal-fired power plants probably won’t usher in a flurry of new construction as most policies and investments in the top energy user will tilt towards renewable sources. More than 10 regions will be freed of their overcapacity tag in 2022, clearing a hurdle for them to resume building coal-fired plants. But many of ...

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• 22 April

  US opportunity zone rules seek more capital in distressed areas

  

  Bloomberg The Trump administration released rules for a tax break designed to encourage economic development in distressed areas throughout the US by making it easier to invest in businesses and real estate in low-income communities. Wall Street banks, private equity firms, real estate developers and others have been eagerly awaiting the regulations, which the administration said will spur $100 billion ...

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• 22 April

  Blackstone to become corporation as company assets top $500 billion

  

  Bloomberg Blackstone Group LP plans to convert to a corporation from a publicly traded partnership, a step that opens up the stock for inclusion in indexes, after watching two rivals benefit from the move. The shares jumped in early trading. Changing company’s structure will increase the firm’s “ability to reach a dramatically larger audience,” Chief Executive Officer Stephen Schwarzman, said ...

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• 22 April

  Canada exporters still struggling despite rising oil

  

  Bloomberg Canada recorded smaller trade deficits than expected in the first two months of 2019 on a rally in oil prices, but figures show the nation’s exporters are still struggling. The nation posted a smaller-than-expected C$2.9 billion ($2.2 billion) deficit in February, and Statistics Canada revised down its initial deficit forecast for January by C$1 billion. Yet, the improved trade ...

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• 22 April

  Lyft stumbles 19 pct since debut last month

  

  Bloomberg The first few weeks of trading in Lyft Inc.’s stock have not gone well, and that’s unlikely to change any time soon. Lyft’s share price has dropped nearly 19 percent since debuting late last month, prompting some investors to sue the company, alleging the ride-sharing service provider overstated its market position when it went public. Questions about growth and ...

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• 22 April

  Small US cities offer an edge for tech job seekers

  

  Bloomberg The San Francisco Bay Area and Boston are likely at the top of the list of US regions to work for tech job seekers. But for techies interested in building the next generation of autonomous cars or supersonic jets, smaller cities may offer better opportunities. Job-seekers have good reason to search outside the top tech hubs because smaller centers ...

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• 22 April

  Terrorist group behind blasts that killed 290, says Sri Lanka

  

  Bloomberg Sri Lanka’s government has blamed local extremist group National Thowheed Jamath (NTJ) for one of Asia’s deadliest terrorist attacks in years, and said other nations had shared intelligence warnings ahead of the blasts. The death toll rose to 290 in the coordinated blasts on Easter Sunday at churches and luxury hotels, which the government said were carried out by ...

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• 22 April

  Magnitude 6.3 quake hits Philippines, 8 die

  

  Bloomberg The Philippines was struck by a 6.3 magnitude earthquake on Monday afternoon that shook buildings in the capital and prompted the evacuation of thousands onto the streets of Manila. At least eight people have died, according to local media. The quake occurred 1 kilometre from Gutad, located to the northwest of Manila, according to the US Geological Survey. The ...

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• 22 April

  Putin offers no warm words as Russia mulls new Ukrainian president

  

  Bloomberg Russian President Vladimir Putin gave a frosty response to comic Volodymyr Zelenskiy’s landslide election as Ukraine’s new president, with the Kremlin saying it was “premature” to offer congratulations on his victory. “Moscow respects the choice of the Ukrainian people, especially since this choice is very obvious,” though it’s too soon to consider possibilities for Putin and Zelenskiy to work ...

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