April, 2019

• 3 April

  Brookfield considers $2b Shanghai property deal

  

  Bloomberg Brookfield Asset Management Inc is planning to buy a commercial property site in Shanghai for around $2 billion, according to people familiar with the matter. Brookfield Strategic Real Estate Partners III is considering buying three office towers and a retail mall at Greenland Huangpu Center from a unit of Greenland Hong Kong Holdings Ltd., the people said, asking not ...

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• 3 April

  India ride-hailing firm Ola to target London

  

  Bloomberg Ola, Uber Technologies Inc’s biggest rival in India, said it will take on the ride-hailing giant in London before the end of the year after launching in five smaller UK cities. The Bangalore-based startup commenced operations in Liverpool last month, having established its first European business in Cardiff in August and later added Bath, Bristol and Exeter. Reading and ...

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• 3 April

  France’s 5G bill makes it tough, but not impossible, for Huawei

  

  Bloomberg If France is trying to keep Huawei Technologies Co out of its next-generation telecommunications networks, it’s doing it a lot more subtly than the US. The country’s parliament was expected to start to debate on Wednesday a bill aimed at tightening security around its 5G networks after an earlier version was rejected in February by senators for the government’s ...

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• 3 April

  Former HP CEO called ‘dead man walking’ over Autonomy deal

  

  Bloomberg Hewlett-Packard Co’s board, riven with conflict, faced a “poisonous internal environment” on the eve of its announcement to acquire British software firm Autonomy. A simmering dispute between executives burst into the open just as HP’s board wavered over whether to proceed with the $11-billion transaction, then-Chief Executive Officer Leo Apotheker said on the second day of his evidence in ...

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• 3 April

  Britain’s Brexit crisis takes further toll as services shrink

  

  Bloomberg Britain’s Brexit turmoil inflicted further damage on the economy last month as the nation’s huge services sector shrank for the first time in more than 2 1/2 years. With parliament gridlocked and Britain’s short-term future increasingly uncertain, companies and households held back spending in March, IHS Markit said. Its Purchasing Managers’ Index indicates that the economy shrank last month ...

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• 3 April

  BMW pulls ahead of Mercedes in US luxury race

  Bloomberg After eating the dust of its German rival for past three years, BMW AG is getting a faster start off the line in early 2019. BMW sales rose 2.9 percent in March and were roughly flat in the first quarter, as surging demand for X3 compact crossovers helped the brand surpass Daimler AG’s Mercedes-Benz. A slump for the small ...

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• 3 April

  Hangover from tax ‘euphoria’ hits US car buyers as sales drop

  

  Bloomberg Most major automakers capped the first quarter with declining US sales again in March, as the sugar high from last year’s tax cuts wore off and the economy lost steam. Fiat Chrysler Automobiles NV, Nissan Motor Co and Toyota Motor Corp each reported deliveries dropped for the month and are down year-to-date. General Motors Co, which releases results only ...

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• 3 April

  Venezuela opposition leader Guaido stripped of immunity

  

  Bloomberg President Nicolas Maduro’s Constituent Assembly, stacked with socialist-party loyalists, stripped opposition leader Juan Guaido of his immunity from prosecution, as the government ratchets up pressure against the congressman seeking to oust the country’s ruling autocrat. The Constituent Assembly, an all-powerful political body set up in 2017 to bypass the National Assembly, voted unanimously to act on the recommendation of ...

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• 3 April

  Malaysia’s ex-PM faces court over state-fund scandal

  

  Bloomberg The first of many trials for Malaysia’s former premier Najib Razak will serve as a key test of the nation’s readiness to get to the bottom of the 1MDB scandal. Najib appeared in court on Wednesday to face seven of 42 corruption and money-laundering charges linked to his role in 1MDB, the state fund at the centre of a ...

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• 3 April

  Ousted by protests, Bouteflika was once Algeria’s saviour

  

  Bloomberg Abdelaziz Bouteflika, who led Algeria out of civil war to become its longest-serving president, has resigned after throngs of protesters and even his military allies told the ailing president he’d overstayed his welcome. Though Bouteflika has rarely been seen in public since suffering a stroke in 2013, his political demise will deepen uncertainty in the North African OPEC member. ...

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