March, 2019

• 23 March

  IS lost its final territory in Syria, say US-backed forces

  

  Bloomberg IS, the militant group that once controlled parts of Iraq and Syria, is completely eradicated from its last pocket of territory on the Euphrates River, the Syrian Democratic Forces announced on Saturday. “Our forces have raised their flag over Baghuz and declare complete military victory over the terrorist IS after six years of war,” according to a statement on ...

  Read More »
• 23 March

  China factory blast leaves 64 dead

  

  Bloomberg The death toll from an explosion that ripped through a chemical plant in the eastern province of Jiangsu rose to 64 on Saturday morning, state media said, as local authorities continue searching for survivors. The blast on March 21 at the Jiangsu Tianjiayi Chemical Co, in Chenjiagang, was the latest reminder of continued industrial risks in China, which has ...

  Read More »
• 23 March

  US to leave in place N Korea-related sanctions on Chinese shipping firms

  

  Bloomberg The US will leave in place North Korea-related sanctions on two Chinese shipping companies, and President Donald Trump has no plans to impose additional penalties on Kim Jong-un’s government, according to two people familiar with the matter. The two people, who were granted anonymity to discuss the issue, spoke hours after Trump threw US sanctions policy towards North Korea ...

  Read More »
• 23 March

  Trump Jr. escapes Mueller Russia probe

  Bloomberg Special Counsel Robert Mueller ended his probe without indicting one of its most politically sensitive subjects: Donald Trump Jr. A key episode in Mueller’s 22-month probe into Russian election meddling was a secret meeting that the president’s eldest son took at Trump Tower in Manhattan in 2016 with a Russian lawyer connected to the Kremlin on the promise of ...

  Read More »
• 23 March

  UK cabinet ministers war-gaming the fall of May

  

  Bloomberg UK Prime Minister Theresa May is confronting what could be the end of her premiership as the near impossible task of delivering a Brexit deal cracks her fragile government apart. In the past two weeks, May has lost the trust of her cabinet ministers, infuriated members of parliament on all sides, and been told to her face a growing ...

  Read More »
• 23 March

  Asian investors binging on US corporate debt in 2019

  

  Bloomberg Japanese investors are powering this year’s US corporate bond rally. Money managers in Asia are binging on blue chip American company debt after having cut back late last year. A measure of overseas buying in 2019 has more than doubled from a year earlier, according to Bank of America Corp. Japanese purchases of foreign debt, including US corporate bonds, ...

  Read More »
• 23 March

  Pinterest joins US IPO wave with fast revenue growth

  

  Bloomberg Image search site Pinterest Inc. revealed steady revenue gains with narrowing losses as well as a big bet on overseas expansion, as it joined a surge of technology-related companies planning to go public in the US. Pinterest in its filing for an initial public offering reported strong user growth internationally and even a profit in the fourth quarter. It ...

  Read More »
• 23 March

  General Motors plans $1.8bn US investment after Trump criticism

  

  Bloomberg General Motors Co. committed to investing $1.8 billion at plants in six states and to creating 700 new jobs, as the largest US automaker looks to ward off months of criticism by President Donald Trump. The bulk of the new jobs will go to a factory in Michigan where GM plans to add production of another fully electric vehicle. ...

  Read More »
• 23 March

  Exxon aims to cut cost of pumping Permian oil to $15

  

  Bloomberg Exxon Mobil Corp. plans to reduce the cost of pumping oil in the Permian to about $15 a barrel, a level only seen in the giant oil fields of the Middle East. The scale of Exxon’s drilling means that it can spread its costs over such a big operation that the basin will become competitive with almost anywhere in ...

  Read More »
• 23 March

  Investors shun Mylan over sales misses

  

  Bloomberg Even after losing a third of its market value over the past year, Mylan NV hasn’t been able to win back investors. “This is a name where sentiment is really, really bad,” Evercore ISI analyst Umer Raffat told clients, after visiting with investors. Raffat was quick to defend the stock in light of the feedback, reiterating his bullish stance. ...

  Read More »