April, 2019

• 10 April

  Traffic is boon to Taiwan scooter maker’s expansion

  

  Bloomberg Taiwan’s Kwang Yang Motor Co Ltd will invest 1 billion pesos ($19.3 million) in a new motorcycle plant in the Philippines where the traffic logjam is boosting demand for bikes. KYMCO Philippines Inc’s new plant will boost its monthly capacity to at least 6,000 motorbikes when it opens in 2023, President Allan Santiago said at a briefing in Manila. ...

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• 10 April

  Uber seeks about $10bn in year’s biggest IPO in US

  

  Bloomberg Investors could get their first look at hundreds of pages of detailed information about Uber Technologies Inc. as soon as Thursday, as the ride-hailing giant gears up to publicly file for an initial public offering. The global ride-hailing company will kick off a road show to market shares to potential investors this month and would begin trading publicly in ...

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• 10 April

  UK manufacturers in EU fret over no-deal Brexit

  Bloomberg UK manufacturers and their counterparts across the European Union said they’re “woefully” unprepared for a no-deal Brexit, and called on the bloc to avoid Britain leaving without an agreement. “Neither the EU nor the UK are ready, and as a consequence European industry is also not adequately prepared, for this cliff-edge scenario,” manufacturing lobby groups MakeUK and Ceemet said ...

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• 10 April

  UK economy set for stronger quarter as output rises again

  

  Bloomberg The UK economy is on course for a stronger-than-forecast first quarter despite an escalating Brexit crisis that’s divided Parliament and the government. Gross domestic product rose 0.2 percent in February after a 0.5 percent jump in January. That means the economy will expand 0.5 percent in the first quarter if GDP is unchanged in March. That’s more than double ...

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• 10 April

  US medical devices firm BioTek mulls $1bn sale

  

  Bloomberg BioTek Instruments Inc., a closely held US medical device maker, is exploring options including a sale amid interest from rivals and investment firms, according to people familiar with the matter. BioTek could be valued at about $1 billion in a sale, said the people, asking not to be identified because the matter is private. Health care companies and investment ...

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• 10 April

  Brazil to pay Petrobras $9b in contract settlement

  

  Bloomberg Brazilian oil giant Petrobras will get $9.06 billion to settle a deep-water contract dispute with the government, ending years of negotiations and paving the way for Big Oil to access enormous crude deposits in the area. Energy Minister Bento Albuquerque told reporters that compensation for a 2010 contract review will be paid in one settlement, and the resolution will ...

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• 10 April

  Slack value to hit $16bn in pre-listing deals

  

  Bloomberg In the next few months, anyone will be able to buy stock in Slack Technologies Inc. In the meantime, wealthy investors are paying big premiums to snap up shares of the workplace software maker on private markets. Investors are buying stock in some cases for more than double the price of Slack’s last fundraising round in August, which valued ...

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• 10 April

  Canadian home building rebounds from deep freeze

  

  Bloomberg Canada housing starts rebounded in March from a sluggish performance a month earlier, returning to levels more in line with demographics and highlighting the buoyancy of the nation’s battered real estate market. Builders started an annualised 192,527 homes in March, the Canada Mortgage and Housing Corp. reported. That’s up from 166,290 a month earlier, when excessively cold weather slowed ...

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• 10 April

  South Korean leader tries to rescue Trump-Kim talks

  

  Bloomberg A year ago, South Korean President Moon Jae-in was preparing to host Kim Jong-un on the southern side of their fortified border — a historic high-water mark that fuelled talk of a Nobel Peace Prize. Now, he’s heading back to Washington, hoping a direct appeal to US President Donald Trump can keep all that from slipping away. The South ...

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• 10 April

  US sends China signal with warship in disputed sea

  

  Bloomberg The US sent a fighter-jet-carrying warship to join drills near the disputed Scarborough Shoal for the first time, sending a pointed message to China as tensions simmer over territorial claims in the region. The USS Wasp — an amphibious assault ship outfitted last year with F-35B jets — joined the annual Exercise Balikatan with the Philippines this month. A ...

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