February, 2019

• 25 February

  Trump, Kim may agree to end Korean War at summit: Seoul

  

  Bloomberg President Donald Trump and North Korean leader Kim Jong-un might declare a formal end to the Korean War during their summit this week, South Korea said, as the US leader played down the prospects of giving Pyongyang sanctions relief. The two leaders could reach an agreement on how to resolve the 1950-53 conflict as part of their meeting scheduled ...

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• 25 February

  Top Democrat vows to sue if necessary to get Mueller’s report

  

  Bloomberg House Intelligence Committee Chairman Adam Schiff vowed to subpoena Special Counsel Robert Mueller’s Russia investigation report, and sue President Donald Trump’s administration for the underlying evidence if necessary to make it public. “Absolutely, we are going to get to the bottom of this,’’ Schiff of California said on ABC’s “This Week” when asked whether he’s prepared to take the ...

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• 25 February

  Venezuela sits in a dangerous stalemate after violence

  

  Bloomberg There was blood, smoke, smashed glass and tear gas. But a day of violence left Venezuela where it was before: Nothing changed on the ground. No one seems to be winning. And the nation is still hungry, scared and wondering what comes next. “Honestly, I’m disappointed,” said Luis Antonio Cequera, 52, a water vendor in the border town of ...

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• 25 February

  Nigeria’s Buhari wins first two of 36 states

  

  Bloomberg Nigerian President Muhammadu Buhari won the first two of 36 states for which results were being announced by the election commission in a general election that was partly marred by delays, technical glitches and sporadic violence. Buhari, 76, defeated his main challenger, Atiku Abubakar, in Ekiti state by a 58 percent to 40 percent margin, the Independent National Electoral ...

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• 25 February

  Theresa May hints at staying on for longer as UK leader

  Bloomberg Buying time is what Theresa May does best. When she faced a vote to oust her as prime minister last December, she promised her critics she would quit as leader before the next election in 2022. That fired the starting pistol on a contest to choose a successor, with rivals already putting their campaign preparations in place. Some ministers ...

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• 25 February

  Goldman sees oil prices to rise 13%

  

  Bloomberg Oil prices could potentially rise as much as 13 percent from current levels, though the rally may prove fleeting, according to Goldman Sachs Group Inc. Top Opec member Saudi Arabia is cutting output faster than US shale drillers can fill the gap, leaving a void in the market that may push global benchmark Brent crude to $70-$75 a barrel ...

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• 25 February

  Arizona utility makes biggest US bet yet on energy storage

  

  Bloomberg Arizona’s Pinnacle West Capital Corp. is kicking off the most ambitious deployment of energy storage ever announced by a US utility. Pinnacle West’s Arizona Public Service plans to add 850 megawatts of battery storage and at least 100 megawatts of new solar power by 2025, according to a statement. The company did not say how much initiative would cost. ...

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• 25 February

  China deleveraging is dead as $34trn debt boom returns

  

  Bloomberg For almost two years, the question has lingered over China’s market-roiling crackdown on financial leverage: How much pain can the country’s policy makers stomach? Evidence is mounting that their limit has been reached. From bank loans to trust-product issuance to margin-trading accounts at stock brokerages, leverage in China is rising nearly everywhere you look. While seasonal effects explain some ...

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• 25 February

  Indonesia to ease trading rule to lure retail investors

  

  Bloomberg Indonesia’s stock exchange plans to cut the minimum trading price for shares and shrink the lot size in its drive to attract more retail investors and boost volumes. The bourse will revise the decade-old requirement for stocks to maintain a floor price of 50 rupiah and lower the minimum order size from 100, Laksono Widodo, director of trading and ...

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• 25 February

  Realty cash crunch is risk for India’s shadow lenders

  

  Bloomberg India’s property developers are finding it hard to borrow money, raising the prospect of a wave of debt defaults from the sector hitting shadow lenders that are trying to survive a funding crunch of their own. Developers have to repay about 1.29 trillion rupees a year on outstanding debt but generate less than half the amount in income that ...

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