February, 2019

• 27 February

  Axiata to revive IPO of $2.5b Edotco

  

  Bloomberg Axiata Group Bhd., Malaysia’s biggest wireless carrier, is reviving preparations for an initial public offering (IPO) of its tower business Edotco, according to reports Axiata’s advisers recently resumed work on the deal, which was shelved last year, said the people, who asked not to be identified because the information is private. Axiata aims to list the unit in Kuala ...

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• 27 February

  Coal’s perfect storm rattles home to $50bn of projects

  

  Bloomberg It’s been a tough few weeks for Australia’s coal industry. First there was a court ruling blocking a new mine on climate change grounds, then one of the world’s largest producers Glencore capped output growth, and finally China was seen to be slowing down Australian imports. The developments are symptoms of fuel’s decline and likely signal headwinds for the ...

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• 27 February

  AT&T defeats US bid to kill $85bn Time Warner deal

  

  Bloomberg AT&T Inc. beat back another effort by the US to undo its purchase of Time Warner, cementing an $85 billion deal to help it compete with Netflix Inc. The US Appeals Court in Washington said the Justice Department failed to establish that a lower-court judge made a clear error when he rejected the government’s case that AT&T should be ...

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• 27 February

  US antitrust task force targets technology giants

  

  Bloomberg US antitrust enforcers are zeroing in on technology giants following years of criticism that they haven’t done enough to rein in dominant internet companies like Alphabet Inc.’s Google and Facebook Inc. The Federal Trade Commission said it’s creating a task force led by senior competition officials and 17 staff lawyers to investigate potentially anticompetitive conduct by technology companies. It ...

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• 27 February

  Drop in Italian confidence may signal longer recession

  

  Bloomberg Italian business and economic confidence fell, signaling a possible continuation of the recession that started late last year. Italy’s coalition leaders have been rallying around their message that growth will pick up, defying projections the economy will have trouble expanding significantly this year. Premier Giuseppe Conte said this week he foresees growth “at least in the second half.” The ...

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• 27 February

  GE’s CEO tells investors cutting debt comes first in revamp

  

  Bloomberg General Electric Co.’s new boss wants to reassure shell-shocked investors that he knows just how tough the past year has been — and that he has a plan to turn things around. In his first annual shareholder letter, Chief Executive Officer Larry Culp outlined his priorities as he tries to pull the iconic manufacturer out of a tailspin. After ...

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• 27 February

  Imran Khan calls for dialogue after two Indian jets shot down

  

  Bloomberg India said an air force pilot was missing after Pakistan said it had shot down two Indian fighter jets, as relations between the arch rivals worsened amid the possibility of a full blown war. India has yet to ascertain that the missing pilot is in Pakistan’s custody, said Raveesh Kumar, foreign ministry spokesman in a media briefing in New ...

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• 27 February

  Egypt vows to punish negligence as Cairo train crash kills 25

  

  Bloomberg Egypt’s prime minister vowed swift accountability and an end to the “age of ignoring negligence,” as the death toll from the capital’s worst train crash in years climbed to 25. Prime Minister Mostafa Madbouly spoke as authorities launched an investigation into what caused the train to collide with the barrier at the end of the track in downtown Cairo’s ...

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• 27 February

  Trump, Kim hail prospects for success at start of summit

  

  Bloomberg President Donald Trump and North Korea’s Kim Jong-un sounded an optimistic note at the start of their second set of face-to-face meetings in eight months, as the US leader sought to advance nuclear talks that have largely stalled since their first summit in June. The two leaders shook hands and made brief remarks ahead of a one-on-one meeting at ...

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• 27 February

  Opposition rejects Buhari’s re-election

  

  Bloomberg Nigeria’s Muhammadu Buhari won a second term as president of Africa’s biggest oil producer with promises to revive an anemic economy and tackle security threats including a devastating war against insurgents loyal to IS. His main opponent rejected the results. The defeated rival, Atiku Abubakar, on Wednesday said he will go to court to contest Independent National Electoral Commission ...

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