January, 2019

• 26 January

  Greece ends Balkan name dispute

  

  Bloomberg Greece gave NATO and the European Union a boost in the volatile Balkans by ending an almost three-decade dispute over a word: Macedonia. US Secretary of State Mike Pompeo praised Greek lawmakers for backing a deal that clears the way for the newly-named Republic of North Macedonia to join the North Atlantic Treaty Organization and the EU. Prime Minister ...

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• 26 January

  Uproar as Nigeria’s Buhari suspends chief justice

  

  Bloomberg Nigerian President Muhammadu Buhari suspended Chief Justice Walter Onnoghen just weeks before what’s set to be a tight presidential vote, in a move the main opposition party condemned as an “act of dictatorship.” Buhari, 76, appointed Ibrahim Tanko Muhammad in an acting capacity, he said in a statement. Onnoghen was put on trial by the Abuja-based Code of Conduct ...

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• 26 January

  Alberta targets $1.5 billion upgrader to get more from oil

  

  Bloomberg Alberta is working to encourage construction of a C$2 billion ($1.5 billion) partial-upgrading facility that would turn more of the province’s sludgy bitumen into higher-value products. The facility, designed by Calgary-based Value Creation Inc, would be located near Edmonton and process 77,500 barrels of diluted bitumen a day into products like medium synthetic crude and ultra-low sulfur diesel. The ...

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• 26 January

  Kinder Morgan weighs carbon dioxide unit sale

  

  Bloomberg Pipeline giant Kinder Morgan Inc is weighing a sale of the largest transporter of carbon dioxide in North America, which could fetch more than $5 billion, according to people familiar with the matter. Its shares rose on the news. The Houston-based company is working with advisers to seek buyers for its CO2 business, said the people, who asked to ...

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• 26 January

  Gulfport share buybacks sought by investor

  

  Bloomberg One of the largest investors in Gulfport Energy Corp. is urging changes at the natural gas and oil company, saying its board lacks the experience needed to correct its lagging performance. Firefly Value Partners, which said it and its affiliates own 8.1 percent of Gulfport, also wants the company to implement a $500 million share buyback program, according to ...

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• 26 January

  China joins talks to strike a global digital trade pact

  

  Bloomberg China will join a group including the US and the European Union in negotiating new rules to cover the $25 trillion e-commerce market. The EU and 47 other members of the World Trade Organization (WTO) launched the discussions, according to a statement. If successful, a digital trade accord hashed out through the Geneva-based trade body would establish a baseline ...

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• 26 January

  Hon Hai expands in India, Vietnam

  

  Bloomberg Key iPhone assembler Hon Hai Precision Industry Co, also known as Foxconn Technology Group, is increasing its presence in Vietnam and India amid the growing trade spat between the US and China. In a series of filings, the company said it had injected up to $213.5 million into an Indian unit between September and January for “long-term investment,” and ...

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• 26 January

  Beijing blasts ‘unfair’ bans on Huawei parts

  

  Bloomberg China’s foreign minister urged countries not to use “fabricated” excuses to block Huawei Technologies Co, as Vodafone Group Plc joined a list of companies that are shunning the telecommunications equipment supplier. “Using national power to tarnish and take measures against a certain company, without any evidence, is both unfair and immoral,” Foreign Minister Wang Yi told reporters as he ...

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• 26 January

  India’s IL&FS may appoint auditor soon

  Bloomberg Beleaguered Infrastructure Leasing and Financial Services may appoint an auditor to look into the financial statements of the company and its subsidiaries dating back five years, the Economic Times reported, citing people with direct knowledge of the matter. The newly appointed company would also scrutinise the role of IL&FS’ previous auditors, EY, Deloitte, and KPMG. The report would have ...

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• 26 January

  Malaysia to cancel China-backed rail link

  

  Bloomberg Malaysia will terminate a $20 billion rail project with contractor China Communications Construction Co, Economic Affairs Minister Mohamed Azmin Ali said. The Cabinet decided the East Coast Rail Link project was “beyond the government’s financial capability,” he said. Malaysia Finance Minister Lim Guan Eng wouldn’t corroborate Azmin’s comments, saying an official announcement would be issued if necessary by next ...

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