January, 2019

• 22 January

  Stocks fall with US futures over cloudy outlook for trade

  

  Bloomberg Stocks dropped on Tuesday alongside US futures as a cloudy outlook for trade and growth continued to weigh on risk appetite. Treasuries climbed and the yen strengthened. Futures on the S&P 500, Dow and Nasdaq all pointed to a softer open a day after American markets were shut for a holiday. EBay Inc bucked the trend, surging in early ...

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• 22 January

  Pound strengthens on upbeat wage data

  

  Bloomberg The pound gained for a second day as upbeat UK employment data buoyed investor sentiment that was already underpinned by optimism the nation will avoid a no-deal Brexit. Sterling rose above $1.29 as official data showed wage growth in Britain was the fastest since the financial crisis during the three months through November, while the unemployment rate declined to ...

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• 22 January

  PetroChina brushes off $1.5bn writedown while profit doubles

  

  Bloomberg PetroChina Co brushed off a $1.5 billion writedown from the disposal of some assets as it estimated full-year net income more than doubled last year thanks to higher crude prices. China’s biggest oil and gas producer said net income could have jumped as much as 132 percent in 2018, according to a filing to the Hong Kong stock exchange, ...

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• 22 January

  EDP plans to double size in Brazil by 2020

  

  Bloomberg The Brazilian unit of EDP — Energias de Portugal SA plans on boosting investments once Latin America’s largest economy starts to recover, aiming to double in size by 2020. The firm, which began operating in Brazil during the privatisation wave of the 1990s, is “completely optimistic” with the outlook for the country, Chief Executive Officer Miguel Setas said in ...

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• 22 January

  MEG plans to spend less, boost output

  

  Bloomberg MEG Energy Corp looks to be on its own again after Husky Energy Inc pulled its hostile bid for the Canadian oil-sands producer and no white knight emerged during the takeover battle. The data room that MEG had opened to entice other suitors during the Husky tussle is now closed, and its strategic review process has concluded, said Megan ...

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• 22 January

  US-China trade talks fall short on make-or-break IP issues

  

  Bloomberg Ever since negotiators from the US and China sat down in Beijing after a Christmas meltdown in global markets, President Donald Trump has sought to calm investors and claim his trade talks are making great strides. But that glosses over a more uncomfortable reality. According to people close to the discussions, the two sides have so far made little ...

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• 22 January

  ‘US seeking Huawei CFO’s extradition’

  

  Bloomberg The US has indicated it will pursue the extradition of a top Huawei Technologies Co. executive, Canada’s ambassador to Washington said, suggesting the case might not be resolved in trade talks with China. Ambassador David MacNaughton confirmed in an email that US officials have continued to signal an intent to follow through on the case against Huawei Chief Financial ...

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• 22 January

  Jiayuan chairman, wife sold Hong Kong stock

  

  Bloomberg The chairman of a Hong Kong-listed property developer and his wife cut their stake just as the stock plunged 89 percent. Shares were halted from trading after sinking again on Tuesday. Shum Tin Ching and his wife Wang Xinmei sold 93.6 million shares of Jiayuan International Group Ltd at an average of HK$2.7611 apiece — about a 79 percent ...

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• 22 January

  Tesla denies it signed deal with China’s Lishen

  

  Bloomberg Tesla Inc hasn’t signed any pact with Tianjin Lishen Battery Joint-Stock Co, a spokeswoman for the electric-car maker said, denying a Reuters report that it had inked a preliminary agreement with the Chinese firm. “This is completely false,” according to a WeChat response to a query from Bloomberg News. “Tesla previously received quotes from Lishen, but did not proceed ...

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• 22 January

  Singapore to focus on health, infrastructure in budget

  

  Bloomberg Singapore’s finance minister said next month’s budget will focus on infrastructure spending, healthcare for an aging population, and helping businesses transition to a digital economy. “We want to be able to continue to invest in education, the healthcare of our people, and in taking care of the growing number of seniors,” Heng Swee Keat said in an interview with ...

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