January, 2019

• 16 January

  Brexit pushes UK to brink as government fights to survive

  

  Bloomberg The UK stands at its most dangerous crossroads in decades after Parliament emphatically rejected Theresa May’s Brexit deal and left her facing an uncomfortable vote to oust her government. The humiliating defeat on Tuesday evening, the biggest for any government in modern history, leaves May’s divorce agreement with the European Union all but dead and opposition leader Jeremy Corbyn ...

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• 16 January

  US and South Korea mulling incentives for Kim in nuclear talks

  

  Bloomberg The US and South Korea are discussing “corresponding measures” to reward North Korea’s steps towards denuclearisation, South Korea’s foreign minister said, as President Donald Trump and Kim Jong-un prepare for a possible second summit. Foreign Minister Kang Kyung-wha told a news conference in Seoul that the allies were reviewing various packages of incentives that Washington could bring to the ...

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• 16 January

  China seeking nuclear bomber to compete with US

  

  Bloomberg China is likely developing a long-range bomber capable of delivering nuclear weapons and a space-based early warning system it could use to more quickly respond to an attack, according to a new report from the US Defense Intelligence Agency (DIA). The development of the bomber, when combined with China’s land-based nuclear weapons programme and a deployed submarine with intercontinental ...

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• 16 January

  Nairobi attack a blow for Kenya tourism

  

  Bloomberg The attack on an upmarket hotel complex in Kenya’s capital that claimed at least 14 lives may impact the East African nation’s key tourism industry, which was recovering from a wave of extremist assaults earlier this decade. Al-Qaeda-linked militants in Somalia have claimed responsibility for the terror attack on 14 Riverside in Nairobi, their first significant assault in Kenya ...

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• 16 January

  Venezuelan oppn plans showdown with Maduro

  Bloomberg Venezuela’s opposition-dominated National Assembly is making a concerted effort to unseat autocratic President Nicolas Maduro, invoking constitutional measures that would seat an acting chief executive and offering blanket amnesty to military and government officials who help in bringing down the regime. In a matter of a week, Venezuela’s beaten down and divided opposition has rallied around a 35-year-old lawmaker, ...

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• 16 January

  Saudi PIF to drive kingdom’s renewables growth

  

  Bloomberg Saudi Arabia’s sovereign wealth fund will develop the bulk of the kingdom’s proposed renewable power projects, turning it into one of the region’s biggest utility investors. The Public Investment Fund (PIF) will be responsible for developing 70 percent of the kingdom’s renewable power capacity, Saudi Energy Minister Khalid Al-Falih said in a speech in Abu Dhabi. The rest will ...

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• 16 January

  Opec, allies to review output cuts in March

  

  Bloomberg Opec and its allies plan to hold a meeting in March to assess their oil-production accord in Azerbaijan, and then ministers will gather to set policy in April, according to the organisation’s top official. The body that reviews the implementation of Opec’s supply cuts, the Joint Ministerial Monitoring Committee, will convene in the Azeri capital of Baku on March ...

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• 16 January

  India restricts private refiners from tapping Iranian crude quota

  Bloomberg India will not share the limited supply of Iranian crude allowed under a US waiver from sanctions with private refiners, according to people with knowledge of the matter. That is a departure from the earlier practice of splitting exempted volumes. The government has asked four state refiners led by Indian Oil to share the entire 9 million barrels of ...

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• 16 January

  US stocks gain amid signs of great start to earnings season

  

  Bloomberg US stocks gained amid signs of a better-than-expected start to the earnings season. The pound was little changed against the dollar before a vote on the UK’s government. The S&P 500 rose to within a whisker of its average price over the past 50 days, a level it hasn’t breached since early December. Financials buoyed major indexes as Goldman ...

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• 16 January

  Crypto theft has a safer way to trade

  

  Bloomberg Big investors who’ve soured on cryptocurrencies because of the industry’s billion-dollar theft problem will soon have a new way to trade that’s touted as a safer solution. By the end of the month, BitGo Inc’s customers will be able to buy or sell Bitcoin, Ether and other digital assets without the coins ever leaving cold storage — in other ...

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