January, 2019

• 9 January

  China Road wins $134mn bridge tender

  Bloomberg China Road & Bridge Corp won a tender for 77 billion CFA francs ($134 million) to build a bridge in the West African nation’s commercial capital, Abidjan. The contract is part of the $700 million Cocody Bay precinct project, the presidency said in a statement published in the state-owned Fraternite Matin newspaper. Funded by the Islamic Development Bank, it ...

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• 9 January

  Infosys drives India stocks higher in earnings season

  

  Bloomberg India stocks rose, led by Infosys Ltd after the software exporter said it will consider buying back shares and issuing a special dividend at its board meeting this week. Earnings season for companies began on Wednesday with IndusInd Bank Ltd. The S&P BSE Sensex climbed 0.7 percent to 36,216.90 in Mumbai. The broader NSE Nifty 50 Index added 0.3 ...

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• 9 January

  US-China trade talks end on positive note

  

  Bloomberg China and the US wrapped up three days of trade talks, with people familiar saying their positions were closer on areas including energy and agriculture but further apart on harder issues. Beijing will be releasing a statement soon on the negotiations, Chinese foreign ministry spokesman Lu Kang said, adding that a one-day extension shows both sides are serious about ...

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• 9 January

  Ghosn loses appeal against detention

  

  Bloomberg Carlos Ghosn lost an appeal against his ongoing detention, diminishing prospects of an early release on bail for the auto industry icon fighting charges of financial misconduct while he was heading Nissan Motor Co. The Tokyo District Court rejected the petition filed by Ghosn’s defense team, according to a statement from the court shared with the media by the ...

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• 9 January

  Indonesian president wants to save billions lost to infamous Jakarta traffic

  

  Bloomberg Indonesian President Joko Widodo is on a mission to save billions of dollars lost to Jakarta’s notorious traffic congestion. Widodo, known as Jokowi, held a cabinet meeting and ordered officials to tackle the worsening traffic bottleneck in the Greater Jakarta area that authorities estimate causes about 65 trillion rupiah ($4.6 billion) of annual economic losses. The president also asked ...

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• 9 January

  China’s HNA sells Manhattan building

  Bloomberg HNA Group Co sold a building in Manhattan to help ease the embattled conglomerate’s debts and stave off US concerns about a Chinese company owning property near Trump Tower. HNA completed the sale, the group said in a statement, without providing details. Bisnow reported earlier that investor and real estate developer Jacob Chetrit and his sons bought the tower ...

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• 9 January

  Siemens-Alstom assets draw bids amid push to sway EU

  

  Bloomberg Siemens AG and Alstom SA are pushing ahead with the sale of train-equipment assets in a bid to salvage their rail merger amid European Union antitrust scrutiny, people with knowledge of the matter said. Companies including Hitachi Ltd, Wabtec Corp, Switzerland’s Stadler Rail AG and Thales SA submitted offers by a deadline earlier this month, the people said, asking ...

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• 9 January

  Mexico to cut tax for companies holding IPOs to 10 percent

  

  Bloomberg Mexico will cut the tax rate paid by companies on the proceeds of initial public offerings to 10 percent as part of a broad-ranging plan to boost public offerings and spur growth in the financial system. Finance Minister Carlos Urzua announced the measure at an event led by President Andres Manuel Lopez Obrador and Banco de Mexico Governor Alejandro ...

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• 9 January

  Apple supplier Skyworks cuts sales, profit forecasts

  

  Bloomberg Skyworks Solutions Inc, a key Apple Inc supplier, cut sales and profit forecasts. Fiscal first-quarter revenue will be about $970 million, down from prior guidance of between $1 billion and $1.02 billion. Earnings, excluding certain items, will be $1.81 to $1.84 a share, versus a previous forecast of $1.91, the company said. Chief Executive Officer Liam Griffin blamed the ...

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• 9 January

  Fiat nears deal to end US diesel probe

  

  Bloomberg Fiat Chrysler Automobiles NV is nearing a settlement with the US Justice Department that would end a two-year criminal investigation into whether it knowingly sold diesel vehicles that violated clean-air rules, according to two people familiar with the matter. The resolution would include a financial penalty in line with Fiat Chrysler’s guidance to investors, one of the people said. ...

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