January, 2019

• 23 January

  China rips into Tencent’s news service, kills apps

  

  Bloomberg China is stepping up its efforts to rein in the country’s internet, singling out Tencent Holdings Ltd’s popular news app for spreading vulgar information while shutting down more than 700 websites and thousands of apps in the span of three weeks. The Cyberspace Administration of China has scrubbed the web of more than 7 million items since January 3, ...

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• 23 January

  Japan’s chain draws China deal interest

  

  Bloomberg General Oyster Inc, Japan’s largest oyster restaurant operator, has been approached by several Chinese companies interested in buying a stake or perhaps acquiring the business, according to people familiar with the matter. Three Chinese firms, including a large internet company, have expressed interest in separate deals with General Oyster, said the people, asking not to be identified because the ...

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• 23 January

  Thailand to hold its first election since coup in 2014

  

  Bloomberg Thailand will hold a general election on March 24 for the first time since a coup in May 2014. The date was set by the Election Commission in Bangkok on Wednesday, a few hours after a royal decree was issued authorising the poll. Voting will take place under a military-backed charter, ending one of the longest periods of rule ...

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• 23 January

  Russia to uphold nuclear pact even if US suspends it

  

  Bloomberg Russia showed foreign envoys a missile that’s at the centre of a dispute with the US over a landmark nuclear treaty, as Moscow mounted a diplomatic offensive against Washington’s plans to withdraw from the pact. US demands for the elimination of the 9M729 missile are “unacceptable,” Russian Deputy Foreign Minister Sergei Ryabkov said in a televised briefing for foreign ...

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• 23 January

  Australian writer detained in China

  Bloomberg Writer and former Chinese diplomat Yang Hengjun, who is now an Australian citizen, has been detained by the Chinese government, according to one of his friends. Yang boarded a flight from New York to the southeastern Chinese city of Guangzhou and was scheduled to arrive on Saturday, Feng Chongyi, an associate professor in China studies at the University of ...

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• 23 January

  EU presses Ireland for no-deal Brexit border plan

  

  Bloomberg The European Commission is pushing the Irish government to lay out its plans for the border in the event of a no-deal Brexit, a person familiar with the matter said. Ireland has proved elusive when the Commission has attempted to pin down the government on its plan, according to the person, who spoke on condition of anonymity. A Commission ...

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• 23 January

  ‘Brazil must reform or become next Venezuela’

  

  Bloomberg Brazil’s President Jair Bolsonaro pledged swift and sweeping measures to fix the economy and ward off what he said was a risk that Latin America’s largest nation turns into a Venezuela-style regime. Plans to sell a large number of state-owned companies are nearly ready, and a proposal to be sent to Congress will bring “substantial” cuts to pension outlays ...

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• 23 January

  Priyanka Gandhi enters India’s political fray

  

  Bloomberg Priyanka Gandhi Vadra, a scion of India’s Nehru-Gandhi dynasty, has formally joined the nation’s political scene ahead of the general election to take on Prime Minister Narendra Modi’s ruling party. Vadra, 47, is the younger sister of Rahul Gandhi, who’s president of India’s opposition Congress party. She’s been appointed a general secretary of the party and will manage elections ...

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• 23 January

  US stocks surge on earnings surprises; dollar rally stalls

  

  Bloomberg US equities advanced alongside stocks in Europe as traders weighed the latest corporate earnings and moves to end the American government shutdown against lingering doubts over trade. The dollar’s six-day rally stalled and Treasury yields rose. The S&P 500, Dow Jones and Nasdaq indexes all opened higher after IBM topped profit estimates and Procter & Gamble increase the upper ...

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• 23 January

  Nasdaq, Citi invest in blockchain firm

  

  Bloomberg Nasdaq Inc and Citigroup Inc are among firms that are investing $20 million in Symbiont.io Inc, a New York-based company that’s applying blockchain technology to capital markets. Their support for Symbiont shows Wall Street’s enthusiasm for the technology behind Bitcoin hasn’t completely cooled with the collapse in cryptocurrencies. And it comes despite a growing pragmatism about the technology’s limitations ...

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