January, 2019

• 15 January

  South Korea drops enemy tag for North

  

  Bloomberg South Korea dropped a reference to North Korea as its “enemy” in a Defense Ministry white paper for the first time since 2010, reflecting warming ties between the neighbours still technically at war. In a report released on Tuesday, the ministry said that North Korea’s weapons of mass destruction remained a threat to “peace and security on the Korean ...

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• 15 January

  ‘Fragile’ Modi set to lose India polls, says oppn lawmaker

  

  Bloomberg The opposition leader who delivered the biggest blow to Narendra Modi’s ruling party in five years has vowed to replicate recent state-level victories in India’s upcoming general poll. India’s main opposition Congress party scored its biggest win yet against Modi when it turfed his Bharatiya Janata Party from three state governments in December elections. Congress lawmaker and Wharton alumni ...

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• 15 January

  Brexit ‘will be delayed’, say diplomats

  

  Bloomberg British and European Union diplomats are now working on the assumption that the UK will leave the bloc later than the planned exit date of March 29 if PM Theresa May loses Tuesday’s Brexit deal vote in Parliament. Officials dealing with Brexit for the UK and EU are separately preparing for the possibility, even though there have been no ...

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• 15 January

  Al-Qaeda group claims Kenya attack; three dead

  Bloomberg Al-Qaeda-linked militants said they were behind an ongoing attack on an upmarket hotel and office complex in Kenya’s capital that local media report claimed at least three lives. Gunmen stormed the complex at 14 Riverside Drive in Nairobi, which houses a Dusit Hotels & Resorts Co outlet, restaurants, banking facilities and offices, police Inspector-General Joseph Boinnet said in a ...

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• 15 January

  Technology stocks gain as Beijing combats slowdown

  

  Bloomberg Technology shares pushed major indexes higher after China ratcheted up stimulus measures to combat slowing growth. Treasuries and the dollar advanced. The S&P 500 rose for the first time in three sessions as senior Chinese officials vowed to cut taxes to boost the economy, lifting technology companies battered by concerns about the rising impact of the US-China trade war. ...

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• 15 January

  China’s yuan heads for six-month high

  

  Bloomberg China’s yuan is shrugging off poor economic data to head for its strongest level in six months, but the gains are coming so fast they’re casting uncertainty over the rally’s longevity. The currency rose as much as 0.42 percent to 6.7383 per dollar on Tuesday, in line for its highest close since July. It has rallied 1.8 percent this ...

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• 15 January

  India stocks gain as low inflation kindles hopes

  Bloomberg Indian stocks rose, joining peers across Asia, as inflation in December eased to an 18-month low, increasing the odds that the central bank may reduce rates helping revive demand and lower the cost of borrowing for companies. The S&P BSE Sensex advanced 1.3 percent to 36,318.33 at the close in Mumbai, snapping three sessions of decline and clocking its ...

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• 15 January

  Sears extends talks on Eddie Lampert’s plan to rescue chain

  

  Bloomberg Talks on the latest Sears takeover bid from Chairman Eddie Lampert continued late into Monday evening as stakeholders tried to reach an agreement on whether Sears Holdings Corp should live on. Negotiators initially didn’t embrace Lampert’s revised rescue plan for the bankrupt retailer, but they were concentrating on his proposal rather than competing bids from liquidators, according to people ...

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• 15 January

  Boohoo offers relief with ‘holiday sales’

  Bloomberg Boohoo Group Plc lifted its full-year growth forecast after the online apparel seller’s Instagram-fuelled marketing strategy paid off over the holidays, offering a measure of relief to an embattled UK retail sector. The group lifted its growth forecast for the year to a range of 43 percent to 45 percent from a previous 38 percent to 43 percent after ...

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• 15 January

  Security waits top an hour at Atlanta airport amid shutdown

  

  Bloomberg Some airport security lanes in Atlanta, Washington and Houston were closed as the Transportation Security Administration (TSA) continued to grapple with more absenteeism during the partial government shutdown. The TSA will begin relocating airport screening officers “on a national basis to meet staffing shortages that cannot be addressed locally,” the federal agency said in a tweet. The TSA will ...

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