December, 2018

• 12 December

  Uber picks Morgan Stanley to lead next year’s IPO

  

  Bloomberg Uber Technologies Inc has selected Morgan Stanley to lead its public offering next year, according to two people familiar with the matter, meaning the investment bank will reap a larger share of the fees associated with a listing valuing the company at as much as $120 billion. It’s another big win for Morgan Stanley banker Michael Grimes, who has ...

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• 12 December

  Theresa May faces confidence vote in UK on her leadership

  

  Bloomberg Theresa May was expected to face a vote of confidence in her leadership of the Conservative Party as the embattled UK prime minister warned the rebels who want her out that they will be putting Brexit at risk. Tory members of Parliament were expected to vote on Wednesday evening on whether they have confidence in May. If she loses, ...

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• 12 December

  Catalan tensions back as Spain warns to send over police

  

  Bloomberg Spanish Prime Minister Pedro Sanchez threatened to deploy national police to the restive Catalonia region, as tensions escalate between Madrid and Barcelona. The central government sent three letters to the pro-independence Catalan administration this week warning that the regional Mossos police had failed to ensure basic security during recent protests, which paralysed several highways for hours with impunity. Sanchez ...

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• 12 December

  Orban tightens grip on Hungary courts

  

  Bloomberg Hungarian Prime Minister Viktor Orban’s long march towards one-man rule in the heart of the European Union hit a new milestone. Shrugging off the threat of sanctions from Brussels, Orban’s lawmakers approved a law that will further tighten his hold over the country’s court system. Opposition lawmakers tried to prevent the opening of the parliamentary session and then whistled ...

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• 12 December

  Kim Jong-un unlikely to visit S Korea this year

  Bloomberg North Korean leader Kim Jong-un is not expected to visit the South before the end of the year, South Korean President Moon Jae-in’s office said. Kim may still travel to Seoul in January for what could mark the first trip by any North Korean leader to the South’s capital, presidential spokesman Yoon Young-chan said in a text message. Yonhap ...

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• 12 December

  Scandal hits Africa’s ‘party for the poor’

  

  Bloomberg The top leaders of South Africa’s Economic Freedom Fighters, famous for abrasive politics and brawling in parliament, have become embroiled in a string of scandals that has dented the party’s efforts to portray itself as a voice of the poor ahead of elections in May. Deputy party leader Floyd Shivambu allegedly secured funds looted from the failed VBS Mutual ...

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• 12 December

  Salvini may seek new election over ‘budget’

  

  Bloomberg As Prime Minister Giuseppe Conte prepared to present his budget in Brussels, one of the main powers behind Italy’s government, League leader Matteo Salvini, may be looking beyond the crisis a failed spending plan could trigger and toward new elections early next year, la Repubblica reported. With both Salvini and fellow Deputy Prime Minister Luigi Di Maio of the ...

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• 12 December

  For Taiwan, ‘status quo’ is a delicate balancing act

  

  If you like betting on embattled underdogs, President Tsai Ing-wen is worth a look. She’s tempting the wrath of her powerful neighbour in mainland China by arguing that Taiwan must maintain its own open culture, democratic values and, yes, its sovereignty. Tsai is a petite woman, dressed in a plain black suit, who speaks the careful language of a Cornell-educated ...

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• 12 December

  RBI governor goes far too quietly

  

  People who know Urjit Patel, the Reserve Bank of India (RBI) governor, told me he would stay on and fight. That was in late October, when it became clear from his deputy’s speech that New Delhi was making a determined attempt to curtail the RBI’s authority as a banking regulator, and even to raid its capital. But after a November ...

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• 12 December

  Apple investors are finding a glimmer of hope in Taiwan

  

  Apple Inc. investors looking for any ray of hope may have found it in Taiwan. Shares of Apple have fallen more than a quarter since October on concern that iPhone sales are slowing, a prospect that’s been exacerbated by the threat of US tariffs on devices made in China. Revenue at the two main assemblers of iPhones showed growth that ...

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