November, 2018

• 26 November

  May launches campaign to win crunch Brexit vote

  

  Bloomberg Theresa May was expected to begin selling her Brexit agreement to skeptical politicians and the British public on Monday with a warning that “there is not a better deal available.” The UK prime minister will appeal to members of Parliament to vote for the contract she finalised over the weekend with the European Union and avoid the turmoil of ...

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• 26 November

  Pro-China party win dents Tsai authority

  

  Bloomberg Taiwan’s pro-independence leader, Tsai Ing-wen, has just over a year to win back public support if she wants to avoid going down in history as the island’s first one-term president. Her Democratic Progressive Party suffered a resounding loss to the China-friendly Kuomintang in local elections. The scale of the defeat was far greater than forecast, with the DPP losing ...

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• 26 November

  Swiss reject plan that risked affecting EU ties

  Bloomberg Switzerland overwhelmingly rejected a plan that could have caused a worsening of relations with the European Union by forcing the government in Bern to renegotiate international treaties. Two-thirds voters opposed the “self-determination” initiative, which argued for the constitution to take precedence over international law, potentially triggering revisions of treaties if there are conflicts. Polls had indicated a likely rejection. ...

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• 26 November

  LNG import boom no relief for Australian gas prices

  

  Bloomberg Plans in Australia to import gas to ease a supply squeeze may fail to bring down domestic prices as it pits the nation against some of the world’s biggest buyers for supplies. Australia finds itself in the odd position of having to consider four projects to import liquefied natural gas (LNG) while simultaneously being on track to become the ...

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• 26 November

  Brazil’s Bolsonaro seeks $30bn oil boon

  

  Bloomberg President-elect Jair Bolsonaro is pursuing the sale of Brazil’s deep-sea treasure-trove of oil, but just weeks after his election he’s facing the same political obstacles as his two predecessors. While Bolsonaro’s transition team argues the sale could net some $30 billion to help plug fiscal deficits, a squabble over how to divvy up the spoils between various states and ...

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• 26 November

  UK weighs hydrogen as ‘green form of heat’

  Bloomberg An influential panel of lawmakers in UK parliament is encouraging the government to develop hydrogen as a way to provide a green form of heat for industry and homes. The Committee on Climate Change, which advises the government on energy and environmental policies, said ministers should write a strategy for removing carbon emissions from heat in the next three ...

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• 26 November

  Oil rises from one-year low

  Bloomberg Oil rose from its lowest settlement in more than a year in New York. Futures added 1.7 percent, after slumping 7.7 percent. Saudi Arabia is pumping as much as 11.2 million barrels of crude a day, the most since the kingdom extracted its first oil eight decades ago, according to a person familiar with the matter. Theb West Texas ...

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• 26 November

  Western Canadians slam lack of oil aid in budget

  Bloomberg Justin Trudeau’s federal budget update stirred some anger in Canada’s oil-rich West. Alberta’s Finance Minister Joe Ceci, while welcoming corporate tax breaks announced, said he was disappointed that the urgent need to ease a dramatic crude-shipping glut and price crash wasn’t addressed. The tax changes that will allow businesses to write off capital investments more quickly will help oil ...

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• 26 November

  Souring US ties prompt China to seek sweeter Indian trade

  

  Bloomberg The ongoing trade war between China and the US is pushing the Asian powerhouse to sweeten ties with neighbouring India. China’s refiners are considering the purchase of unprecedented amounts of Indian raw sugar, with a delegation visiting the South Asian nation next month to meet mill officials and inspect logistics infrastructure, according to an Indian official. Refiners may buy ...

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• 26 November

  RCom tells top court asset sale to Jio at risk from India demand

  

  Bloomberg Billionaire Anil Ambani’s Reliance Communications Ltd. has told India’s top court that its asset sale to Reliance Jio Infocomm Ltd. may not go through if approvals aren’t in place by mid-December, putting at risk planned debt repayments by the distressed company. India’s government has moved the Supreme Court against allowing the sale unless it is given $417 million in ...

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