November, 2018

• 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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• 26 November

  Massive dust storm engulfs northwestern Chinese city

  Bloomberg A massive dust storm rolled through China’s northwestern province of Gansu on Sunday, enveloping office blocks and apartment buildings. The People’s Daily posted footage of the dust storm advancing through Gansu’s Zhangye city to its social media accounts on Sunday. The mass reached 100 metres and blotted out the blue sky as it moved through the city, according to ...

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• 26 November

  Beijing air quality worst in 18 months

  

  Bloomberg Beijing’s air quality was the worst in 18 months on Monday, a possible result of more flexible emissions curbs for the winter. The economic slowdown may have been behind the decision to move away from the hard targets of last year, with the government trying to keep factories churning, according to some economists. The concentration of PM 2.5 particles ...

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• 26 November

  Ghosn removed as Mitsubishi chairman in boost to Nissan

  

  Bloomberg Carlos Ghosn was dismissed as Mitsubishi Motors Corp. chairman in a boost to its biggest shareholder Nissan Motor Co., which has been positioning to secure more power in the alliance they share with Renault SA in the wake of the car titan’s shock arrest. The board of the smallest and newest member of the world’s biggest auto union — ...

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• 26 November

  Hong Kong’s top IPO­­­s bring worst returns

  Bloomberg Hong Kong’s hottest initial public offerings have produced the worst returns for investors this year, while the least popular deals have fared far better. Ping An Healthcare and Technology Co., in which retail investors placed orders for 654 times the shares initially available, has tumbled 37 percent since it started trading in May. Biotechnology firm Ascletis Pharma Inc., whose ...

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• 26 November

  Brexit makes London property market outlook hard to read

  

  Bloomberg London’s biggest office landlords face an unprecedented situation: a political fork in the road that could send the real estate market in polar opposite directions. Developers such as Land Securities Group Plc, British Land Co and Great Portland Estates Plc bet on the way the market will look years in the future when they green light plans to buy ...

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• 26 November

  Tech tax advocates prepare last-ditch push for EU deal

  

  Bloomberg Proponents of a tax on the European revenue of tech giants are preparing a last-ditch push for a deal this week, amid continuing resistance to a levy that divides the region’s governments and threatens to fragment its single market. European Union envoys in Brussels will discuss the latest compromise proposal on Wednesday, said a person familiar with the matter. ...

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• 26 November

  Sweden firm Dometic set to unveil cost cuts

  

  Bloomberg Dometic AB’s chief executive officer is readying a new strategic direction and will unveil a cost-savings package for the Swedish maker of cooling and ventilation products for vehicles and boats. With the measures, which include shifting manufacturing and seeking out new customers groups, Juan Vargues is trying to get investors to look beyond a recent slump in the market ...

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