November, 2018

• 20 November

  Deep divisions hinder Canadian crude industry in fight of its life

  

  Bloomberg Amid the worst crude-price environment in its history, the Canadian oil industry is being ham- strung by internal divisions that are making it harder to rally around potential solutions. That draws a stark contrast to the US, where a less divided industry wields more clout. Most notable is the split between Canada’s pure producers, who are being devastated by ...

  Read More »
• 20 November

  Natural gas holds gains after reaching 8-year high

  

  Bloomberg Natural gas took a breather after its biggest gain in eight years as forecasts for lingering US cold spurred concern supplies may not be enough to meet winter demand. Gas for December delivery eased 3.1 percent in Asia after surging 18 percent to settle at $4.837 per million British thermal units, the highest since the “polar vortex” of early ...

  Read More »
• 20 November

  Bid to topple May sputters as Brexiteer revolt struggles

  

  Bloomberg Evidence is mounting that the plot to oust UK Prime Minister Theresa May is faltering. To trigger a vote of no confidence in her leadership, a total of 48 Conservative lawmakers need to submit letters, texts or emails calling for one. Late last week, as the backlash against May’s Brexit deal gathered pace, there was speculation that the threshold ...

  Read More »
• 20 November

  Afghan suicide bomber targeting clerics kills 43

  

  Bloomberg A suicide bomber targeting a gathering of hundreds of religious scholars in Afghan capital Kabul killed 43 clerics and wounded more than 80 others, Afghan officials said. No group has immediately claimed responsibility for the attack. The bomber detonated explosives as the clerics were commemorating the birthday of Prophet Mohammad in a wedding hall, said Kabul police spokesman Basir ...

  Read More »
• 20 November

  Lawyer defends Ivanka Trump’s private email use

  Bloomberg Ivanka Trump used a private email account “while transitioning into government,” a spokesman for her lawyer said. Peter Mirijanian, a spokesman for Trump’s lawyer Abbe Lowell, said in a statement that President Donald Trump’s elder daughter — whose White House staff title is assistant to the president — used the private email “almost always for logistics and scheduling concerning ...

  Read More »
• 20 November

  NATO looks north as it scrambles to prepare for ‘cold war’

  

  Bloomberg The enemy had destroyed the bridge. Near the village of Telneset in central Norway, German and Norwegian troops arrived too late to save the strategic crossing. Stuck on the banks of the Glomma river, military engineers worked to assemble a mobile ferry instead. If truly at war, they may have moved more quickly. But as it was, the atmosphere ...

  Read More »
• 20 November

  Xi’s Manila visit yields raft of deals

  

  Bloomberg Xi Jinping sealed a raft of deals on Tuesday during a trip to Manila as Philippine President Rodrigo Duterte’s administration shrugs off US warnings about accepting Chinese cash. Xi’s two-day trip marks the first state visit to the Philippines by a Chinese president in 13 years. The visit reflects warmer ties that began when Duterte took office and pivoted ...

  Read More »
• 20 November

  Kabila’s protege pledges tripling in Congo spending

  

  Bloomberg The ruling coalition’s candidate in the Democratic Republic of Congo’s presidential election pledged to almost triple government spending if he’s elected. Emmanuel Ramazani Shadary, 57, is vying to become leader of the world’s biggest cobalt producer in a vote scheduled for December 23. The former interior minister was handpicked by President Joseph Kabila, who’s stepping aside after 17 years ...

  Read More »
• 20 November

  JD founder struggles to calm investors after slowdown

  

  Bloomberg JD.com Inc. founder Richard Liu is struggling to reassure investors of his e-commerce giant’s prospects amid rising competition and a global trade war, even as US prosecutors mull whether to charge him over rape allegations. JD’s ADRs slid 8.4 percent in US trading to the lowest in more than two years after a disappointing earnings report and Liu’s first ...

  Read More »
• 20 November

  Bharti signs for over $2 billion loan amid threat of ratings cut

  

  Bloomberg Bharti Airtel Ltd. is raising more than $2 billion in loans from banks, as India’s second-biggest wireless carrier faces increased competition at home and the threat of a ratings downgrade to junk. The company, controlled by billionaire Sunil Bharti Mittal, has agreed to two- and three-year bilateral loans with 10 to 12 lenders, according to people with knowledge of ...

  Read More »