October, 2018

• 27 October

  Trump vows to end violence in wake of ‘bombing attempts’

  

  Bloomberg Donald Trump vowed to end political violence in the US after the arrest of a suspect in a string of bombing attempts aimed at the president’s critics, then used the moment to complain about hostility directed at him. “We must never allow political violence to take root in America,” Trump said at the White House, shortly after the arrest. ...

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• 27 October

  German state vote tests Merkel’s authority

  

  Bloomberg A German state election is putting Angela Merkel’s chancellorship on the line on Sunday as rarely before. Voters in Hesse, a state that includes the nation’s financial center of Frankfurt, are going to the polls amid public antipathy to the bickering coalition government in Berlin. It’s the last electoral test of Merkel’s standing before a Christian Democratic Union convention ...

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• 27 October

  Super Typhoon Yutu threatens Philippines

  Bloomberg Super Typhoon Yutu could rip into eastern Luzon in the Philippines on Tuesday, extending the toll of destruction it left in the US Northern Mariana Islands earlier this week. Yutu was about 731 miles east of Luzon with winds of about 155 miles per hour, equivalent to a Category 4 storm on the five-step Saffir-Simpson scale, early Saturday US ...

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• 27 October

  Energy giants woo China with $24bn spree in old pirate lair

  

  Bloomberg A Chinese archipelago that served as a pirate’s den in centuries past and was governed by President Xi Jinping in the new millennium is luring the world’s energy giants. State-run Saudi Arabian Oil Co. and US behemoth Exxon Mobil Corp. were among firms that signed $24 billion in preliminary deals last week at the International Petroleum and Natural Gas ...

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• 27 October

  Trump approves first oil production facility from manmade island

  

  Bloomberg The Trump administration has authorized Hilcorp Energy Co.’s plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude — marking the first approval of an oil production facility in federal Arctic waters. The Interior Department’s conditional approval — subject to seasonal restrictions and other required permits — represents a ...

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• 27 October

  Adani goes green in coal country for first Australian project

  

  Bloomberg Adani Enterprises Ltd., best known in Australia for its stalled Carmichael coal project, is nearing completion of a solar power farm in the Bowen Basin in Queensland, a region closely associated with coal mining. Commissioning of the first phase of the Rugby Run solar project will begin in December and power will be delivered from early next year, Adani ...

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• 27 October

  China, Japan vow to cooperate as Trump hits both on trade

  

  Bloomberg China and Japan capped a restoration of ties with agreements on everything from currency swaps to ocean rescue, a thaw that comes as President Donald Trump seeks better trade terms with both nations. Shinzo Abe became the first Japanese prime minister to pay an official visit to China in seven years, as Asia’s two largest economies sought to play ...

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• 27 October

  Asset management industry in Singapore clocks strong growth

  

  Bloomberg Assets are piling up at managers based in Singapore, where they rose 19 percent last year, faster than the global rate and the nation’s own historical average, according to its financial regulator. Managers in Singapore handled S$3.3 trillion ($2.4 trillion) in 2017, with drivers coming from traditional assets as well as those from private equity, hedge funds and others, ...

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• 27 October

  Malaysia tax-free period to up Q3 earnings growth

  

  Bloomberg Earnings for Malaysian companies will show growth, thanks to the tax-free period that firms enjoyed after the newly elected government replaced the goods and services levy with one on sales and services. The season, which began with results from Public Bank Bhd. is expected to benefit from higher spending as taxes were dropped for most of the September quarter, ...

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• 27 October

  Remittances by overseas Indians set to hit record $76 billion amid rupee slump

  

  Bloomberg Lured by the sharp slump in rupee against the dollar, Indians living overseas may boost remittances to a record, helping bolster the nation’s efforts to support Asia’s worst-performing major currency. The country is expected to receive remittances of about $76 billion in 2018, 10 percent more than in the previous year, according to estimates by EbixCash, the financial exchange ...

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