September, 2018

• 30 September

  ‘Roads of Arabia’ to open on November 8 at Louvre Abu Dhabi

  

  ABU DHABI / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and in partnership with the Saudi Commission for Tourism and National Heritage (SCTH), Louvre Abu Dhabi hosts ‘Roads of Arabia: Archaeological Treasures of Saudi Arabia’, the second international exhibition on ...

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• 30 September

  America’s biggest source of energy has power problem

  

  Bloomberg America’s fastest-growing source of energy has a power problem. The Permian Basin, which produces almost 4 million barrels of oil a day, has expanded so quickly that suppliers of the electricity needed to keep wells running are struggling to keep up. The Delaware portion alone consumed the equivalent of 350 megawatts this summer, tripling the load from 2015. That’s ...

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• 30 September

  Euro-area inflation rate climbs above 2% on energy cost

  

  Bloomberg Euro-area inflation accelerated in September amid a surge in energy costs, while underlying price moves remained more subdued. The core measure of inflation, which strips out volatile energy and food, fell to 0.9 percent from 1 percent. That’s a blow to European Central Bank President Mario Draghi, who just this week cited faster wage growth and a “relatively vigorous” ...

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• 30 September

  Egypt top stock to renew gains over refinery boost

  Bloomberg The best-performing stock in Egypt this year might be about to reward investors even more as a turnaround plan moves forward and the company completes a long-awaited project. Qalaa Holdings SAE, the Egyptian investment firm formerly known as Citadel Capital, is pushing to end annual losses by selling underperforming assets and lowering debt before its flagship oil refinery venture ...

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• 30 September

  Oil bullishness hits four-month high

  

  Bloomberg It seems hedge funds are jumping on the $100 crude bandwagon. As speculation increases that global oil prices could again trade that high, money managers are piling on bullish wagers, while short-selling shrinks. They are the most optimistic on a rally of Brent crude in over four months. This week, the benchmark closed above $80 for the first time ...

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• 30 September

  Mexico may buy US crude for first time

  Bloomberg Mexico may finally buy US crude oil for the first time ever. After three years of announcements, negotiations, and potential deals, Petroleos Mexicanos is seeking to buy a trial cargo of 350,000 barrels for its refineries in October. The much-anticipated deal has been in the making since 2015, when US exports were still banned and Mexico applied for a ...

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• 30 September

  ‘No way’ North Korea disarms without US trust, says diplomat

  

  Bloomberg Pyongyang won’t dismantle its nuclear weapons until it has “sufficient trust” with the US, North Korea’s top diplomat told the United Nations General Assembly, pressuring the Trump administration to drop its “coercive methods” such as sanctions. The remarks by North Korea Foreign Minister Ri Yong Ho underscored lingering friction between the nations amid signs their diplomats have resumed talks ...

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• 30 September

  Indonesia earthquake toll climbs above 800, may reach thousands

  Bloomberg The death toll from a 7.5 magnitude earthquake and tsunami that hit Indonesia’s island of Sulawesi climbed to more than 800, with casualties expected to reach into the thousands as authorities try to reach those trapped under collapsed buildings. Local media reports quoted Vice President Muhammad Jusuf Kalla as saying that he expected the toll to grow as he ...

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• 30 September

  Millions of Brazilian voters frustrated as centrists implode

  

  Bloomberg With Brazil heading into a two-horse presidential race between left and right, centrist candidates are losing their allies and millions of moderate voters are frustrated and at a loss as to whom to support. Former Sao Paulo Mayor Fernando Haddad of the leftist Workers’ Party over the past fortnight has more than doubled his support and is closing in ...

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• 30 September

  May fights for her job as Tory splits widen

  

  Bloomberg Theresa May is battling to assert her authority as UK prime minister after a disastrous start to her party’s annual conference threatened to explode into a full-blown leadership crisis. Before the event had even begun, May found herself struggling to contain a row over a massive data breach and to fend off a brazen challenge over Brexit from her ...

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