September, 2018

• 24 September

  Coronado seeks $1bn in Australian coal IPO

  Bloomberg Coronado Global Resources Inc., a miner backed by private equity firm Energy & Minerals Group, and current investors are seeking to raise as much as A$1.4 billion ($1 billion) in what would be Australia’s largest coal initial public offering. The company and existing holders are offering Chess Depository Interests at A$4 to A$4.80 each, according to a prospectus lodged ...

  Read More »
• 24 September

  Russia to give Syria missile systems in defiance of Israel

  

  Bloomberg Russia will provide advanced S-300 missile systems to Syria and directly link up with the air-defense network of its Middle Eastern ally, stepping up support for the regime of President Bashar al-Assad after the downing of a reconnaissance plane last week. Moscow blamed the shoot-down of the aircraft, which killed 15 Russian servicemen, on Israel, whose planes were attacking ...

  Read More »
• 24 September

  Putin’s party suffers rare losses as Russian protest votes grow

  

  Bloomberg President Vladimir Putin’s United Russia party lost governorships in three regions as the fallout from popular anger over a plan to boost the retirement age makes usually tightly controlled elections more competitive. Candidates from the populist Liberal Democratic Party of Russia beat United Russia incumbents in the Khabarovsk and Vladimir regions, according to the Central Election Commission. Another United ...

  Read More »
• 24 September

  With Trump meeting, Moon aims to convince N Korea skeptics

  

  Bloomberg South Korean President Moon Jae-in faces a formidable task during meetings in New York this week with Donald Trump and other world leaders: convincing skeptics that North Korean leader Kim Jong-un is actually serious about giving up his nuclear weapons. Moon was expected to meet Trump on Monday in New York, and will address the United Nations later in ...

  Read More »
• 24 September

  Tory rebels’ rival Brexit plan to challenge May

  

  Bloomberg Pro-Brexit politicians in Theresa May’s Conservative Party are launching a rival plan for leaving the European Union in an effort to force her to ditch her own blueprint in favour of a cleaner break with the bloc. Former Brexit Secretary David Davis, who quit in July because he disagreed with May, is backing the proposal published by the Institute ...

  Read More »
• 24 September

  Hong Kong puts ban on Pro-independence party

  Bloomberg Hong Kong’s government issued an unprecedented ban against a pro-independence political party that it has called a risk to national security, raising concerns over tolerance of dissent in the Asian financial hub. “The Hong Kong National Party has a very clear agenda to achieve its goal of Hong Kong being made an independent republic,” John Lee, the city’s security ...

  Read More »
• 24 September

  Stocks fall on Rosenstein, trade war risks; oil climbs

  

  Bloomberg US stocks slipped on growing trade tension and after reports that Deputy Attorney General Rod Rosenstein will leave his post. Oil climbed and the euro rallied. As a Justice Department shakeup threatened to increase political turmoil, industrial shares led US equity indexes down after China warned it won’t meet with American officials unless they stop threatening to expand tariffs. ...

  Read More »
• 24 September

  India examines slump in financials for irregularities

  

  Bloomberg India’s market regulator is examining Friday’s sharp moves in shares of Dewan Housing Finance Corp., Yes Bank Ltd. and other lenders for possible trading irregularities, people with knowledge of the matter said. The Securities and Exchange Board of India is looking into whether brokers and investors colluded during the sharp selloff and subsequent recovery in financial shares, the people ...

  Read More »
• 24 September

  S’pore watchdog fines Uber, Grab $9.5mn over merger

  

  Bloomberg Singapore regulators fined Uber Technologies Inc. and Grab S$13 million ($9.5 million) for antitrust violations after the Asian ride-hailing giant acquired its US rival’s regional operations. Effective fares in the city-state rose between 10 percent and 15 percent after the “anti-competitive merger,” the Competition and Consumer Commission of Singapore said in a statement. While the watchdog didn’t nullify the ...

  Read More »
• 24 September

  Mahindra Logistics sees India market consolidation ahead

  

  Bloomberg Mahindra Logistics Ltd., a unit of India’s biggest utility vehicle maker, expects higher revenues due to consolidation in the industry spurred by the nationwide sales tax. It’s easier for a customer to get the full benefit of the Goods and Services tax by dealing with a fewer number of vendors, said Mahindra Logistics Chief Executive Officer Pirojshaw Sarkari in ...

  Read More »