September, 2018

• 17 September

  Abu Dhabi to sell 25% of Spain’s Cepsa in decade’s largest deal

  

  Bloomberg Abu Dhabi is pushing ahead with an initial public offering for Spanish oil company Cia Espanola de Petroleos SAU, in what could be the largest such deal in a decade. The emirate’s Mubadala Investment Co. will offer a stake of at least 25 percent in Cepsa in the fourth quarter, the state-owned investor said on Monday in a statement. ...

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• 17 September

  US to slap 10% tariff on $200bn of China goods

  

  Bloomberg The Trump administration will announce that it’s imposing a 10 percent tariff on $200 billion of Chinese goods, which Beijing has already said it will retaliate against, reports said. The rate is less than half of the 25% level the administration had initially been considering. Still, American consumers could start feeling the cost of the tariffs for everyday goods, ...

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• 17 September

  Opec chief sees need to keep oil supply deal

  

  Bloomberg The Organization of Petroleum Exporting Countries (Opec) needs to keep working with other oil producers to manage global supplies as demand for crude faces ‘headwinds,’ the head of the organisation said. The historic supply deal between Saudi Arabia, Russia and other producers reached in late 2016 needs to become permanent, Mohammad Barkindo, secretary-general of the Opec, said. Oil demand ...

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• 17 September

  UAE, Romania discuss promoting cooperation

  BUCHARES / WAM Ways of accelerating cooperation in the investment and trade sectors were the main topic of discussions at a meeting His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, had with Viorica Dancila, Romanian Prime Minister. The two sides met in the Romanian capital, Bucharest, and discussed boosting ties between the UAE and ...

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• 17 September

  DFM accredits Bahrain’s Sico as market maker

  DUBAI / WAM SICO BSC has been accredited to provide liquidity and act as market maker for companies listed on Dubai Financial Market (DFM). This will help create more dynamic two-way markets that will enhance the liquidity of companies listed on the exchange and result in benefits for investors and stocks of listed companies alike. The accreditation builds on SICO’s ...

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• 17 September

  Florence’s floods obscure damage inflicted on Carolinas

  

  Bloomberg Companies, regulators and environmental groups are waiting for record floods to recede so they can make a comprehensive assessment of damage from Hurricane Florence. Water levels, however, are headed in the wrong direction. Rivers throughout North and South Carolina are days from cresting as the deadly storm moves northeast, according to the National Weather Service. North Carolina will be ...

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• 17 September

  Russia ‘cheating’ on N Korea sanctions: Haley

  

  Bloomberg The US envoy to the United Nations accused Russia of “actively working to undermine” international sanctions against North Korea as pressure rises on the Trump administration three months after the president met Kim Jong-un in Singapore. “Why after voting for sanctions 11 different times is Russia backing away from them? We know the answer. Its because Russia has been ...

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• 17 September

  Lula’s heir would face Bolsonaro in Brazil runoff: Poll

  Bloomberg Fernando Haddad, leftist former President Luiz Inacio Lula da Silva’s chosen successor, would face front-runner Jair Bolsonaro in a runoff vote for Brazil’s presidency, according to opinion poll published on Monday. Bolsonaro would get 28.2 percent of first-round votes, followed by Haddad with 17.6 percent, according to an MDA survey published by the National Transportation Confederation. The poll showed ...

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• 17 September

  Lawyer says Kavanaugh accuser ready to testify

  

  Bloomberg The woman who has accused Supreme Court nominee Brett Kavanaugh of an assault while both were in high school is willing to testify to Congress after prospects for a swift confirmation were put in doubt amid calls from key GOP senators for an investigation. The White House reiterated its support for Kavanaugh, who “categorically and unequivocally” denied the accusations. ...

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• 17 September

  UAE has decided to share its efforts to shape future with other nations

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has decided to share, with the world, its efforts to shape the future and foresee its developments and challenges, by finding practical solutions that will improve the quality of peoples’ lives and match the level of social expectations. ...

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