September, 2018

• 4 September

  South Sudanese vow to stop running as peace deal calms guns

  

  Bloomberg Gunshots and screams rang out as Rosemary Keji fled her village almost two years ago, one of millions of South Sudanese escaping civil war. After finally returning last month, she’s planting potatoes beside her wrecked house in Yei River state and vowing never to leave again. The 28-year-old mother of two is one of a steady trickle of refugees ...

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• 4 September

  Chinese solar giants boost output, chase growth plans

  

  Bloomberg The top solar manufacturers in China are boosting production capacity, betting higher output will help them seize a bigger chunk of the global market that is set for its first-ever annual contraction. JinkoSolar Holding Co., which has lost almost half its market value this year, is ramping up cell and panel capacity and targeting higher-quality production, Qian Jing, vice ...

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• 4 September

  Europe should get over oil storage and look to gas, says OIES

  

  Bloomberg Europe’s strategic energy reserves shouldn’t be all about oil. As natural gas gains ground in the global energy transition, the cleanest fossil fuel should be allowed to replace some compulsory crude and oil product storage, according to Thierry Bros, a senior research fellow at the Oxford Institute for Energy Studies (OIES). That would help the region use some of ...

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• 4 September

  India’s PVR seeks growth opportunities overseas

  

  Bloomberg PVR Ltd., India’s largest movie exhibitor, is seeking growth opportunities overseas after sealing a deal to acquire a local cinema chain. The company’s “big focus” is to look at Saudi Arabia, while it’s also planning projects in Dubai, Chief Financial Officer Nitin Sood said in a telephone interview. PVR also expects to open a nine-screen multiplex in Sri Lanka’s ...

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• 4 September

  Germany solar battery sales poised to boom

  Bloomberg Solar battery sales in Germany are poised to boom as prices for the facilities continue to drop and homeowners turn to generate their own electricity to shield against rising power prices, the BSW solar lobby said. Total solar battery installs in Germany exceeded 100,000 units this summer and at the current rate of growth may double by 2020, the ...

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• 4 September

  White Sasol staff to step up strike

  

  Bloomberg South Africa’s Solidarity labour union plans to escalate a strike at energy and chemicals company Sasol Ltd. from September 6 over the exclusion of white staff from an employee-shareholding plan, deputy General-Secretary Deon Reyneke said. Members of the union began protests including a so-called go-slow at the company on September 3, Reyneke said. The full strike later this week ...

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• 4 September

  China explores megamerger of mobile-phone carriers

  

  Bloomberg China is exploring a merger between two of the nation’s three wireless carriers to speed up the development of 5G mobile services amid a race with the US over the technology, according to people familiar with the matter. The country’s top leaders are reviewing a proposal to combine China United Network Communications Group Co. and China Telecommunications Corp. but ...

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• 4 September

  Tencent-backed Meituan takes orders for $4.4 billion IPO

  

  Bloomberg Meituan Dianping started taking orders for a Hong Kong initial public offering that could raise as much as $4.4 billion as it warned there was no guarantee it would ever become profitable. The restaurant review and delivery giant backed by Tencent Holdings Ltd. is offering 480.27 million new Class B shares at HK$60 to HK$72 apiece, according to terms ...

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• 4 September

  Suzuki forced out of China as buyers continue to favour SUVs

  

  Bloomberg Suzuki Motor Corp., the Japanese manufacturer known for its minicars, exited China as consumers in the world’s biggest auto market shifted purchases to larger sedans and sport utility vehicles. Suzuki agreed to transfer its 50 percent stake in Changan Suzuki — its last remaining Chinese venture — to Chongqing Changan Automobile Co. as soon as legal proceedings are completed, ...

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• 4 September

  Strongest typhoon in 25 years makes landfall in Japan

  

  Bloomberg Typhoon Jebi swept through western Japan on Tuesday as the strongest tropical cyclone to come ashore in 25 years, causing widespread power outages and flooding the region’s main airport. One person was reported killed. The storm paralysed the country’s second-largest population center around Osaka, with companies forced to temporarily close their plants, and power cut to more than 800,000 ...

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