August, 2018

• 28 August

  Myanmar generals must be prosecuted for genocide: UN

  

  Bloomberg A United Nations report says Myanmar’s top generals should be investigated and prosecuted for committing genocide and war crimes against the Muslim Rohingya minority, raising pressure on the international community to act against the country’s military and civilian government. The UN Human Rights Council-mandated fact-finding mission’s report found Myanmar’s security forces systematically murdered, tortured, sexually assaulted and enslaved civilians, ...

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• 28 August

  Russia to stage biggest war games since Cold War

  

  Bloomberg Russia is to hold its biggest military maneuvers since the height of the Cold War next month, mobilising about 300,000 troops and including the participation of thousands of soldiers from China, Defense Minister Sergei Shoigu said. The Vostok-2018 exercises in Russia’s eastern and central military districts—spanning from the Ural Mountains to the Pacific coast—from September 11-15 will involve almost ...

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• 28 August

  Macron suffers yet another blow as key minister quits

  Bloomberg It’s been a long, hot summer for Emmanuel Macron. The French president went into the break buffeted by a scandal over a rogue aide and returned to a string of bad news on the economy and his reform agenda. But the biggest blow came out of nowhere on Tuesday: Nicolas Hulot, his star minister for energy and the environment, ...

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• 28 August

  China gets new shot at Mideast energy with Total’s Iran exit

  

  Bloomberg Total SA’s withdrawal from Iran’s giant South Pars gas field has given China another chance to secure a stake in the world’s most coveted energy assets: abundant and low-cost Middle Eastern oil and gas. Chinese companies have invested in Iraq, the United Arab Emirates and Iran in recent years, and have expressed interest in oil and gas projects in ...

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• 28 August

  Jatropha seeds oil helps fly SpiceJet first bio fuel flight

  

  Bloomberg SpiceJet Ltd. completed its maiden flight using a blend of aviation fuel and oil from jatropha seeds, furthering Prime Minister Narendra Modi’s push for greater use of alternative resources to cut India’s dependence on oil imports. A Bombardier Q400 aircraft made the one-way trip to New Delhi from the city of Dehradun, about 200 kilometres from the capital. The ...

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• 28 August

  Italy’s Snam signs gas pact with China’s state grid

  

  Bloomberg Italy’s gas pipeline operator Snam SpA signed a memorandum of understanding with China’s State Grid International Development as part of Finance Minister Giovanni Tria’s trip to the Asian country. Snam and State Grid International, a unit of the biggest Chinese power distributor, agreed to examine a range of opportunities in China and elsewhere, with a focus on the use ...

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• 28 August

  India’s gas operator eases pipeline access

  Bloomberg India’s largest natural gas pipeline operator has invited users to book surplus network capacity online as the country prepares to create a distribution hub that sets benchmark prices. State-run GAIL India Ltd., which controls 70 percent of the nation’s network, launched a website for online bookings of pipeline capacity to ship gas across the country. GAIL, with 11,400 kilometres ...

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• 28 August

  TransCanada’s shale gas pipe cost rises by $1bn

  Bloomberg TransCanada Corp. won a 49 percent price increase for space on the pipeline it’s building to haul shale gas from Appalachian fields as labor shortages and escalating land prices pushed construction costs almost $1 billion higher. US regulators approved the Calgary-based company’s request to charge gas explorers $14.663 per dekatherm for space on its Mountaineer XPress Project, 275-kilometre in ...

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• 28 August

  US stocks trade near all-time highs, Treasury yields climb

  

  Bloomberg US stocks churned near all-time highs, while Treasury yields climbed as investors assessed the latest developments from the Trump administration’s trade policies. The S&P 500 clung to a record after opening above 2,900 for the first time. Rate-sensitive shares retreated as the 10-year Treasury yield moved towards 2.90 percent. The Mexican peso failed to hold onto Monday’s gains as ...

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• 28 August

  Nafta-exposed European stocks taste sweeter

  

  Bloomberg Sweetener-maker Tate & Lyle Plc, a UK household name due to its former glory days of supplying Britons with sugar for their tea, rose the most in three months on Tuesday after President Donald Trump said the US is pursuing a new trade accord with Mexico to replace the North American Free Trade Agreement. The 97-year-old company’s stock has ...

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