August, 2018

• 26 August

  Japan’s Abe seeks third term after fighting back from scandal

  

  Bloomberg Prime Minister Shinzo Abe launched his bid for a historic third-straight term as ruling party president, attempting to put months of scandal behind him and become Japan’s longest-serving premier. The widely anticipated announcement kicked off what was expected to be an easy campaign for leadership of the Liberal Democratic Party. Media surveys of lawmakers and party members who will ...

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• 26 August

  Australia’s Bishop resigns amid fallout

  

  Bloomberg Australia’s Julie Bishop has resigned as foreign minister and will return to the backbench as the fallout from Friday’s dumping of Malcolm Turnbull as prime minister continues. The 62-year-old stood in the three-way contest to become Liberal Party leader and prime minister after the ousting of Turnbull, but was knocked-out in the first round, gaining just 11 of 85 ...

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• 26 August

  Former Kano governor Kwankwaso to run for Nigeria’s presidency

  Bloomberg Rabiu Kwankwaso, a former governor of Nigeria’s northern state of Kano, will seek to oust President Muhammadu Buhari in elections scheduled for February. Kwankwaso, who’s now a senator, will announce on August 29 that he will compete to become the presidential candidate for the main opposition People’s Democratic Party, which will hold primaries later this year, his spokeswoman, Binta ...

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• 26 August

  Big Oil’s exit turns into revival for Norway’s aging North Sea

  

  Bloomberg Back in 2015, Royal Dutch Shell Plc and BP Plc cast doubt over the future of aging oil fields offshore Norway. A crash in crude prices and high operating costs threatened to shut them early, leaving millions of barrels in the ground. Two of the fields, Draugen and Valhall, have since fallen into the hands of smaller, local companies, ...

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• 26 August

  Trinidad strikes gas deal with Venezuela for natural gas exports

  

  Bloomberg Trinidad and Tobago will continue to ship super-chilled natural gas all over the world, with a little help from Venezuela. President Nicolas Maduro and Trinidad and Tobago Prime Minister Keith Rowley signed a deal where Trinidad will purchase gas from Venezuela’s prolific Dragon Field, state-run energy company, Petroleos de Venezuela SA, said in a tweet. Under the terms of ...

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• 26 August

  CenterPoint turning to cows, landfills for gas alternative

  Bloomberg CenterPoint Energy Inc. wants to introduce a pilot programme in Minnesota offering customers access to a renewable form of natural gas recovered from dairy farms and landfills. It’s the first such programme in the Midwest, mirroring the push by utilities to offer electricity powered by wind or solar. Methane produced by everything from manure to rotting garbage is the ...

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• 26 August

  AMLO favours cutting red tape on Pemex partnerships

  

  Bloomberg Petroleos Mexicanos will be free to choose its own partners if Mexico’s next government has its way. President-Elect Andres Manuel Lopez Obrador may seek to change a part of the 2014 energy reforms requiring Pemex receive regulatory approval when choosing partners in oil blocks, according to people with knowledge of the situation. Previously, Lopez Obrador has said that he ...

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• 26 August

  Korea unveils proposed changes to ‘chaebol’ conglomerate rules

  

  Bloomberg South Korea’s antitrust watchdog proposed new rules for family-run conglomerates to make it harder for such businesses to muscle through their agendas at the expense of minority shareholders. The proposed amendments to existing regulations would require a newly created holding company to own at least 30 percent in an entity it wants to treat as a listed subsidiary and ...

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• 26 August

  RCom gets relief from dollar bondholders as deadline looms

  

  Bloomberg Reliance Communications Ltd., the embattled Indian mobile operator headed by billionaire Anil Ambani, clinched the approval of overseas bondholders to ease its debt burden, putting the company a step closer to averting bankruptcy. RCom, which defaulted last year on its $300-million bond, got 83 percent of the noteholders to approve the plan in London, the company said in an ...

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• 26 August

  To ease traffic gridlock, Philippines eyes ferries

  

  Bloomberg To ease traffic congestion in the Philippines’ main financial centre, there’s no way to go but underground and afloat, said businessman Antonio Tiu, who is leading a venture for one of two subway projects in the capital region. IRC Properties Inc., Tiu’s venture with Chinese and Hong Kong companies for a $3.7 billion underground system in Metro Manila’s Makati ...

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