August, 2018

• 1 August

  As Trump brings home war dead, families blast US agency

  

  Bloomberg North Korea’s return of about 55 American war dead marks a hopeful milestone in their almost seven-decade journey home. But it could be years before they’re reunited with their families, and some families blame the US government agency charged with identifying them. The remains, which US Vice President Mike Pence was expected to formally accept on Wednesday in a ...

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• 1 August

  China may be ‘getting in our way’ on North Korea, says Trump

  Bloomberg US President Donald Trump suggested China is obstructing nuclear talks with North Korea as the world’s two biggest economies tussle over trade. Trump’s remark at a political rally on Wednesday in Tampa, Florida, was the latest sign of friction between the US and North Korea, as they attempt to implement on Kim’s June 12 agreement to “work towards complete ...

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• 1 August

  Xi orders army to get out of kindergarten business

  Bloomberg China’s military has been ordered by President Xi Jinping to stop running kindergartens and other businesses and focus on fighting, as he attempts to overhaul the world’s largest army. Xi said during a meeting of the Communist Party’s 25-member Politburo that the armed forces should cease commercial activities by the end of the year, the official Xinhua News Agency ...

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• 1 August

  Zimbabwe ruling party wins parliament

  

  Bloomberg Zimbabwe’s ruling party won a majority of parliamentary seats in the first election of the post- Robert Mugabe era as the opposition and advocacy groups questioned the credibility of the process. With almost three-quarters of results from the legislative vote tallied, President Emmerson Mnangagwa’s Zimbabwe African National Union-Patriotic Front had won 110 of the 210 directly elected seats in ...

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• 1 August

  Senate chief exits Buhari’s APC as opposition swells

  Bloomberg Nigeria’s leader Muhammadu Buhari suffered yet another blow as the Senate president walked out of the ruling party less than a week after about 50 lawmakers joined the ranks of a swelling opposition movement ahead of elections in February. “It is a decision that has been inescapably imposed on me by certain elements and forces within the All Progressives ...

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• 1 August

  Assange may be ready to take first steps into a different world

  

  Bloomberg Julian Assange soon will leave the Ecuadorian embassy in London—his refuge from criminal charges for the last six years—and enter a changed world. The Australian walked into the building in the capital’s Knightsbridge neighbourhood just before the 2012 Olympics, with Barack Obama in his first term and elections untainted by alleged interference by Russian agents. When he walks out, ...

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• 1 August

  China’s central bank steps up effort to boost lending

  

  Bloomberg China’s central bank has started actively encouraging banks to extend more credit by taking a softer stance on loan quotas, people familiar with the matter said, as authorities ratchet up efforts to bolster a cooling economy. The People’s Bank of China (PBOC) has delivered the message via so-called window guidance, said the people, who asked not to be named ...

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• 1 August

  RBI raises interest rate to fight inflation

  

  Bloomberg India’s central bank raised its benchmark interest rate to the highest in two years as it stepped up efforts to curb inflation and stem capital outflows. Five of the six members of the monetary policy committee voted to raise the repurchase rate by 25 basis points to 6.5 percent, with Ravindra Dholakia the only one opposing it, the Reserve ...

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• 1 August

  UBS wins in fight over French bid for client data

  

  Bloomberg UBS Group AG doesn’t have to hand over client details to French tax authorities after a Swiss court handed the country’s largest bank a clear victory in a long-running saga over banking secrecy. The Swiss Federal Administrative Court said that French officials didn’t provide evidence that “the taxpayers involved have failed to comply with their tax obligations.” “Simply having ...

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• 1 August

  BNP equities trading resilient as its fixed income trails rivals

  

  Bloomberg BNP Paribas SA’s resilience in equities helped offset declines at a key debt-trading business that under-performed Wall Street rivals. The Paris-based bank benefited from “good volumes” in derivatives and providing brokerage services to hedge funds, driving equities revenue to a three-year high. That contrasted with the FICC unit buying and selling bonds, currencies and commodities — its biggest trading ...

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