August, 2018

• 5 August

  Trump administration fails to sway judge on DACA

  

  Bloomberg The Trump administration failed again to convince a federal judge that there’s a legitimate reason to rescind legal protections for hundreds of thousands of young undocumented immigrants who were brought to the US as children and seek to avoid deportation. US District Judge John Bates in Washington said that a second attempt by the Department of Homeland Security to ...

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• 5 August

  Congo ‘leader’ blocked from returning home

  Bloomberg Congolese opposition leader Moise Katumbi was twice refused permission to return home to register for the December presidential election, his campaign team said. The government rejected the allegations. Katumbi, in self-imposed exile since May 2016, had planned to fly to Lubumbashi, his home town in southeast Democratic Republic of Congo, on August 3 but his jet was denied permission ...

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• 5 August

  Big Oil cheers quietly as Trump moves to ease auto standards

  

  Bloomberg The Trump administration’s plan to relax fuel-economy and vehicle pollution standards could be a boon to US oil producers who’ve quietly lobbied for the measure. The proposal would translate into an additional 500,000 barrels of US oil demand per day by the early 2030s, about 2 to 3 percent of projected consumption, according to government calculations. “It’s a increase ...

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• 5 August

  Saudi prince Alwaleed signs $267 million deal with music firm Deezer

  

  Bloomberg Saudi billionaire Prince Alwaleed Bin Talal has invested 1 billion riyals ($267 million) into music streaming company Deezer, his first deal since being detained last year in a government crackdown on corruption. The prince’s Kingdom Holding Co. investment vehicle and his media company Rotana Group have bought new shares in Deezer, according to a statement from Alwaleed’s office. Deezer ...

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• 5 August

  New York yanks air permit on new gas-fired plant

  Bloomberg New York regulators declined to renew an air permit for a controversial 680-megawatt natural gas-fired power plant in New York state, effectively shutting it down just before it was poised to go into service. The Department of Environmental Conservation denied the renewal application. The agency said the owner Competitive Power Ventures Inc. did not have a Title V Clean ...

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• 5 August

  Linde-Praxair merger faces hurdle

  Bloomberg A $42 billion merger to create what would become the world’s largest gas producer is facing an unexpected hurdle from the US antitrust regulator that could derail the deal. The Federal Trade Commission indicated it wants Germany’s Linde AG and Praxair Inc. to sell more assets before it approves their deal, Linde said in a statement to the markets. ...

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• 5 August

  ‘Brexit no-deal outcome more likely than not’

  

  Bloomberg The Brexit negotiations are more likely to end in failure than in success, UK International Trade Secretary Liam Fox said, adding to a growing sense that Britain is heading for a messy divorce from the European Union. There’s a 60 percent likelihood of a no-deal outcome, Fox told the Sunday Times in an interview. He blamed the European Commission ...

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• 5 August

  Canada minister upbeat on Nafta talks

  Bloomberg Canada’s foreign affairs minister Chrystia Freeland said she’s ready to move forward quickly once the US and Mexico reach an agreement on automobiles, and downplayed any notion that her country has been shut out of North American Free Trade Agreement (Nafta) talks. “I and Canada are very, very keen to get it done as quickly as possible,” Freeland told ...

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• 5 August

  ‘Comcast doesn’t have to raise its Sky bid now’

  

  Bloomberg Comcast Corp. doesn’t have to raise its offer for Sky Plc, at least not yet. A ruling from UK takeover authorities kept a floor price of 14 pounds per share for Sky, below the US cable giant’s overall $34 billion bid. That means Comcast, whose offer for the UK pay-TV company is currently the highest, doesn’t have to increase ...

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• 5 August

  How US companies coping with inflation, scarce labour!

  

  Bloomberg It’s no secret: US businesses are dealing with rising costs, from labor to raw materials to shipping expenses. But many are already starting to see the light at the end of the tunnel as the economy works its way through what may prove to be temporary inflationary pressures. Take Clorox Co., for example. The Oakland, California-based consumer-products maker’s chief ...

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