July, 2018

• 15 July

  Anxiety lurks everywhere across US stock market

  

  Bloomberg The Nasdaq 100 is at a record, stocks have just strung together two straight weeks of gains and one of the best earnings seasons in a decade is at hand. Bears vanquished? Not entirely. While benchmark measures of volatility are as calm as they’ve been in five months, among individual stocks anxiety is running high. It’s showing up in ...

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• 15 July

  Trade war fallout blurs lines between Japan, China stocks

  

  Bloomberg The Japanese stock market got an extra lift around 10:30 am on July 12 in Tokyo. China had started trading, and it had opened higher. But that was a rare lucky day for investors who got used to losses this year, with the Topix index becoming one of the worst performers among developed-market gauges. As the US-China trade conflict ...

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• 15 July

  India’s cash-strapped Fortis picks IHH as its new owner

  

  Bloomberg Fortis Healthcare Ltd.’s board of directors chose IHH Healthcare Bhd. to take control of India’s second-largest hospital chain, ending a months-long takeover battle as the company wrestles with investigations over financial irregularities. Malaysia-based IHH’s offer would see $583 million invested directly in the company through a preferential allotment of shares at 170 rupees a share, according to a statement ...

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• 15 July

  Beijing to import less soybean first time since 2004

  

  Bloomberg China has been gobbling up the world’s soybeans at breakneck speed over the past decade. But as the trade spat with the US escalates, its imports of the oilseed are set to decline for the first time in 15 years. China will bring in 95 million metric tonnes of soybeans in the 2018-2019 season, the US Department of Agriculture ...

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• 15 July

  Hong Kong’s Bexcellent soars 22% in debut

  

  Bloomberg Bexcellent Group Holdings Ltd., whose top tutor earns more than HK$40 million ($5.1 million) a year, surged as much as 34 percent on the first day of trading in Hong Kong. The provider of tutoring services to Hong Kong secondary school students was so popular that individual investors placed orders for about 289 times the stock initially available to ...

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• 15 July

  China trade surplus with US hits record high

  

  Bloomberg China’s monthly trade surplus with the US rose to a record in June and exports to the nation also soared, underlining the cause of an escalating trade war between the world’s two largest economies. The trade surplus with the US was $28.97 billion, the highest in any month in data back to 1999. Exports climbed to $42.62 billion, also ...

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• 15 July

  Art Basel owner chases Asia’s rich with new Singapore fair

  

  Bloomberg MCH Group AG, the owner of Art Basel, is launching a new art fair in Singapore starting next year to take advantage of the growing wealth in Asia, which is minting millionaires faster than any other region in the world. The new expo, called ART SG, will hold its inaugural event in November 2019 with about 80 galleries from ...

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• 15 July

  Mnuchin and Pompeo reject European bid for Iran waivers

  

  Bloomberg Secretary of State Michael Pompeo and Treasury Secretary Steven Mnuchin rejected a request from European leaders for broad-based waivers from sanctions the US will reimpose on countries that do business with Iran after the President Donald Trump backed out of the 2015 nuclear accord. In a letter whose contents were described to Bloomberg News, Pompeo and Mnuchin told the ...

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• 15 July

  Fox raises Sky offer to $32bn in battle with Comcast

  

  Bloomberg Rupert Murdoch’s Inc. boosted its bid for Sky Plc, raising the stakes for Comcast Corp. to retaliate in a battle for control of Britain’s top pay-TV company. Fox offered £14 per share to value Sky at £24.5 billion ($32 billion), 12% more than Comcast’s rival £22 billion offer. Sky shares fell as much as 2% as some investors had ...

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• 15 July

  EU’s attack on android boosts rivals in battle of apps

  

  Bloomberg Google’s latest European Union (EU) woes could mean opportunity knocks for app developers stymied by contracts that pre-install the US giant’s own services on Android phones and tablets, according to analysts and companies. The Alphabet Inc. unit is expected to face an antitrust fine over Android in the coming days that could top last year’s record 2.4 billion-euro ($2.8 ...

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