July, 2018

• 8 July

  Tencent plans spinoff, US listing of online music unit

  

  Bloomberg Chinese internet giant Tencent Holdings Ltd. is planning to spin off its online music entertainment business and list its shares in the US through a public offering, the company said in a filing to the Hong Kong stock exchange on Sunday. Tencent, China’s largest social media and gaming company, said terms of the proposal, including size, price and range, ...

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• 8 July

  Singapore announces surprise property curbs to cool market

  

  Bloomberg Singapore’s renewed clampdown on speculative property demand sent real estate stocks reeling, as analysts predicted the end of a nascent home price rebound and the deflation of a buoyant market for collective sales. The tightened rules sharply increase buyers’ stamp duties for entities such as developers. Singapore’s benchmark Straits Times Index dropped 2 percent Friday as property developers and ...

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• 8 July

  Japan floods: Death toll rises to 66

  Bloomberg Flooding and landslides throughout western Japan have killed at least 66 people, forced thousands from their homes, knocked out electricity and halted operations at companies ranging from Panasonic Corp. to Amazon.com Inc. The death toll from what’s described as “historical rainfall” nearly tripled on Sunday from July 7, with local television showing overflowing rivers, submerged vehicles, collapsed roads and ...

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• 8 July

  India sees slower shift to EVs in blow to green vehicles goal

  

  Bloomberg India’s shift to electric vehicles has to be “gradual,” a government adviser said, signaling that the country may have further watered down its ambitions of having green vehicles comprise about a third of its fleet by 2030. India needs to push for EVs in a consistent manner over a long period of time and ensure that automobile jobs stay ...

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• 8 July

  US-N Korea talks fail as regime dismisses Trump demands

  

  Bloomberg US-North Korea talks hit their first major stumbling block since last month’s landmark summit between President Donald Trump and Kim Jong-un, with Pyongyang dismissing American demands after two days of negotiations as “cancerous” and “gangster-like.” North Korea’s criticism of the talks in Pyongyang fuelled further doubts about whether Trump will ever achieve his goal of “compete denuclearisation,” much less ...

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• 8 July

  Fate of jailed American hangs over Pompeo’s Vietnam visit

  

  Bloomberg The fate of an American arrested almost a month ago during a rare protest in Vietnam is likely to be raised by US Secretary of State Mike Pompeo in Hanoi. Houston native William Nguyen was detained June 10 during a Ho Chi Minh City protest against proposed special economic zones that Vietnamese fear will lead to Chinese encroachment and ...

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• 8 July

  S Africa ex-president’s son to face court charges

  

  Bloomberg The son of South Africa’s ex-President Jacob Zuma will appear in two separate court cases this week after returning to the country to attend his brother’s funeral, adding to the controversy around the former ruling family’s activities. Duduzane Zuma, 34, has been asked to appear in the Specialized Commercial Crimes Court in Johannesburg on Monday, his lawyer Rudi Krause ...

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• 8 July

  Giuliani keeps Trump cliffhanger going

  

  Bloomberg Donald Trump is still weighing whether to agree to an interview in Special Counsel Robert Mueller’s investigation but there’s concern about what he sees as a corrupt and tainted probe, the president’s lead attorney said. Trump’s lawyers are close to making a determination, but a decision has been put off as more details emerge about “bias” on the part ...

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• 8 July

  Imran Khan aims to make graft-prone Pakistan welfare state

  

  Bloomberg Imran Khan stepped onto a makeshift stage in a trash-ridden Karachi district to address hundreds of supporters who’d been waiting for hours. His message: vote out the city’s rulers who have failed to provide jobs, education, sanitation and healthcare. “This is the first opportunity to free yourselves — they, despite taking turns for the last 30 years, couldn’t give ...

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• 8 July

  Good week for S&P 500 held bad news for active funds

  

  Bloomberg A week of tumult on the trade front was also the best week in a month for S&P 500 bulls. Active stock managers weren’t celebrating. They’ve watched in shock as the best-laid efforts to beat benchmarks are squeezed as the contour of the rally shifts. Funds are being betrayed by the companies they love, including tech megacaps and banks, ...

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