June, 2018

• 30 June

  N Korea steps up production of uranium fuel, says NBC

  

  Bloomberg US intelligence agencies believe that North Korea has increased its production of fuel for nuclear weapons at multiple secret sites in recent months, NBC reported, citing unidentified American officials. The NBC report quoted US officials who said they believe that North Korean leader Kim Jong-un may try to hide those facilities as he seeks more concessions in nuclear talks ...

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• 30 June

  15 die in South Sudan clashes despite truce

  Bloomberg A permanent ceasefire pact reached between South Sudan’s President Salva Kiir and rebel leader Riek Machar has not stopped fighting on the ground, with at least 15 civilians killed in a single incident, an army spokesman said. Rebels attacked government positions in Southern Liech and Northern Liech States in the Greater Upper Nile region between 2 am and 5 ...

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• 30 June

  Abbas rejected US offer for Kushner meeting

  

  Bloomberg Mahmoud Abbas, the President of the State of Palestine, rejected an offer to hold a joint meeting with US presidential adviser Jared Kushner and other Arab leaders, Al Hayat reported, citing diplomatic sources. The president saw the offer as an American maneuver to pressure the Palestinians into accepting a peace plan on Israel’s terms and achieving the “real objective” ...

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• 30 June

  Trump to discuss Crimea, ‘collusion’ with Putin

  

  Bloomberg President Donald Trump left the door open to recognising Russia’s annexation of Crimea, telling reporters that such a move would be up for discussion when he meets with Russian President Vladimir Putin next month. “We’re going to have to see,” Trump told reporters on Air Force One when asked if the US would accept Russia’s claim on the territory ...

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• 30 June

  Singapore terror threat at highest

  Bloomberg Singapore faces its highest terrorism threat level since the time of the September 11 attacks in the US in 2001 and the 2002 Bali bombings, Singapore’s defense minister said. “There are no signs to indicate that this will abate within even the next decade,” Ng Eng Hen said. “This is a long-term problem, and we have to deal with ...

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• 30 June

  May’s Brexit tactics leave EU leaders alarmed, dismissive

  

  Bloomberg Tensions over Britain’s divorce from the European Union ratcheted higher as PM Theresa May’s approach was described as “alarming” by one of her peers, and leaders said time was running out to avoid a catastrophic breakup. One EU premier, who heard May’s address on Brexit during the EU summit in Brussels, said he was shocked by the tone and ...

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• 30 June

  Big oil touts gas as fossil fuel answer to global warming

  

  Bloomberg To reduce emissions and provide affordable electricity, the world needs to burn more fossil fuels, not less. That’s the message being delivered by the world’s biggest energy companies at the World Gas Conference in Washington, where they championed natural gas as the fuel of the future, rather than one that simply bridges the gap towards renewables. The world is ...

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• 30 June

  India hunting for shorter LNG deals

  

  Bloomberg The good news for global natural gas exporters is that India’s largest utility is hunting for new supplies to import. The bad: It’s seeking shorter deals than have been traditional in the past. India now consumes almost 22 million metric tons a year of liquefied natural gas, but that demand could double within just four to five years, according ...

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• 30 June

  World’s one-time biggest solar player delisted from NYSE

  Bloomberg Yingli Green Energy Holding Co., once the world’s biggest solar-panel manufacturer, has been delisted from the New York Stock Exchange as its value has plummeted. Trading was suspended after the exchange told Yingli it failed to maintain an average market capitalisation of at least $50 million for 30 consecutive trading days, the Baoding, China-based company said in a statement. ...

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• 30 June

  Crude posts biggest weekly gain in over two months

  

  Bloomberg Oil posted the biggest weekly rise in more than two months as shrinking stockpiles and supply disruptions from Canada to Libya compounded the growing isolation of OPEC’s third-largest oil producer. Futures advanced 8.1 percent this week in New York, above London-traded Brent crude’s gain of 5.1 percent. The world’s two most important oil benchmarks are diverging as Saudi Arabia’s ...

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