June, 2018

• 26 June

  Sempra Energy to meet activist investors to discuss a truce

  Bloomberg Sempra Energy met with activist investors Elliott Management Corp. and Bluescape Resources to try and reach a truce ahead of its analyst conference set for Thursday, according to people familiar with the matter. The two sides met in Washington to discuss whether Sempra would give the activists board seats and consider setting up a committee to weigh options to ...

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• 26 June

  US losing ground in race for energy efficiency

  

  Bloomberg Italy and Germany tied for first place in the worldwide energy-efficiency race, according to a biennial international scorecard released on Tuesday by the American Council for an Energy-Efficient Economy. France, the United Kingdom and Japan followed suit. The United States fell, from 8th in 2016, to 10th in the new ranking of the 25 largest energy-consuming countries in the ...

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• 26 June

  Idled Ghana oil refinery seeks finance guarantees

  Bloomberg Ghana’s state-owned oil refinery is seeking credit guarantees from the government after lenders declined to issue it loans for crude purchases, according to two people familiar with the matter. The Tema Oil Refinery, 29 kilometers (18 miles) east of the capital, Accra, halted production on June 21 after running out of crude stock, said the people, who asked not ...

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• 26 June

  Stocks mixed as trade worries linger; oil rallies

  

  Bloomberg US stocks fluctuated after the biggest selloff since April, as investors assessed the outlook for trade and its implications on global growth. The dollar rose and gold fell. The S&P 500 Index gyrated at its 50-day moving average, while the Dow Jones Industrial Average clung to small gains. Technology shares hit hardest bounced back to give the Nasdaq indexes ...

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• 26 June

  Bitcoin struggles to hold $6,000 level after 2018 low hit

  

  Bloomberg Bitcoin bulls are seeking support at the $6,000 price level after the battered digital currency dropped below that threshold for the first time since February over the weekend. The biggest cryptocurrency rose less than 1 percent from its Friday close to $6,103 in New York, according to composite Bloomberg pricing. It slumped to as low as $5,780 on Sunday, ...

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• 26 June

  Ingenico on takeover radar amid Europe fintech Frenzy

  

  Bloomberg Private equity firms are setting their sights on French payments processor Ingenico Group SA as they scout the market for their next target among Europe’s hottest fintechs, according to people with knowledge of the matter. The Paris-based company, with a market value of about 4.73 billion euros ($5.5 billion), is drawing preliminary interest from several buyout firms, some of ...

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• 26 June

  Facebook says EU data unlikely shared with Cambridge Analytica

  

  Bloomberg Facebook Inc said private data about its European users may not have fallen into the hands of Cambridge Analytica after all, as the social network continues to fend off criticism about a scandal that sparked global outrage. “The best information we have suggests that no European user data was shared by Dr [Aleksandr] Kogan with Cambridge Analytica,” Stephen Satterfield, ...

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• 26 June

  Eutelsat backs down on Inmarsat takeover

  

  Bloomberg France’s Eutelsat Communications SA said it won’t make a takeover offer for Inmarsat Plc, a sudden reversal that strengthens EchoStar Corp.’s hand in its pursuit of the British satellite operator. Eutelsat had said it might bid for Inmarsat, confirming a report by Bloomberg News. The change of heart means that, under UK takeover rules, the Paris-based company now can’t ...

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• 26 June

  Suspended Audi chief faces another week in jail

  Bloomberg Rupert Stadler, Audi’s suspended chief executive officer, is facing at least another week in a German prison over the carmaker’s diesel scandal, as an ex-manager who oversaw engine development was released on bail after nine months. Defense attorneys and investigators scheduled meetings to allow Stadler to answer questions for next week, and he will remain in custody for now, ...

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• 26 June

  Brexit concerns has carmakers on edge

  

  Bloomberg Prime Minister Theresa May’s chaos-stricken UK government risks slowly suffocating investments for car manufacturers desperate for clarity post-Brexit from a party that calls itself pro-business. That’s the stark assessment of Mike Hawes, chief executive officer of the Society of Motor Manufacturers and Traders, who took a jab at May’s widely-debunked promise that there will be extra money to spend ...

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