June, 2018

• 20 June

  Copperbelt Energy of Zambia eyes $250mn power investment

  Bloomberg Copperbelt Energy Corp., the Zambian electricity supplier with customers including Glencore Plc’s copper mines, may invest as much as $250 million in solar projects and transmission lines in the neighboring Democratic Republic of Congo, Chief Executive Officer Owen Silavwe said. The amount includes two solar plants to generate 30 megawatts and 50 megawatts respectively, and the company is still ...

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• 20 June

  Kim urges ‘step-by-step’ N-talks in meeting with Xi

  

  Bloomberg Kim Jong-un doesn’t appear to be in a rush to dump his nuclear weapons. In talks with Chinese President Xi Jinping this week, the North Korean leader reiterated his call for a gradual process to carry out the results of last week’s summit with US President Donald Trump. Chinese state media cited Kim as saying that denuclearisation would open ...

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• 20 June

  Israeli jets strike Gaza targets after rockets fired overnight

  

  Bloomberg Gaza militants launched dozens of rockets and flaming kites into Israel’s south, drawing retaliatory Israeli strikes, in one of the fiercest confrontations between the sides since Palestinian protests along the border peaked in mid-May. Israeli aircraft targeted about 25 military sites belonging to Gaza’s ruling Hamas group, the army said, warning that the group was dragging Gaza along a ...

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• 20 June

  Floods kill 19 in Ivory Coast

  Bloomberg Ivory Coast authorities are planning an emergency response after at least 19 people died in floods and scores of others were evacuated from their homes. Heavy rains pounding the world’s biggest cocoa producer made roads impassable in Ivory Coast’s economic capital Abidjan on June 19, according to the agency that coordinates national rescue operations. President Alassane Ouattara shortened a ...

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• 20 June

  May fends off Tory rebellion to win key UK vote on Brexit

  Bloomberg Prime Minister Theresa May faced down a rebellion from pro-European rebels in her party, keeping her Brexit strategy on track and bolstering her position. But the narrow result indicates more battles to come. Lawmakers voted 319-303 to reject an amendment to her flagship Brexit legislation that was supported by some rebels in her Conservative Party. It was intended to ...

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• 20 June

  Merkel to attend crisis summit on migration

  

  Bloomberg German Chancellor Angela Merkel will meet with other European Union leaders for an emergency session on migration as the clock ticks for her to strike a deal to stem the flow of refugees or face mutiny within her governing coalition. Merkel will gather with counterparts from Italy, Spain, Greece, Malta, Bulgaria, Austria and France on Sunday to try and ...

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• 20 June

  Spanish PM facing first threats from allies

  

  Bloomberg Spanish PM Pedro Sanchez is already facing pushback from the multi-coloured alliance that put him into office less than three weeks ago. In his first question and answer session at the Parliament in Madrid, a left-wing group from the Valencia region complained that Sanchez is backing away from plans to reform the regional financing system and questioned whether it ...

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• 20 June

  Tech rally drives US stock gains, Treasury yields edge higher

  

  Bloomberg US stocks were lifted by a rally in tech shares as concerns about a potential global trade war eased. Treasury yields edged higher and oil rallied. The S&P 500 was slightly higher after paring an early advance, while the Dow Jones Industrial Average slipped a seventh straight day. The Nasdaq Composite Index added to an all-time high, buoyed by ...

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• 20 June

  Crude advances as US stockpile drop presages OPEC meet

  

  Bloomberg Crude clung to gains after a larger-than-expected decline in US crude stockpiles heightened the importance of a key OPEC meeting later this week. Futures rose as much as 1.9 percent in New York on Wednesday. American oil inventories plunged by 5.91 million barrels last week, a bigger withdrawal than any of the 12 analysts in a Bloomberg survey expected. ...

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• 20 June

  Trump’s tariffs could deliver sizeable hit to China economy

  

  Bloomberg Donald Trump’s threat to impose tariffs on another $200 billion of Chinese imports could cut as much as half a percentage point from the nation’s economic growth, according to economists. The warning comes amid signs that the world’s second biggest economy—and biggest contributor to global growth— is already slowing down as a simmering trade dispute with the US risks ...

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