June, 2018

• 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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• 30 June

  Mazda condemns Trump’s car-tariff plans

  

  Bloomberg Mazda Motor Corp. became the latest auto company to condemn the Trump administration’s plans for potential car import tariffs, saying such duties would hit both the industry as well as US consumers. The Japanese manufacturer said it filed comments on the Commerce Department’s investigation into car-related imports, urging it to “reject the premise that auto imports are a threat ...

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• 30 June

  China’s HNA explores Radisson Hotel sale

  

  Bloomberg HNA Group Co., the Chinese conglomerate selling assets to pay down debt, is exploring a sale of Radisson Hotel Group, according to people familiar with the matter. HNA has been gauging interest from rival hotel chains and other potential buyers of the Minneapolis-based company, said the people, who asked to not be identified because the matter isn’t public. There ...

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• 30 June

  ZTE appoints new chief in another step towards lifting of US ban

  

  Bloomberg ZTE Corp. has appointed a new chairman from a state research outfit that backed its founding decades ago, taking another step toward cleaning house and freeing itself from a ban on American technology purchases. Shareholders voted in Li Zixue, the 54-year-old deputy director of the Xi’an Microelectronics Technology Institute, as chairman, according to a Shenzhen stock exchange filing. The ...

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• 30 June

  China factory gauge slips amid trade war

  Bloomberg China’s official factory gauge fell more than expected in June, just as the world’s two biggest economies head toward a trade war. The manufacturing purchasing managers index stood at 51.5 in June, versus 51.9 in May, and the forecast of 51.6 in a Bloomberg survey of economists. The non-manufacturing PMI, covering services and construction, rose to 55, the statistics ...

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