June, 2018

• 5 June

  China weighs new high-tech stock venue

  

  Bloomberg China is expanding efforts to keep its most promising companies from going public in Hong Kong or the US, with officials studying a new trading venue in Shanghai that would have lower thresholds for biotechnology and high-tech firms, people with knowledge of the matter said. Government entities including the China Securities Regulatory Commission and Ministry of Science and Technology ...

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• 5 June

  Giant waste-spewing mine turns to battleground in Indonesia

  

  Bloomberg Every year, Freeport-McMoRan Inc. dumps tens of millions of tons of mining waste into the Ajkwa River system in Indonesia. The company has been doing it for decades, and is demanding the right to keep at it for decades to come. The discharge of what are called tailings, the leftovers of mineral extraction, is perfectly legal under Freeport’s current ...

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• 5 June

  Apple ups privacy controls in growing spat with Facebook

  

  Bloomberg Apple Inc. executives rarely call out Facebook Inc., but they made more moves to limit the social network’s data collection. In iPhone, iPad, and Mac software updates later this year, Apple’s default Safari web browser will show a pop-up window asking users for permission before loading share buttons from social networks including Facebook. These buttons make it easy to ...

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• 5 June

  Microsoft’s GitHub buy may spell more work for competitor

  

  Bloomberg A company whose ticker is “TEAM” was just out-shined with crafty teamwork by a competitor. Atlassian Corp turned positive late in trading after a drop of as much as 2.3 percent after Microsoft Corp. agreed to purchase GitHub for $7.5 billion in stock. Bloomberg Intelligence analyst Mandeep Singh notes that “Atlassian will now have to compete against Microsoft, which ...

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• 5 June

  UK must get on with Brexit plans: Businesses

  

  Bloomberg UK businesses told Prime Minister Theresa May to get on with taking key Brexit decisions as companies start putting their contingency plans in place, according to a person at a meeting at her London office. May gathered leaders of companies ranging from aerospace to retail along with Chancellor of the Exchequer Philip Hammond and Brexit Secretary David Davis for ...

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• 5 June

  UK services sector grows faster than forecast

  Bloomberg The UK services sector grew more than forecast in May as the economy continued to plot a modest recovery from the snow disruption of the first quarter. IHS Markit said on Tuesday its Purchasing Managers Index rose for a second month to 54 from 52.8. That beat the reading of 53 predicted in a Bloomberg survey. Taken together with ...

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• 5 June

  Qualcomm unveils new chip, ‘free data’

  

  Bloomberg Qualcomm Inc, the biggest maker of semiconductors for smartphones, unveiled a new chip, said Samsung Electronics Co. is already on board as a customer, and offered free wireless data for devices based on the processor — all part of a push to get its mobile technology into the computing market dominated by Intel Corp. Samsung is committed to offering ...

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• 5 June

  Trump support wavering in farm country over ethanol

  Bloomberg Even as Donald Trump tweets his support for US agriculture, farmer loyalty for the president looks like it’s starting to waver over moves that may undermine corn-based etha-nol and escalate trade disputes with countries that import American crops. A long-anticipated White House announcement expected to lower costs for oil refiners at the expense of ethanol may show that the ...

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• 5 June

  Italy’s Conte promises populist agenda, urges strong Europe

  

  Bloomberg Italian Prime Minister Giuseppe Conte pledged in his maiden speech that his government will push through populist measures ranging from a “citizen’s income” for the poor to tax cuts and curbs on immigration, as he called for a stronger, fairer Europe “to prevent its decline.” Speaking in the Senate before a confidence vote, the 53-year-old lawyer with no political ...

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• 5 June

  Merkel offers carrot to Italy but keeps the stick in reserve

  

  Bloomberg Germany is ready to challenge any attempt by Italy’s populist government to flout European Union regulations or seek special treatment from the bloc. German Chancellor Angela Merkel was among the first to congratulate her Italian counterpart, Prime Minister Giuseppe Conte, but if necessary she is prepared to make clear to the new government in Rome that it must stick ...

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