June, 2018

• 12 June

  BlackRock targets financial advisers with risk ‘X-Ray’ tool

  

  Bloomberg Almost three decades ago, BlackRock Inc. created software to obsessively monitor the then-fledgling firm’s financial risks. Now, after turning it into an essential tool on Wall Street, the firm is zeroing in another kind of client: financial advisers. The world’s largest asset manager is marketing its risk analytics software, known as Aladdin, to the army of wealth managers who ...

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• 12 June

  KKR to buy Envision Healthcare for $5.57bn

  

  Bloomberg Private equity firm KKR & Co. will buy Envision Healthcare Corp. for $5.57 billion plus debt, after a lengthy sale process by the hospital staffing and surgical center company. Including debt, the all-cash purchase will value Envision at $9.9 billion, the health-care company said in a statement. Envision said the $46-a-share price represents a 32 percent premium to its ...

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• 12 June

  Publishers slam Facebook ad policy

  

  Bloomberg Facebook Inc. is facing more blowback for its decision to categorise the promotion of news articles as political content, with global publishers now urging Chief Executive Officer Mark Zuckerberg to change its policy. Seven trade groups representing media publishers and broadcast organis­ations in more than 120 countries including the New York Times, BBC.com and 21st Century Fox, sent a ...

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• 12 June

  UK employment rise beats forecast; wage growth slows

  Bloomberg The UK economy continued to create jobs at a healthy pace in the three months through April but wage growth unexpectedly slowed. The employment rate reac-hed a record-high 75.6 percent after economy added 146,000 jobs, more than the 120,000 predicted by economists. The jobless rate held at 4.2 percent, its lowest since 1975. However, a surprise moderation in the ...

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• 12 June

  Daimler gets slapped with recall, but avoids risk of fines

  

  Bloomberg With a government order to recall 774,000 vehicles in Europe, Daimler AG stands accused of having used illegal defeat device in its engines, while escaping the crushing cost of fines. The move follows consultations with the German government in Berlin on June 11, which Daimler Chief Executive Officer Dieter Zetsche called “constructive.” Transport Minister Andreas Scheuer for his part ...

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• 12 June

  Trump, Kim pledge commitment to peace

  

  Bloomberg The US and North Korea agreed to seek “complete denuclearisation of the Korean Peninsula” following a historic summit between President Donald Trump and Kim Jong-un, yet set no deadline and left the path to disarmament undefined. Trump defended the two-page document he signed with Kim at the end of their meeting in Singapore earlier on Tuesday, saying that he ...

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• 12 June

  ‘US is losing global sway over trade dispute’

  

  Bloomberg Searching for a bright spot in the escalating trade dispute emanating from the US, Norway’s prime minister said the world’s biggest economy just isn’t as important anymore. “It’s important to remember that the US isn’t the same driving force as it used to be,” Erna Solberg said. “The world economy has more legs to stand on and there are ...

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• 12 June

  Merkel faces calls to tighten refugee policy

  

  Bloomberg German Chancellor Angela Merkel’s parliamentary caucus pressed her to end a cabinet standoff over refugee policy, underscoring the unbroken political risk posed by migration. At a regular meeting of Merkel’s 246-member Christian Democratic-led bloc on Tuesday, no member backed the chancellor’s criticism of a proposal by Interior Minister Horst Seehofer to turn back refugees at the German border, according ...

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• 12 June

  Congo PM rules out Kabila presidential bid

  

  Bloomberg Democratic Republic of Congo President Joseph Kabila isn’t planning to seek another term in an election scheduled for December as his opponents have speculated, the country’s prime minister said. While the constitution bars Kabila from seeking a third term, he’s refused publicly to rule himself out as a candidate in a vote scheduled for December 23. Attempting to extend ...

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• 12 June

  Malaysia’s attorney general starts review of 1MDB probe

  Bloomberg Malaysia’s attorney general will start his review of 1MDB investigation papers, signaling that charges linked to the troubled state fund may be imminent. Attorney-General Tommy Thomas has formed two teams, one to study the documents for possible criminal prosecution, and the other for civil proceedings, he said. The Malaysian Anti-Corruption Commission submitted the files to the Attorney General’s Chambers ...

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