June, 2018

• 11 June

  ‘Anti-state’ groups incite nationwide protests: Vietnam

  

  Bloomberg Vietnam said the groups behind June 10’s protests against proposed laws demonstrators view as curbing Internet freedom and favoring Chinese investors were trying to damage the country’s image, after the rare display of public activism reportedly turned violent. Thousands of demonstrators from Hanoi to Ho Chi Minh City rallied against draft cyber and economic-zone laws being considered by the ...

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• 11 June

  Elliott urges Thyssenkrupp to negotiate better Tata Steel deal

  Bloomberg Elliott Capital Management urged Thyssenkrupp AG to negotiate a better steel joint venture with Tata Steel Ltd., increasing pressure on the German company’s management to deliver more favorable terms. In a letter to Thyssenkrupp management, Elliott highlighted the divergence in performance in Tata and Thyssenkrupp’s steel businesses. The weakness in Tata’s recent performance means that a tie-up is now ...

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• 11 June

  Cobalt battery boom wavers as prices slide in top user China

  

  Bloomberg Cobalt is facing its first major test since an impending demand boom from electric vehicles triggered a two-year surge, with prices retreating in top consumer China amid signs there’s still enough material to go around. The price for cobalt sulfate — the chemical form used in car batteries and consumer electronics — fell to its lowest since January, and ...

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• 11 June

  Judge could clear AT&T’s Time Warner deal with ‘no blackout’ fix

  

  Bloomberg AT&T Inc.’s wait is finally over. Nearly two years after inking an $85.4 billion deal to acquire Time Warner Inc., the phone giant will learn on Tuesday whether a federal judge in Washington will grant the US Justice Department’s request to block the takeover on antitrust grounds. The decision hinges on whether the combination of AT&T’s pay-TV and mobile-phone ...

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• 11 June

  Factory, manufacturing output fall casts doubt over British economy

  

  Bloomberg UK manufacturing output fell the most in 5 1/2 years in April and construction posted a smaller-than- expected gain, casting fresh doubt over the health of the economy. The pound fell. Factory production shrank 1.4 percent, the most since 2012, the Office for National Statistics said. Economists had expected an increase. Building output rose 0.5 percent, well short of ...

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• 11 June

  Apple, Qualcomm legal tangle heading for clarity as trials begin

  

  Bloomberg After more than a year of vicious accusations and a flurry of lawsuits and counter claims, Apple Inc. and Qualcomm Inc’s multi-billion-dollar legal dispute is about to get serious. Hearings in the three most important markets — US, China and Germany — will soon determine whether Apple’s attempt to save itself billions in technology licensing payments by forcing one ...

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• 11 June

  Italy’s industrial output declines in April

  Bloomberg Italian industrial production declined far more than expected in April, adding to signs of a slowdown in economic growth just as the new government tries to reassure investors on the country’s outlook. Output decreased 1.2 percent from March, when it rose 1.2 percent, national statistics institute Istat said in Rome. Economists had predicted it would fall 0.5 percent in ...

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• 11 June

  Trump tariffs: Firms dangle cash prizes in lobbying push

  

  Bloomberg Some US companies anxious for exclusions from Donald Trump’s tariffs are turning to creative ways to get the president’s attention. One Texas steel pipe maker is promising that it will invest millions and hire new workers in return for a temporary break on tariffs. It’s also offering its employees cash prizes for writing the best postcards to Trump advocating ...

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• 11 June

  China’s ‘jet diplomacy’ shows influence in Trump-Kim talks

  

  Bloomberg China isn’t officially represented in the historic talks between US President Donald Trump and North Korean leader Kim Jong-un, but that hasn’t stopped Beijing from making its presence felt. Kim arrived in the city state on Sunday aboard a Boeing 747 operated by Air China Ltd., China’s state-run flagship carrier. The flight was both a potent display of China’s ...

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• 11 June

  Pompeo: Sanctions to remain until North Korea denuclearises

  

  Bloomberg The US plans to keep economic sanctions in place until North Korea eliminates its nuclear weapons capability yet is prepared to offer “unique” guarantees to ease the regime’s security concerns, Secretary of State Mike Pompeo said. The top US diplomat emphasized that complete denuclearisation “is the only outcome that the United States will accept” from North Korea, sending a ...

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