May, 2018

• 7 May

  Siemens, Idemitsu among suitors in Vietnam’s energy sell-off

  

  Bloomberg Buyers from Germany, Japan, India and beyond are kicking the tires on Vietnam’s great state asset sale. The government’s hunt for overseas investment in some of the nation’s biggest energy companies has yielded interest from firms including Siemens AG, Idemitsu Kosan Co. and Indian Oil Corp., among others, according to Deputy Minister of Industry & Trade Hoang Quoc Vuong. ...

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• 7 May

  Stocks gain as oil rises past $70 a barrel; dollar hits strongest level

  

  Bloomberg US stocks extended gains following a rally in Europe and the dollar resumed its winning ways to reach the strongest level this year. Oil rose past $70 a barrel as traders braced for renewed US sanctions on Iran. The S&P 500 advanced for a second day, led by energy and tech stocks. The Stoxx Europe 600 Index climbed, though ...

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• 7 May

  1,800% share jump sets Danish firm Ambu up for benchmark status

  

  Bloomberg The best performer in the Stoxx Europe 600 index over the past five years just added to its remarkable share run with the biggest intra-day jump since 2000. Ambu A/S rose 18 percent at one point on Monday. The Danish medical-equipment maker had a “phenomenal” earnings report and could be set for more gains as trading volume makes it ...

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• 7 May

  Jack Ma’s finance giant faces a China clampdown

  

  Bloomberg There’s no other company on Earth quite like Ant Financial. Spanning online payments, insurance, lending, credit scores, asset management and more, Jack Ma’s Chinese behemoth resembles a mashup of PayPal, Geico, Wells Fargo and Equifax — with a bit of BlackRock thrown in for good measure. Thanks to clever mobile apps and a burgeoning Chinese middle class, Ant oversees ...

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• 7 May

  Good Doctor plunges below IPO price range

  

  Bloomberg Investors couldn’t get enough of Ping An Healthcare & Technology Co.’s initial public offering. Now they can’t get out fast enough. The company, also known as Good Doctor, fell as much as 11 percent to trade below the low end of the range offered to investors in the share sale, before paring losses to 3.3 percent at 10:33 a.m. ...

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• 7 May

  Vinhomes poised to price $1.35bn share sale at top

  Bloomberg Vinhomes JSC, the luxury residential arm of Vietnam’s biggest developer, is poised to price its $1.35 billion initial equity offering at the top end of a marketed range, people with knowledge of the matter said. Existing Vinhomes investors plan to sell shares at 114,700 dong apiece in the offering, the people said, asking not to be identified because the ...

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• 7 May

  Biggest miner BHP says China’s shift to quality iron ore will hold

  

  Bloomberg BHP Billiton Ltd., the world’s biggest miner, forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron ore and coking coal as consumption of the alloy keeps growing well into the next decade. Steel mills are likely to retain about two-thirds of the improvements in margins seen since a push began in ...

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• 7 May

  China softens tone on trade after US leaves empty handed

  

  Bloomberg China tried to strike a positive tone after Donald Trump’s trade negotiators left Beijing with no public sign of an agreement, reiterating that the US shouldn’t make unreasonable demands. State media over the weekend offered a somewhat positive assessment of the US trade talks, urging more negotiations while saying the Americans should be “rational and pragmatic.” And in a ...

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• 7 May

  Putin starts new term with same premier as foreign tensions grow

  

  Bloomberg Vladimir Putin was sworn in for the fourth time as president, promising Russians an “economic and technological breakthrough” and reappointing his long-serving prime minister amid the deepest standoff with the West in decades. Despite Putin’s rhetoric, there’s little appetite in the Kremlin for real changes, according to senior officials, as the growing tension with the US and European Union ...

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• 7 May

  Gunmen kill 45 in attack on northern Nigerian town

  

  Bloomberg Unidentified gunmen killed at least 45 people in an attack in a central Nigerian region that has been plagued by violence between farmers and herder communities. The attackers also burned down homes in the district of Birnin Gwari, about 200 kilometres (124 miles) northwest of the capital, Abuja, Kaduna state police chief Austin Iwar said in a text message. ...

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