May, 2018

• 6 May

  Trump plans to pull out of Iran N-deal: Giuliani

  

  Bloomberg Rudy Giuliani suggested that Donald Trump plans to pull the US out of the Iran nuclear agreement, pointing to the presence in the president’s inner circle of new Secretary of State Mike Pompeo and long-time foreign policy hawk John Bolton. “We have a president who is tough,” Giuliani said at a conference organised in Washington by the Organization of ...

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• 6 May

  Trump threatens federal shutdown over border wall

  

  Bloomberg President Donald Trump renewed a threat to close down the federal government when current funding runs out in September if immigration reforms and funding for a wall on the US border with Mexico aren’t forthcoming. “We may have to close up our country to get this straight,” Trump said during an event in Cleveland focused on the benefits of ...

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• 6 May

  May under pressure from Brexit-divided Tories

  

  Bloomberg Theresa May declared her “absolute determination” to make a success of Brexit as she came under new pressure from Conservatives on both sides of the Brexit debate. Writing in the Sun newspaper on Sunday, the British prime minister pledged to leave the European Union’s single market and the customs union and build “a new relationship with EU partners that ...

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• 6 May

  Five Star ready to discuss with League to form Italy government

  

  Bloomberg Italy may be at a turning point to end a two-month political deadlock as Five Star Movement leader Luigi Di Maio signalled he’s ready to give up his quest to be prime minister as a way to begin talks with the League’s Matteo Salvini on forming a government. “I want to do a political government with the League based ...

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• 6 May

  Good-as-it-gets bear case on stocks keeps drowning out earnings

  

  Bloomberg It’s not what have you done for me lately. For companies in the S&P 500 Index, it’s what will you do for me next. And that’s proving a thorny question for US equity bulls. Another week of stellar earnings reports has gone by without any payoff in stocks. Even Friday’s rally, the biggest in almost a month, couldn’t turn ...

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• 6 May

  Pound may regain lost ground if BOE decides on ‘hawkish hold’

  

  Bloomberg Once again, the pound’s fortunes lie with the Bank of England. Traders will scrutinise the central bank’s policy decision on Thursday for any signs that an interest-rate hike this year is still in the cards. A lot of bad news has already been baked into the UK currency and a “relatively hawkish hold” from the BOE could push it ...

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• 6 May

  BP taps Morgan Stanley as it weighs buying BHP assets

  

  Bloomberg BP Plc is weighing an acquisition of some of BHP Billiton Ltd.’s energy assets as the British oil major seeks more US shale, according to people familiar with the matter. The London-based company is working with Morgan Stanley to advise on the plans, said the people, asking not to be identified as the matter is private. BP is weighing ...

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• 6 May

  AltaGas’s $4.6bn WGL deal gets closer with settlement

  

  Bloomberg AltaGas Ltd.’s proposed $4.6 billion buyout of WGL Holdings Inc. took a step closer to approval, with the two companies announcing a potential settlement with several groups in the District of Columbia. The settlement in principal may be a sign that the D.C. Office of People’s Counsel and other local organizations won’t oppose the deal, and was announced in ...

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• 6 May

  Russia stands by Opec deal even after 2 months of overproducing

  Bloomberg Russia reaffirmed its pledge to an alliance with OPEC, despite two months of breaching its target under a global oil-output deal. The country remains “fully committed” to bringing balance to the crude market, Russia’s Energy Minister Alexander Novak said in a statement. Russia’s compliance with the deal was 95.2 percent in April, after a rate of 93.4 percent in ...

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• 6 May

  Cheap-energy drive seen risking UK climate goals

  

  Bloomberg Britain’s zeal to protect consumers from higher energy prices may be about to upend measures to rein in fossil-fuel pollution. Power grid operators warned they won’t be able to break even on future investments to upgrade the electricity system if a proposal to slash authorized profit margins takes effect. Backing that view is Moody’s Investors Service, which said tighter ...

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