May, 2018

• 13 May

  Strategy that killed SunEdison is now beating UK stocks

  Bloomberg The business model that felled what was once the world’s biggest renewable energy company is alive and making money in Britain. Listed funds using the yieldco model are outperforming the FTSE All-Share Index on a risk-adjusted return basis, according to research from Imperial College. “Yieldco” had almost become a dirty word after SunEdison Inc.’s bankruptcy in 2016. The strategy ...

  Read More »
• 13 May

  Bahrain has enough foreign reserves to keep dollar peg

  Bloomberg Bahrain has enough foreign reserves to maintain its currency’s peg to the US dollar, central bank governor Rasheed Al-Maraj said, as higher oil prices help the island-kingdom ease pressure on its strained public finances. Al-Maraj, speaking in an interview in the capital Manama, said he wasn’t aware of any current talks between Bahrain and its Gulf Arab allies over ...

  Read More »
• 13 May

  Natural gas exports poised to gain as Iran deal dies

  Bloomberg Another darling of the Trump administration is poised to gain from the Iran deal breakup as oil surges: Natural gas exports. With the move to curb Iran’s oil output encouraging more shale drilling, prices for natural gas produced alongside crude in West Texas could crater, falling to zero some days, according to Tudor Pickering Holt & Co. Already, the ...

  Read More »
• 13 May

  GE to buy Alstom’s energy stakes in JVs for $3.1bn

  

  Bloomberg General Electric Co. will be required to buy Alstom SA’s stakes in three energy joint ventures for 2.59 billion euros ($3.1 billion), closing a lengthy chapter in the massive 2015 tie-up that has become a headache for the beleaguered US manufacturer. Alstom said that it will exercise its options to exit the renewable energy, grid and nuclear businesses that ...

  Read More »
• 13 May

  Trump plans to open Jerusalem embassy opposed across Mideast

  

  Bloomberg One of President Donald Trump’s most contentious foreign policy projects, the inauguration of a US embassy in Jerusalem, is set to be carried out on Monday even as peace in the Middle East seems more elusive than ever. While Trump, who vowed to move the embassy from Tel Aviv during his campaign, isn’t attending, he’ll address invitees to the ...

  Read More »
• 13 May

  Trump thanks N Korea for move to dismantle test site

  

  Bloomberg North Korea has set the date to begin shutting down a major nuclear test site as it continues to pursue improved relations with the world, earning thanks on Twitter from US President Donald Trump for “a very smart and gracious gesture!” A ceremony will be held between May 23 and May 25 for the dismantling of North Korea’s northern ...

  Read More »
• 13 May

  ‘Trust me to deliver’ Brexit even as cabinet split: May

  Bloomberg UK Prime Minister Theresa May called for unity over Brexit, following a week in which Cabinet tensions spilled over and her plan for Britain’s trading relationship with the European Union was labeled “crazy” by a key party member. “You can trust me to deliver,” May wrote in the Sunday Times newspaper. “The path I am setting out is the ...

  Read More »
• 13 May

  Battle for democracy rages in Poland, oppn gains ground

  

  Bloomberg Poland’s biggest opposition group brought 50,000 people to the streets of Warsaw on Saturday to protest what they see as the government’s efforts to restrict democracy and distance the nation from the European Union (EU). Protesters carrying Poland and the EU flags, and signs calling for “freedom, equality and democracy,” thronged the center of the capital city, shouting “constitution” ...

  Read More »
• 13 May

  New Malaysian leader tightens net around ousted ex-PM Najib

  

  Bloomberg Malaysian Prime Minister Mahathir Mohamad moved swiftly against predecessor Najib Razak just days after his shock election win, banning him from leaving the country and planning to reopen a probe into a multi-billion dollar scandal at a state fund that Najib helped set up. Even as a chastened Najib said he would support a smooth transition of power and ...

  Read More »
• 13 May

  Italy’s populists in ‘talks’ as president takes a stand

  

  Bloomberg Italy’s populist leaders Luigi Di Maio and Matteo Salvini forged ahead with a government plan in marathon talks, while President Sergio Mattarella indicated that he doesn’t intend to rubber stamp whatever they decide. Di Maio of the anti-establishment Five Star, and Salvini, who heads the anti-immigrant League and a broader center-right alliance, were set to hold further discussions in ...

  Read More »