April, 2018

• 28 April

  Central banks take it easy to give global growth second look

  

  Bloomberg Central banks from Frankfurt to Ottawa appear to be taking a lower gear on the road away from easy monetary policy amid signs some key economies are slowing. The European Central Bank avoided any discussion of its next steps toward ending bond buying and Sweden’s Riksbank pushed back a plan to raise interest rates for the first time in ...

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• 28 April

  Draghi: Eurozone economic outlook is solid

  

  Bloomberg Mario Draghi said European Central Bank policy makers refrained from discussing the end of asset purchases or even the stronger euro as they focussed on gauging the health of the region’s economy. The Governing Council spent its two-day meeting assessing a raft of weaker economic data, the ECB president said at a news conference in Frankfurt. While acknowledging that ...

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• 28 April

  Latvia wants clampdown on banks to reopen US dollar system

  

  Bloomberg Latvia’s prime minister says his nation is cracking down on shady dealings in the financial sector to help local banks regain access to directly transact in dollars. Doing so is vital for boosting trade and investment, according to Prime Minister Maris Kucinskis, whose government has sought to tighten banking supervision after the demise of the Baltic nation’s No. 3 ...

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• 28 April

  US presses China over IP concerns amid tariff dispute

  

  Bloomberg The US issued a new warning to China on its handling of intellectual property as President Donald Trump prepares to dispatch senior advisers to the Asian nation to head off a trade dispute. The US Trade Representative’s office kept China on its “priority watch list” of countries whose IP practices require monitoring. China has an “urgent need” to fix ...

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• 28 April

  Honda profit forecast falls short on yen appreciation

  

  Bloomberg Honda Motor Co., which until last year was the fastest-growing car brand in China, gave a full-year profit forecast that trailed analysts’ estimates on a stronger yen as it halted sales of its popular CR-V crossover in the world’s largest vehicle market. Operating profit will probably fall to 700 billion yen ($6.4 billion) in the year ending March 2019, ...

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• 28 April

  Hong Kong digs deep underground to free up land for new housing

  

  Bloomberg Hong Kong may dig deep to reverse the city’s chronic shortage of land for building, adding underground caverns to the mix of options aimed at creating more housing in the world’s most expensive property market. It’s an option, according to a government body trying to come up with more land for development. Facilities such as sewage plants and reservoirs ...

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• 28 April

  ZTE fails to address US sanctions as it says earnings surged

  Bloomberg ZTE Corp. reported its earnings have surged, without addressing the impact of US sanctions that threaten to derail its crucial global expansion into next-generation telecoms networking. The second-largest Chinese telecom gear maker, which had delayed its results release by a week to digest a seven-year ban on purchasing American components, didn’t offer an update on the crisis. Instead, the ...

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• 28 April

  India nears power success, but millions still in the dark

  

  Bloomberg Prime Minister Narendra Modi stormed to victory in 2014 on pledges to improve the lives of Indians, including bringing power to every citizen. Rural electrification became a cornerstone of the prime minister’s plan, which included connecting more than 18,000 villages by the end of this month. And with only a few left to be electrified, according to government data, ...

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• 28 April

  T-Mobile, Sprint near telecom merger deal worth $24 billion

  

  Bloomberg T-Mobile US Inc. and its German owners are advancing towards a long-awaited telecommunications union that would value merger partner Sprint Corp. at about $24 billion, according to people with knowledge of the matter. Under the terms being discussed, T-Mobile backer Deutsche Telekom AG would receive a 42 percent stake and 69 percent voting interest in the combined company, said ...

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• 28 April

  Fuji takeover of Xerox temporarily blocked

  

  Bloomberg Xerox Corp.’s plan to sell itself to Japanese rival Fujifilm Holding Corp. was temporarily blocked by a New York judge who determined the chief executive officer behind the deal was trying to preserve his own job. Investor Darwin Deason sued to block the transaction, accusing CEO Jeffrey Jacobson of acting without authorisation to strike a deal with Fujifilm that ...

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