April, 2018

• 30 April

  Gold jewellers in India see cool IPO outlook after alleged fraud

  

  Bloomberg Gold jewellers in India are expecting a cool reception in the short term to any plans to publicly trade shares in the wake of an alleged $2 billion fraud by jewellers Nirav Modi and Mehul Choksi. Joyalukkas Group has put an initial share sale of its jewellery business on hold and will revisit the proposal after national elections next ...

  Read More »
• 30 April

  Gas pipelines facing $18.5 billion threat from Trump tax revamp

  

  Bloomberg Pipeline owners led by Enbridge Inc. and Williams Cos. could be forced to refund as much as $18.5 billion to drillers, utilities and even United Airlines Inc. for upfront payments they charged customers before new US tax rules cut the corporate rate. Natural gas conduits include the cost of future tax payments in customer fees. Because the Trump administration ...

  Read More »
• 30 April

  After Tesla debacle, Denmark reconsiders electric car subsidies

  

  Bloomberg Denmark may be open to financial incentives to buy electric cars after seeing a dramatic drop in sales of non-polluting vehicles, according to Prime Minister Lars Lokke Rasmussen. “We have tax incentives for electric cars, and you could discuss if they should be bigger. I will not exclude that,” Rasmussen said in an interview in Copenhagen. Any new incentives ...

  Read More »
• 30 April

  Roche lifts forecast as bet outside cancer pays off

  

  Bloomberg Roche Holding AG’s bet on fields outside its mainstay market of cancer is starting to pay off as the Swiss drugmaker boosted its forecast for this year. New medicines such as Ocrevus for multiple sclerosis and Hemlibra for hemophilia are driving the increase, the company said in a statement. The world’s biggest maker of cancer treatments also reported sales ...

  Read More »
• 30 April

  Ceridian raises $462mn in IPO

  

  Bloomberg Ceridian HCM Holding Inc., the software maker backed by Thomas H. Lee Partners, raised $462 million in its initial public offering. The company priced 21 million shares at $22 apiece, above the $19 to $21 price range marketed to investors, according to data compiled by Bloomberg. The IPO gives Ceridian a market value of almost $3 billion, according to ...

  Read More »
• 30 April

  Ford mulls $11.5bn in extra cuts, killing car business

  

  Bloomberg Ford Motor Co. is sharpening its knives to cleave another $11.5 billion from spending plans and cut several sedans, including the Fusion and Taurus, from its lineup to more quickly reach an elusive profit target. The automaker expects to save $25.5 billion by 2022, Chief Financial Officer Bob Shanks told reporters as Ford reported first-quarter earnings per share and ...

  Read More »
• 30 April

  London new-home sales rise after first price cuts since 2010

  Bloomberg Sales of London homes under construction rose as developers lowered asking prices for the first time since 2010. About 6,900 of the properties were sold in the first quarter, the most in three years, with about 30 percent snapped up by institutional investors betting on rental properties, according to a report by Molior London seen by Bloomberg News. Londoners ...

  Read More »
• 30 April

  Kim pledges to shut down nuclear site in May

  

  Bloomberg North Korea leader Kim Jong-un has promised to close his main nuclear weapons test site in May and said he will invite South Korean and American media to witness the shutdown. Ahead of an historic meeting with US President Donald Trump expected within the next three to four weeks, Kim told South Korea’s president that two tunnels at the ...

  Read More »
• 30 April

  Trump blasts Democrats, media in rally

  

  Bloomberg Donald Trump took on most of his usual targets at a campaign-style rally on April 28, including Democrats, the media and former FBI Director James Comey, and urged his supporters to vote in midterm elections to prevent a rollback of his policies. The president spoke in Washington, Michigan, on Saturday night as members of the media gathered in the ...

  Read More »
• 30 April

  UK ministers back Rudd as May readies for another testing week

  Bloomberg Ministers rallied to the defense of beleaguered UK Home Secretary Amber Rudd as she prepared to face lawmakers on Monday in a House of Commons appearance that could make or break her career. Already under pressure over the status of post-World War II immigrants from the Caribbean, Rudd will defend her claim last week that she didn’t know about ...

  Read More »