April, 2018

• 15 April

  ‘Mission accomplished’ as Syria strike unanswered

  

  Bloomberg The Pentagon said missile strikes on Syria have hampered Bashar al-Assad’s ability to use chemical weapons again, without encountering serious resistance from the Syrian military or its Russian allies. President Donald Trump summed up that achievement in two words: “Mission accomplished.” The tweet was an echo of predecessor George W. Bush, who, speaking on an aircraft carrier in front ...

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• 15 April

  Mass protest in Hungary exposes split post Orban win

  Bloomberg Tens of thousands of Hungarians packed Budapest’s most iconic avenue to protest Prime Minister Viktor Orban’s re-election, saying it may further stifle democratic freedoms in the ex-Communist European Union member. Protesters marched on April 14 from the Opera on Andrassy Avenue to the square in front of Parliament in the biggest anti-government protest in years. Organisers demanded a new ...

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• 15 April

  Venezuela anti-US revolt fizzles as exodus mounts

  

  Bloomberg After using the Summit of the Americas for more than a decade to help whip up anti-US sentiment in Latin America, Venezuela this week found out how isolated it truly is. Barred from attending the two-day event, Venezuela had to watch as country after country condemned the administration of President Nicolas Maduro and called for the restoration of democracy ...

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• 15 April

  Merkel looks at ways to tackle Germany’s east/west disparities

  

  BERLIN / Reuters German Chancellor Angela Merkel on Sunday said government subsidies were needed to address lingering disparities in the quality of life in the states of former Communist East Germany and West Germany 28 years after unification. In a video webcast, Merkel said the government needed to look at ways to address the structural differences that would remain after ...

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• 15 April

  No retaliation after Syria boosts Gulf; Saudi petchems up on oil

  

  Reuters Most Gulf stock markets rose on Sunday due to firm oil prices and relief that the weekend’s military attack on Syria was relatively limited in scope and there was no immediate retaliation. The United States, France and Britain launched 105 missiles after a suspected poison gas attack in Syria a week earlier. The strikes were limited to three alleged ...

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• 15 April

  Oil may be about to jump

  

  Bloomberg Oil prices, already at more than three-year highs, may be about to jump further. And, to JPMorgan Chase & Co., crude-related assets are starting to look attractive. Brent oil could spike to $80 a barrel if the US and European Union reimpose sanctions on Iran and as Western powers expand the scope of the Syrian civil war, JPMorgan strategists, ...

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• 15 April

  Toyota’s Hino, VW truck unit tie up to trim R&D costs

  

  TOKYO / Reuters The truck units of Toyota Motor and Volkswagen AG are forming an alliance to bolster their market positions as commercial vehicle makers face growing costs to develop lower-emission vehicles and automated driving capabilities. The strategic tie-up of Toyota subsidiary Hino Motors and Volkswagen Truck & Bus GmbH is the latest in the global vehicle industry, where au ...

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• 15 April

  Tata Motors’ UK unit to cut 1,000 jobs

  Bloomberg Jaguar Land Rover, Britain’s biggest carmaker, is poised to announce the elimination of around 1,000 posts currently filled by workers on short-term contracts as it grapples with slumping UK sales of diesel autos and uncertainty around Brexit. JLR, a unit of India’s Tata Motors Ltd., will formally announce the cuts on Monday when it reveals production plans for the ...

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• 15 April

  World’s best-performing department stores chain this year is from India

  

  Bloomberg The allure of India’s consumer stocks is getting stronger. Jefferies India Pvt. joins a growing chorus of bulls on the producers of staples and branded goods. Its picks in the sector include V-Mart Retail Ltd., whose stock-market performance has made the company the world’s best-performing department stores chain this year, according to data compiled by Bloomberg. Shares of V-Mart, ...

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• 15 April

  Agarwal to help Anglo tap India’s 1.3bn people

  

  Bloomberg Anglo American Plc’s biggest shareholder, billionaire Anil Agarwal, has offered to help the mining giant expand into India. “That’s a big market for them,” Agarwal said in an interview in Lusaka. “I am going to help them if they need to open up that market for them to work there.” The mining tycoon wasn’t explicit about whether he wanted ...

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