April, 2018

• 11 April

  Seoul expects Trump, Kim ‘N-talks’ to progress

  

  Bloomberg South Korea President Moon Jae-in said he expected a “big step” towards denuclearisation of the peninsula during a unprecedented summit between US President Donald Trump and North Korean leader Kim Jong Un. “Both sides are preparing for this with commitment, and I look forward to a big step being taken during the US-North Korea meeting,” Moon said in Seoul. ...

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• 11 April

  Israel PM’s flip-flops on deportation leave African migrants in limbo

  

  TEL AVIV / Reuters Israel is finalising a deal to deport thousands of African migrants to Uganda under a new scheme after agreements with Rwanda and the UN’s refugee agency to find homes for those expelled fell through. About 4,000 migrants have left Israel for Rwanda and Uganda since 2013 under a voluntary programme but PM Benjamin Netanyahu has come ...

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• 11 April

  Facebook CEO hearing fails to win European plaudits

  

  Bloomberg The early critique of Facebook Inc. Chief Executive Officer Mark Zuckerberg’s efforts to restore trust with US lawmakers was mostly positive, with shares bouncing back. Europeans waking up to reports from the five-hour congressional hearing are not as convinced. Senators cross-examined Zuckerberg over the leak of data on 87 million people and signalled they may move to rein in ...

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• 11 April

  Unruly German cabinet ready to tackle bulging inbox: Merkel

  BERLIN / Reuters We will argue, but we are ready to get on with governing Germany: that was Chancellor Angela Merkel’s take on her new cabinet after a “get to know you” retreat for ministers. Leading ministers from Merkel’s conservative bloc and their Social Democrat (SPD) coalition partners have been sniping at each other since taking office a month ago, ...

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• 11 April

  Donald Trump’s Syria tweets shake stocks, boost Treasuries

  

  Bloomberg US stocks fell and Treasuries rose as global financial markets turned cautious amid rising tension in the Middle East and renewed political discord in America. The dollar stayed lower as a key gauge of inflation accelerated. All major equity indexes were lower after President Donald Trump’s provocative comments about Russia and his warning that America’s preparing to attack Syria. ...

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• 11 April

  Egypt surges on real estate merger talks

  

  Reuters Egyptian real estate stocks surged on Wednesday after two big companies in the sector said they might merge, while Saudi Arabia fell sharply after US President Donald Trump threatened imminent military action in Syria. In Egypt, the stock index gained 1.4 percent as SODIC jumped 5.5 percent to a 10-year closing high and Madinet Nasr for Housing and Development ...

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• 11 April

  Flipkart prefers Walmart over Amazon for acquisition

  

  Bloomberg Walmart Inc. looks likely to take the next round in the battle for India’s retail market over rival Amazon.com Inc. Flipkart Online Services Pvt, the country’s leading e-commerce company, is leaning towards selling a controlling stake to the Bentonville, Arkansas-based company, rather than Amazon, because of the greater certainty in such a deal, according to people familiar with the ...

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• 11 April

  China: Xi’s reform pledges unrelated to US trade tensions

  

  Bloomberg Chinese President Xi Jinping’s promises to open sectors from banking to auto manufacturing were unrelated to US trade complaints and not intended as a response, the country’s foreign ministry said. “I can tell you clearly that China’s announcement of major opening-up measures has nothing to do with the current China-US economic and trade conflicts,” Foreign Ministry spokesman Geng Shuang ...

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• 11 April

  Alibaba-backed carmaker aims to raise $1.6bn

  

  Bloomberg Xiaopeng Motors, the Chinese car startup that’s backed by Alibaba Group Holding Ltd. and Foxconn Technology Group, plans to raise more than 10 billion yuan ($1.6 billion) this year in a bid to take on rivals in the world’s biggest market for electric vehicles (EV). The company plans to start pre-sales of its first model, the G3 crossover, by ...

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• 11 April

  Lyft mulls entering Japan to ramp up cost competition

  

  Bloomberg Lyft Inc. President John Zimmer said the US ride-hailing startup is considering entering Japan, one of the few large markets in the world where such services have not yet taken off. Zimmer said the company will “absolutely” be looking at the possibility and would probably team up with a local partner to do so. Rivals Uber Technologies Inc. and ...

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