April, 2018

• 2 April

  Singapore home prices jump most in almost eight years

  

  Bloomberg Singapore private home prices surged the most since 2010 as the property market staged a recovery from a four-year slump. An index tracking private residential prices jumped 3.1 percent in the three months ended March 31, according to a flash estimate from the Urban Redevelopment Authority, building on a 0.8 percent gain the previous quarter. That’s the biggest quarter-on-quarter ...

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• 2 April

  Texas-sized gas conundrum plagues busiest US oil play

  

  Bloomberg America’s most prolific oil field is now its worst market for natural gas. A pipeline shortage that’s leaving gas trapped in West Texas’ Permian Basin means prices for the fuel there are the lowest of any major US hub, wresting that distinction from Appalachia’s Marcellus Shale. Prices for Permian gas, produced alongside oil in the play, have tumbled 32 ...

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• 2 April

  Bahrain says big oil find dwarfs reserves

  

  Bloomberg Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency. The shale oil and natural gas discovered in a deposit off the island state’s west coast “is understood to dwarf Bahrain’s current reserves,” Bahrain News Agency reported, without giving figures. US ...

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• 2 April

  Crude futures drop 1.9 percent

  Bloomberg Crude fell as a sell-off in equity markets signalled a flight from riskier investments. Futures slid as much as 1.9 percent in New York. US stocks declined as China imposed retaliatory tariffs on US goods, the latest move in escalating trade dispute between world’s largest economies. At the same time, supply concerns that prompted hedge funds to increase bullish ...

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• 2 April

  Iraq cabinet approves raising crude oil output capacity

  Reuters The Iraqi cabinet approved a plan to raise the nation’s crude oil output capacity to 6.5 million barrels per day by 2022, according to a government statement. Iraqi Oil Minister Jabar al-Luaibi said in January capacity was currently close to 5 million bpd. The country is producing more than 4.4 million bpd in line with an agreement between the ...

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• 2 April

  Adobe steps up AI-powered marketing to take on rivals

  

  Bloomberg Adobe Systems Inc., the company best known for Photoshop, has lately been spending its time trying to figure out what makes consumers tick. The software maker has been quietly undertaking a project to help corporate customers automate their marketing efforts, part of an accelerated push into artificial intelligence. Called Perfect Path, the prototype system aims to use massive amounts ...

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• 2 April

  Time Warner attacks US data underpinning AT&T merger suit

  

  Bloomberg Time Warner Inc.’s attorneys launched a withering attack on the US government’s evidence that its proposed sale to AT&T Inc. could trigger large subscriber losses for pay-TV rivals and lead to an abuse of leverage in programming deals. On the fifth day of the Justice Department’s antitrust trial to stop the deal, Time Warner said the US’s expert estimates ...

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• 2 April

  Facebook limits brokers’ data use for ad targets

  

  Bloomberg Facebook Inc. is conducting a broad review of all its data practices and taking a much more conservative stance on some policies, moves that could limit advertisers’ ability to target users on the social network, according to people familiar with the matter. As part of the changes that will be rolled out over the next few weeks, Facebook said ...

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• 2 April

  Starwood bids $1billion for Swedish firm Victoria Park

  Bloomberg Starwood Capital Group offered to buy Victoria Park AB in a $1 billion deal that would give the US investment firm a foothold in Sweden’s rented-residential real estate market. The cash offer to shareholders in Victoria Park values the Swedish company at about 8.68 billion kronor, Starwood said in a statement to the stock exchange in Stockholm. Victoria Park ...

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• 2 April

  Nissan’s Infiniti seen recharging its attack on BMW, Audi

  

  Bloomberg Infiniti is recharging its attack on BMW and Audi. The Nissan Motor Co. premium brand wants to use the structural changes enabled by the industry’s shift toward electric and self-driving cars—such as a larger cabin and fewer components under the hood—as a chance to inject a Japanese touch of simplicity and space into its models. That entails a minimalist ...

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