November, 2017

• 25 November

  China fintech firm plans fate of $500mn IPO

  

  Bloomberg LexinFintech Holdings Ltd., owner of Chinese online lending platform Fenqile, plans to meet advisers to discuss the fate of its proposed US initial public offering, people with knowledge of the matter said. The company aims to decide whether to imminently start its IPO roadshow or wait for a later date when market sentiment may be better, according to the ...

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• 25 November

  Singapore aims to bolster its position as centre for debt restructuring hub

  

  Bloomberg Singapore has made “a good start” in its bid to become a debt restructuring hub in the region, with six workout cases filed before its courts after it adopted US Chapter 11-like incentives in local company laws this year, a senior government official said. Indonesian developer PT Bakrieland Development is set to complete its group restructuring after a plan ...

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• 25 November

  Trump aims to limit Google, Facebook, liability in ‘NAFTA’

  

  Bloomberg The Trump administration is pushing to add legal protections in NAFTA that would limit the liability of internet giants such as Google and Facebook, marking the latest in a tug-of-war as policy makers balance policing the web with protecting free speech. US Trade Representative Robert Lighthizer included the proposal in an updated US wish-list for the North American Free ...

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• 25 November

  Bombardier eyes Morocco rail factory as part of African push

  

  Bloomberg Bombardier Inc.’s train-equipment arm is looking to build a factory in Morocco if it wins a contract to supply rolling stock to the country’s state-owned railways. The facility would build railcars and perform engineering and maintenance work, Marc-Andre Lefebvre, a Bombardier spokesman, said. It would have about 600 employees and could open as soon as 2020, he said, declining ...

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• 25 November

  Uber to merge Russian business with Yandex

  

  Bloomberg Yandex NV, Russia’s largest technology company, received local antitrust approval to merge its ride-hailing business with Uber’s in the country, the Russian Federal Antimonopoly Service said. Ordering rides from smartphone apps is driving growth in the Russian taxi market but the Yandex-Uber joint venture is required not to prevent its passengers, drivers and partners from working with other ride-hailing ...

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• 25 November

  Skype disappears from Chinese app stores in web crackdown

  

  Bloomberg Microsoft Corp.’s Skype has vanished from Apple Inc. and Android smartphone app stores in China, becoming the latest victim in Beijing’s sweeping internet clampdown. The internet phone and video service was no longer available on Apple’s iOS or on popular local Android stores such as Xiaomi Corp’s. The Ministry of Public Security notified Apple that a number of voice-over-internet-protocol ...

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• 25 November

  Russia, OPEC reach consensus on outline to extend oil curbs

  

  Bloomberg OPEC and Russia have crafted the outline of a deal to extend their oil production cuts to the end of next year, although both sides are still hammering out crucial details, according to people involved in the conversations. The Organisation of Petroleum Exporting Countries and several non-OPEC nations led by Russia will meet next week in Vienna to discuss ...

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• 25 November

  Equatorial Guinea aims tie-up with Venezuela on $2bn refinery complex

  

  Bloomberg Equatorial Guinea, OPEC’s newest member, is looking to build a $2 billion oil-refining complex that may be operated by Venezuela’s state-run crude producer PDVSA. The refining complex in Equatorial Guinea is expected be announced in January and take two years to be completed, Gabriel Obiang, Equatorial Guinea’s Minister of Mines, Industry and Energy, said in an interview while attending ...

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• 25 November

  Engie sells Aussie Loy Yang plant to Alinta

  

  Bloomberg Engie SA and Mitsui & Co. agreed to sell the Loy Yang B coal power plant in Australia’s Victoria state to Alinta Energy Holdings Ltd., boosting the Hong Kong-owned utility’s exposure to the fossil fuel. Alinta’s owner, Chow Tai Fook Enterprises Ltd., entered into a conditional binding agreement to buy the 1,000-megawatt station, the company said in an emailed ...

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• 25 November

  India eyes China-scale clean energy tenders in next 3 years

  

  Bloomberg In a bid to exceed Prime Minister Narendra Modi’s climate pledges, India announced that it will tender enough renewable energy projects over the next three years to surpass 200 gigawatts of green capacity build by 2022. India declared a three-year program towards tenders for renewable energy projects that will meet its original target of 175 gigawatts of clean-energy capacity ...

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