November, 2017

• 21 November

  Nestle to be among potential Hain Celestial suitors

  

  Bloomberg Nestle SA is among companies exploring a purchase of Hain Celestial Group Inc., a US maker of organic and vegetarian food, according to people familiar with the matter, as the Swiss giant seeks to expand into healthier fare. The Vevey, Switzerland-based company has held preliminary talks about purchasing all or parts of Hain Celestial, said the people, who asked ...

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• 21 November

  Paris, Amsterdam emerge Brexit winners

  

  Bloomberg France and the Netherlands won the contests to host two London-based European Union agencies in the first concrete political victories in the battle for Brexit spoils. The EU’s banking authority will move to Paris and the medicines regulator will relocate to Amsterdam by the time Britain departs from the 28-nation bloc in March 2019. The two cities emerged victorious ...

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• 21 November

  Thanksgiving staple head for compost heap on US surplus

  

  Bloomberg Cranberries might be a staple on Thanksgiving tables, but a glut of US supplies has gotten so large that fruit could be headed to the compost pile. Just as demand is hitting its seasonal peak, American processors are anxiously awaiting government approval that would allow them to turn excess fruit into fertiliser. The programme would be the first of ...

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• 21 November

  May wants something in return as Brexit money offer set to rise

  

  Bloomberg Prime Minister Theresa May is ready to put more money on the table to settle the Brexit divorce bill — but the Brits are plugging away at get-ting the European side to give her something in return. “We’re headed in the right direction and what matters now is that the UK and EU take a step forward together,” James ...

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• 21 November

  Russia’s Putin kicks off diplomatic drive to resolve Syrian conflict

  

  Bloomberg Russian President Vladimir Putin held a surprise meeting with his Syrian counterpart, Bashar al-Assad, kicking off a diplomatic drive this week to outline the terms of an end to the Middle Eastern country’s bloody civil war. Putin said he’ll speak by phone with US President Donald Trump later. Putin has taken a dominant role in efforts to resolve the ...

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• 21 November

  US designates North Korea ‘a state sponsor of terror’

  

  Bloomberg US President Donald Trump said he is designating North Korea a state sponsor of terrorism, subjecting the regime to additional sanctions and reinforcing its status as an international pariah. Speaking at the start of a cabinet meeting at the White House, Trump said the Treasury Department will announce additional measures, describing the move against Kim Jong Un’s regime as ...

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• 21 November

  Merkel’s old ally turns enemy to upset political order

  

  Bloomberg It was five minutes before midnight in Berlin. After another long day of political negotiations, Christian Lindner’s hands were shaking. He had a dramatic decision to announce. But people involved in Germany’s coalition talks said they had sensed what was happening hours before the Free Democrats chairman pulled the rug from underneath a tricky deal to construct a government ...

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• 21 November

  Zimbabwe’s Mnangagwa asks Mugabe to resign

  

  Bloomberg The new leader of Zimbabwe’s ruling party asked Robert Mugabe to resign as president of the southern African nation. “The destiny of our country is in the hands of our people and his excellency must heed the call of the people to resign,” Emmerson Mnangagwa, who left the country after Mugabe fired him as deputy president earlier this month, ...

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• 21 November

  China turns to dumb money for its financial industry

  

  China is opening its financial firms to more foreign ownership. The opportunity might seem tempting. But developed-world buyers should beware — it’s possible that it’s a trap. On November 10, Vice Finance Minister Zhu Guangyao announced changes in the rules limiting foreign ownership of Chinese financial companies. Foreign investors will now be allowed to take controlling interests in Chinese securities ...

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• 21 November

  Singapore tax bump would be nectar for Hong Kong

  

  Asia’s two rival financial centers are starting to look very different, and the gap is going to widen. The divergence of Singapore and Hong Kong is already evident in the quality of their transportation networks. MTR Corp.’s main rail lines in Hong Kong have been glitch-free for 5.6 million kilometers of passenger journeys on average this year, while Singapore’s subway ...

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